A startup called Aries introduced itself yesterday, and its brand matching Aries.com domain name is was what caught my attention:
Introducing https://t.co/g4JFITQbYE
The first ever open platform for traders, investors, and developers. pic.twitter.com/EBVJn2Ncnh
— Aries (@Aries) November 19, 2024
From what I can tell, it looks like Aries started out on the TradeAries.com domain name. The company appears to have raised more than $1 million in funding via StartEngine in a round that closed earlier this year.
I contacted the team at Aries on X, and I was told the domain name was acquired for seven figures via the recently launched DomainEasy platform. I reached out to Sam Dennis, Found of DomainEasy, to see if he could share additional details about the sale.
Sam told me the deal was in the mid-seven figure range, but he was unable to share the exact amount or provide any details about the deal terms. He did tell me the team at Grit Brokerage (Brian Harbin and Michael Law) represented him in the negotiation that transacted via DomainEasy. Sam further told me that this representation strategy was something he previously did on the DomainNameSales platform – before it was acquired by GoDaddy.
I haven’t used DomainEasy before, but it sounds like third party domain brokers are able to represent clients and negotiate on their behalf using the platform.
It’s unfortunate that the sale price isn’t going to be released, but I am sure the eye catching domain name is going to draw attention to the business. Aries has been added to the list of companies that upgraded its domain name, which I maintain on Embrace.com.
Yes it’s unfortunate when domain sellers don’t reveal sales prices, isn’t it?
As a publisher and industry observer, it is unfortunate. As someone who doesn’t share private sale prices, I understand and respect the decision.
It is always worth asking though.