Donuts Inc. reveals $100M+ raised to secure new gTLD?s, releases new website
Earlier today Donuts Inc. (stands for Domain Nuts) website went live. According to an official press release on the site, we now know that the company has raised more than $100 million in funding in plans to expand the domain space with 307 new generic top level domains that the company has applied for with ICANN. Their main objective is to ?significantly widen internet identity competition and choice.?
Paul Stahura, co-founder and CEO of the new startup says: ?Namespace expansion will help the Internet continue its evolution toward specificity for users, some of them altogether new to the Internet? ?Donuts will play a significant role in making that expansion stable, secure and inclusive for all end-users and consumers.?
Over $100M Raised In Capital
The company?s efforts are funded by more than $100 million raised from multi-billion dollar private equity and venture funds. Donuts executives say they intend to deploy capital and raise additional funding if necessary in order to secure and operate each applied for new gTLD.
Read the entire article at
http://www.domainnamenews.com/new-gt...-website/11036