Company will use money to accelerate platform roadmap.
Domain name sales platform DAN.com has raised a multi-million-dollar Series A round backed by Airbridge Equity Partners.
The company did not disclose the exact amount of the investment. Airbridge will be a minority owner after the investment.
Dan.com founder Reza Sardeha told DNW that the money would be used to “invest in the future development of our marketplace, to introduce a fully integrated registrar to DAN users and to build the first real open distribution network of the domain industry.”
Since we already have built a transactional engine that can handle automated domain transfers, the next step for us is to connect our network with our transactional engine to create tremendous value for all stakeholders in the market.
Having deeper pockets now, also allows us to keep our focus solely on product development & growth. We have an ambitious product roadmap as described in this earlier blog post and the raised funds allow us to execute all our plans in the coming 12-18 months.
The funds will also help us to accelerate making our vision a reality. We can now also introduce more frequent product and service updates as we’ll expand our team significantly in the coming period.
Dan.com was founded as Undeveloped in 2014. Its initial years were somewhat slow, but the company has made a name for itself in the past couple of years as domainers started to park their domains on for-sale landers rather than use traditional parking. The service offers low fees and accepts credit card payments up to $50,000, making it a useful service to quickly complete domain transactions, even internationally.
I interviewed Sardeha for DNW Podcast #243 last year.