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.