Newly funded startups and their (domain) names – week 5.

This week we saw 48 startups raise more than 63 million dollars in combined seed and angel funding which again is a increase on last week’s report. Exactly 75% of these newly funded companies launched their business on a .com domain while .co is this week’s runner up with a little over 8% of companies opting for this extension. We have yet to see a single funded startup launch on one of the new Gtld’s.

Business collaboration platform WitKit Inc leads this week’s chart with $5,000,000 in seed funding. The company bought the matching .com domain name for $2,588 back in 2011.  A startup that already caught my eye back in December is Final, a credit card that tackles security with unique numbers for each retailer.  They announced a 1 million dollar funding round this week and it will be interesting to see if they will be able to buy the matching domain name in the near future which is currently parked and owned by domain name investor Roland Chemtob of Branded Holding Group. (more…)

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