New TLD startup Donuts one of the top 15 venture capital deals of 2012
Company lands on list of top fundings for 2012.
After the holiday VentureBeat posted a story with the 15 biggest venture capital funding rounds of 2012.
Coming in at #10 is new top level domain startup Donuts with its $100 million raise:
Sweetly named startup Donuts has a lofty goal of being a new registry for generic top-level domains that go beyond staples like .com, .net, and .org. Since it will be bidding on new — and most likely expensive — domains, it needs a lot of cash to buy and sell domains. So it raised a massive $100 million round of funding led by Austin Ventures, with participation by Adams Street Partners, Emergence Capital, TL Ventures, Generation Partners, Stahurricane, and others.
In September Donuts was named #14 on a Wall Street Journal list of the top 50 startups.
Donuts applied for 307 top level domain names. Later this year it might start to earn revenue on some of them — but it will be many years before we find out if Donuts is a box of cinnamon twists or a donut hole.