Domain Invest Picks Up 10.2M EUR Investment
Monday, October 19th, 2009
Domain investment company gets big vote of confidence from outside investors.
Who says outside financing for large scale domain investments is a thing of the past?
Luxembourg-based Domain Invest announced this morning that it has picked up a 10.2M EUR ($15.2M USD) in outside investment. Domain Invest buys domain names, making money by monetizing and selling them.
The co-managing directors of Domain Invest are familiar faces at domain name conferences, Markus Schnermann and Frederick Schiwek. Another familiar face, Xavier Buck, is Chairman of the company.
In the company’s press release (pdf) announcing the financing, Buck noted:
To own the keywords of your industry is today a key element to guarantee your future supremacy in regards to search engine indexation and presence on the Internet. Domain names are lucrative investment assets, whose market value raises faster than any other commodity on earth.
With its base in Europe, Domain Invest has invested heavily in country code domain names. But it also invests in .com; the company sold Voodoo.com for $300,000 at this year’s Domainer Mardi Gras conference.
Further Reading:
Domain Invest Picks Up 10.2M EUR Investment – http://tinyurl.com/yktuu55
The link seems to be broken http://http//www.domaininvest.lu/
DOMAINS Domain Invest Picks Up 10.2M EUR Investment: Who says outside financing for large scale domain in.. http://bit.ly/4yf2j
thanks, link fixed