Domain Holdings Raises $7.5 Million — Top Level
TLDH raises cash stockpile ahead of fresh top level domain name releases.
Top Level Domain Holdings, which owns Minds + Machines, has conditionally raised regarding $7.5 million through the sale of stock.
As stated by a release this morning:
The Firm intends to use the Placing proceeds to provide additional working capital and in particular, to develop the business ahead of the expected formal commencement by the Internet Corporation for Assigned Names and Numbers (“ICANN”) of the application process for the introduction of fresh generic top level domains (“gTLDs”).
This money is on top of regarding $5.5 million cash the firm right now holds.
CEO Antony Van Couvering stated:
The Board of TLDH is delighted with the support and enthusiasm we have received from our shareholders for this funding round and we are confident that our firm is very well positioned to both facilitate and benefit from the exciting opportunity to develop fresh generic top level domains.
Indeed, it appears the applications for fresh top level domains will finally open next year barring any preemptive legal challenges that create injunctions.
