Techmeme highlighted a TechCrunch article about a company called Cred that just raised a $120 million Series B round of funding. The Indian company had previously raised a considerable amount of funding, reportedly bringing its total funding to date to $145 million. With this latest round of funding, the company “is now valued between $430 million to $450 million,” according to the TechCrunch article.
CRED, a 9-month old Indian startup, raises $120M Series B to help people improve their financial behavior; source: the startup’s valuation is now $430M-$450M (@refsrc / TechCrunch)https://t.co/qNPdtV82Yshttps://t.co/QXBYHWgYDo
— Techmeme (@Techmeme) August 26, 2019
Of interest to domain investors is that Cred operates on the Cred.Club new gTLD domain name. From what I can tell, it appears the company acquired Cred.Club sometime between July and October of 2018. Using DomainTools’ Whois History tool, it looks the domain name was acquired from a domain investor, as I recognize the former registrant’s name and the domain name had been parked with Sedo nameservers.
I looked at NameBio, and there are no publicly reported sales for Cred.Club. This would indicate that the domain name was not sold directly via Sedo because Sedo generally reports its sales. It is possible the buyer or seller requested confidentiality, but whatever the case, the acquisition price was not revealed.
Somewhat surprisingly, I do not see any .Club branding within the Cred logo to help customers understand what url the company is using for its website and email. Cred.com appears to be registered to a China-based registrant, and the domain name does not resolve for me. CredClub.com is a domain name that is owned by HugeDomains and is priced at $2,695. It might behove the company to acquire this domain name on the off chance customers are confused and/or emails are not being delivered.
This should be a case domain investors highlight when identifying valuable brands that use a new gTLD domain name.