Rick van Boekel, Co-founder and Partner at Airbridge Equity Partners (AEP), announced that his company has acquired a minority stake in Dan.com:
The Netherlands-based private equity company also published a news release that had few details about the investment but provided information about Dan.com and why the company decided to invest:
“DAN’s game-changing network allows making a change of control and ownership of digital domains easier, safer and instant. Their use of blockchain technology enables to automate processes required to provide trust-less domain transfers, also referred to as escrow. Escrow automation also makes it possible to introduce new domain purchases and use models like renting domains, lease to own & fractional domain ownership in a scalable and frictionless way.”
I reached out to Dan.com CEO Reza Sardeha to see if he could share more information about the deal. Although specifics of the deal are not going to be made public, Reza share “that it’s a multi-million deal and the valuation of DAN is priced in the $xxM range.” AEP was the only participant in this round in order to keep the company’s cap table as small as possible
Reza also shared why the company decided to take on this outside round of funding:
We took this investment to significantly accelerate our product development and to professionalize our organization on all fronts. The vision of the company as described in this blog post hasn’t changed and so the investment will be used to introduce everything we describe in our post ranging from our own integrated registrar to launching the only real open distribution network for domains.
I will keep a look out for more news from Dan.com, as it looks like the company’s growth will continue.
Didn’t Epik buy Undeveloped? Whatever happened there?
No, Epik definitely did not buy Undeveloped. Epik & Undeveloped did have a failed merger in 2017. That deal was never finalized or executed due to the companies agreeing to be able to run more efficiently when remaining independent.
On Dan it says over 100M in transactions. In March 2017 news it says “just over €1 million in 2016”. Is this accurate?
What are the numbers for 19 and 2020 projections?
Curious to know, who and why would promote this post on Domaining.com? Other blogs reported that as well, what’s the point in promoting?
It stands out on the top of Domaining.com, so it will be noticed by more people.
It would be pretty obvious who would want it to stand out the party in question.
Dan is doing good things at low commissions, I wish them nothing but the best.
I like using Dan, The control panel is clean and easy to use. I am gad they took the funding and I think it will bring great things to the platform.