Reglikedomain industry desk

$25 million Series A — D3 raises

$25 million Series A — D3 raises

Domain name firm raises funds for its ambitious DomainFi ecosystem.

D3 logo

Domain name firm D3 Global disclosed today that it has raised a $25 million Series A funding round.

The round was led by Paradigm with investments from Coinbase Ventures, Dharmesh Shah, the founder of HubSpot, and Richard Kirkendall, CEO of Namecheap, among others.

D3 is trying to combine traditional DNS with blockchain technology in what it calls “DomainFi,” a decentralized finance layer it states will accelerate the growth of domains.

Fred Hsu, CEO of D3, explained his vision in Reglike Podcast #508 in November.

The firm also disclosed the Doma Protocol, a blockchain that transforms existing and future domains into a modern form of digital real estate.

In addition to building out technology, the funding ought to help the firm prepare to apply for domain names in ICANN’s next round of top level domain expansion.

D3 previously raised $5 million in a seed round that included Paul Stahura, co-founder of fresh top level domain firm Identity Digital.

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