Reglikedomain industry desk

Raises $100 million from existing investors — Newfold Digital

Raises $100 million from existing investors — Newfold Digital

Existing investors add to balance sheet.

Logo for Newfold Digital has a stylized graphic with orange and gray lines

Newfold Digital, a rollup of domain name and web hosting firms, disclosed today that it has raised an additional $100 million of funding.

Its existing owners, Clearlake Capital Group, L.P., and Siris Capital Group, provided the funding.

The firm is due to receive an additional cash infusion upon the completion of the sale of MarkMonitor to Com Laude.

In a release, the firm stated the money would be used to “enhance liquidity, strengthen the Firm’s capital structure, and fuel long-term strategic plans.” It did not specifically mention acquisitions, though there are upcoming opportunities in the space, with both Team Internet and Sedo assets right now being marketed.

Newfold Digital has been combining its brands this year, moving both Register.com and Web.com to its Network Solutions platform. It has also consolidated some of its hosting brands under the Bluehost moniker.

For domain investors, Newfold Digital also owns NameJet and SnapNames.

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