Domain Holdings, a provider of domain lifecycle management and monetization solutions, has closed a $2.9m Series A venture capital funding.
The company intends to use the funds for further continued technological development for the DomainPower platform, including research and development of new revenue models for site users, as well as adding resources to optimize, analyze and help increase yield and domain value.
Domain Holdings has also launched its retooled domain development platform – DomainPower, completely rewriting its predecessor Rapid Domain Builder, initially launched in November 2010.
The rebranded DomainPower is a comprehensive monetization and domain development platform, providing domain owners with a rev-share enhancement and website development solution.
Co-founded by Chad Folkening, a domain industry veteran, and John Ferber, co-founder of Advertising.com which was acquired by AOL for approximately $500 million in 2004, the company is led by CEO Jason Boshoff.