Picks Up 10.2M EUR Investment — Domain Invest

Domain investment firm gets big vote of confidence from outside investors.

Who states outside financing for sizable scale domain investments is a thing of the past?

Luxembourg-based Domain Invest disclosed this morning that it has picked up a 10.2M EUR ($15.2M USD) in outside investment. Domain Invest buys domain names, making money by monetizing and selling them.

The co-managing directors of Domain Invest are familiar faces at domain name conferences, Markus Schnermann and Frederick Schiwek. Another familiar face, Xavier Buck, is Chairman of the firm.

In the firm’s press release (pdf) announcing the financing, Buck noted:

To own the keywords of your industry is today a key element to guarantee your future supremacy in regards to search engine indexation and presence on the Internet. Domain names are lucrative investment assets, whose market value raises faster than any other commodity on earth.

With its base in Europe, Domain Invest has invested heavily in country code domain names. But it also invests in .com; the firm sold Voodoo.com for $300,000 at this year’s Domainer Mardi Gras conference.