Domain Registrar Donuts Gets $110 million loan.
Domain name registry Donuts, disclosed that they have got a $110 million loan from a group of financial institutions to complete the acquisition of Rightside Group for $213 million.
“We are delighted to partner with Silicon Valley Bank and are gratified by the enthusiastic response from co-lenders,” said Donuts chief executive officer, Bruce Jaffe.
“SVB understands deeply our business and our industry and did a terrific job in forming a syndicate of leading institutions. This financing will help to fuel our growth, as we focus on helping individuals and organizations to transform their online branding capabilities.”
“Donuts growth and opportunities are reflections of the emerging category of new, top-level domains, its management team, portfolio and it’s strategy,” said Jayson Davis, Director, Silicon Valley Bank. “We appreciate the opportunity to have worked with the leadership team at Donuts, as well as our banking partners, to enable the right financing at the right time to help the company achieve its growth goals.”
With its latest acquisition, Donuts now offers 238 new top-level domains, including .email, .guru, .social, .business, .life, .restaurant, and many more.
“Donuts domains provide extensive variety to anyone wishing to enhance their brands online. With recent investments in Netki and Geofrenzy, and the acquisition of the Rightside Group, Donuts is leveraging its deep industry expertise to identify and invest in emerging technologies that can enhance the domain name system (DNS), expand the company’s portfolio of high-quality top-level domains, or otherwise complement its business and growth strategy.”
Here are Thursday’s domain drops.
Daily Available Domain Auction List August 10, 2017
I post these lists for informational purposes only. Please don’t interpret the lists as a recommendation to buy. Do your research, including trademark searches before buying.