Packet Raises $25m Series B; Buys Packet.com

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A company called Packet has raised $25 million in Series B funding. The news was shared this morning in a tweet from Techmeme:

A quick Google search showed that this startup is using the Packet.net domain name for its business.

A Whois search reveals that the company likely acquired the Packet.com domain name within the last week or so. On September 6, the domain name was registered to domain investor Braden Pollock’s business. As of September 10, the domain name is now registered under privacy. The Packet.net nameservers reveal that the domain name was picked up by the startup. As of now, the Packet.com domain name does not resolve, but I would not be surprised to see the startup shift over to the Packet.com domain name at some point soon.

I reached out to Braden to ask him about the deal, but he was unable to comment. Historical Whois records at DomainTools show that Braden acquired the domain name in June of 2016. I am sure it was a nice ROI.

According to CrunchBase, Packet has raised a total of $36.6 million in funding.

Update: The Packet.com domain name was sold for $350,000 as reported by DNJournal.

About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.

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