CyberKing
Domain Investor
.Club raising more money, valued at $25.4 million (From DNW)
The .Club top level domain name registry is raising more funds, and the latest round will value the company at $25.4 million after the investment closes.
.Club previously raised $7.5 million, with about $3.5 million of that in debt. The company is conducting two additional fundraising rounds, both of which are fully subscribed.The first is a raise from existing shareholders that will effectively convert the $3.5 million of debt to equity.The second round will be a $3 million equity investment, bringing the total raised to $10.5 million. That round is expected to close in February and will give the company a $25.4 million post-money valuation. In addition to existing investors, a few strategic investors will participate in the equity round.
Source: .Club raising more money, valued at $25.4 million | Domain Name Wire | Domain Name News & Views
The .Club top level domain name registry is raising more funds, and the latest round will value the company at $25.4 million after the investment closes.
.Club previously raised $7.5 million, with about $3.5 million of that in debt. The company is conducting two additional fundraising rounds, both of which are fully subscribed.The first is a raise from existing shareholders that will effectively convert the $3.5 million of debt to equity.The second round will be a $3 million equity investment, bringing the total raised to $10.5 million. That round is expected to close in February and will give the company a $25.4 million post-money valuation. In addition to existing investors, a few strategic investors will participate in the equity round.
Source: .Club raising more money, valued at $25.4 million | Domain Name Wire | Domain Name News & Views
