{"id":1066,"date":"2022-05-18T00:00:00","date_gmt":"2023-05-12T21:31:21","guid":{"rendered":"https:\/\/mediaoptions.com\/blog\/march-funding-correlation\/"},"modified":"2024-06-21T14:12:39","modified_gmt":"2024-06-21T14:12:39","slug":"blog-march-funding-correlation","status":"publish","type":"post","link":"https:\/\/mediaoptions.com\/blog\/march-funding-correlation\/","title":{"rendered":"March Funding Correlation"},"content":{"rendered":"

Every day, companies around the world decide to upgrade their domain names. These domain names, especially if they’re ultra-premium one-word .com’s, can cost six-, seven-, or eight-figures to acquire.<\/p>\n

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How important is funding for significant domain name acquisitions? Is there a correlation between funding and domain name acquisitions?<\/p>\n

Here, I’m looking at five companies that disclosed funding in March 2022 that already use one-word .com domains to see when they bought their domain and how close that purchase was to a funding round.<\/p>\n

Ramp – Ramp.com<\/strong><\/p>\n

Financial automation platform Ramp chose a superb short, simple, positive brand name when it was founded in 2019. Ramp started by offering financial products geared towards small-to-medium-businesses, but now works with companies of all sizes.<\/p>\n

Ramp has gone from strength to strength since then, raising $1.4 billion in disclosed funding, including a $200 million Series C round and $500 million in debt financing revealed in March 2022. This funding gave Ramp an $8.1 billion valuation.<\/p>\n

The company operates on Ramp.com, but it hasn’t always. Ramp began life on TryRamp.com before switching to Ramp.com in Q2 of 2020, shortly after launching to the public.<\/p>\n

Its acquisition of Ramp.com came when Ramp had just secured $15 million in Series A funding, announced in February of 2020. The Ramp.com domain is not only a consumer’s first contact point with the company, but it also hosts Ramp’s finance platform.<\/p>\n

Chief – Chief.com<\/strong><\/p>\n

How much would you pay to access a private membership network filled with the most powerful women in business? According to Forbes, joining the women’s-only network Chief could set you back at least $7,400 per year.<\/p>\n

The annual fee opens the door to a national community of professionals, with many holding influential positions at key companies.<\/p>\n

Chief’s network is hosted at Chief.com, a domain it acquired for an undisclosed fee in Q2 of 2019, upgrading from JoinChief.com.<\/p>\n

The company decided that the domain name was an essential early target, with the purchase taking place just months after Chief launched.<\/p>\n

It was likely made possible thanks to a $22 million Series A funding round disclosed in June 2019, shortly after the company secured Chief.com.<\/p>\n

Chief.com has carried the company’s website and private network platform ever since and has undoubtedly played a part in its $1 billion valuation, achieved after raising $100 million in Series B funding in March 2022.<\/p>\n

Pipe – Pipe.com<\/strong><\/p>\n

In February 2021, Pipe’s co-founder, Harry Hurst, tweeted:<\/p>\n

“One-word dictionary domains are the holy grail… They’re not cheap, but they stamp authority, allow you to build trust with your customers faster.”<\/em><\/p>\n

Hurst certainly speaks from an experienced position. His startup, Pipe, launched in 2019 to offer a global trading platform that allows companies to charge monthly but get paid for the year, transforming recurring revenue into upfront capital.<\/p>\n

The company acquired Pipe.com in Q1 of 2020, very early in the company’s lifecycle. This purchase took place around the same time that Pipe announced its $6 million Series A funding round.<\/p>\n

Subject – Subject.com<\/strong><\/p>\n

Online learning is a growing and competitive space, with dozens of platforms now offering accredited and extracurricular courses for anyone with a yearning to learn. To stand out from the crowd, you need the right brand.<\/p>\n

Emile Learning, formed in 2020, has spent the last couple of years building what it calls “the Netflix of high school education. Early success, aided by $5.3 million in disclosed seed funding during 2021, helped establish this accredited learning platform.<\/p>\n

The company decided to rebrand in 2022, a move that culminated in Emile becoming Subject. This rebrand was announced at the same time as the company’s $29.4 million Series A funding round, which likely gave Subject the ability to rebrand and acquire a key asset, Subject.com.<\/p>\n

The Subject.com domain, which now hosts the company’s entire platform, was acquired in early 2022 for an undisclosed fee.<\/p>\n

Dave – Dave.com<\/strong><\/p>\n

Back in 2016, when Dave was formed, it was a humble fintech platform with big plans. Dave, shorthand for the hero in the David vs. Goliath story, provides a banking app aiming to level the financial playing field.<\/p>\n

From microloans to building a credit history, Dave’s service has proved a hit, with millions of people now using the app.<\/p>\n

Since Q1 of 2017, Dave has operated on Dave.com, a domain it acquired for an unconfirmed fee that is thought to be<\/a> $121,000. Dave.com, a domain it acquired from a design company, was an upgrade from Dave’s original TryDave.com domain.<\/p>\n

Weeks after Dave secured Dave.com, the company announced a $3 million seed funding round.<\/p>\n

Despite being predominantly an app-based business, Dave made acquiring Dave.com a priority. Now, as a publicly-traded company with a $3 billion valuation at IPO, Dave’s early purchase of Dave.com certainly helped set the company up for long-term success.<\/p>\n

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Bonus<\/strong>: I analyzed data from 25 companies operating on a one-word, premium .com domain that disclosed funding in March 2022. Download this spreadsheet to determine when each company acquired its one-word .com domain and see whether the acquisition was close to a significant funding round.<\/p>\n

March 2022 Funded Startups and Their Domains<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Every day, companies around the world decide to upgrade their domain names. These domain names, especially if they’re ultra-premium one-word .com’s, can cost six-, seven-, or eight-figures to acquire. How important is funding for significant domain name acquisitions? Is there a correlation between funding and domain name acquisitions? 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