# Ark

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ark-2

- Industry: Healthcare
- Headquarters: Singapore, Singapore
- Website: www.ark.bio
- Total disclosed funding: $40M
- Latest round: Series A (Oct 31, 2018)
- Investors on record: 3

## About

Ark is a domain name registration and leasing company that provides businesses and entrepreneurs with premium online identity solutions, facilitating secure domain acquisition processes through direct sales and innovative leasing options.Ark was founded in 2018 in Singapore, specializing in domain name registration and leasing. The company has not reported any significant pivots or changes in its business model since its inception. Ark was established by a team of founders, including Akeel Malik, Akihiko Murazumi, Alhamd Kanchwala, Jodi Ganovski, Josh Warwick, Mamatha Esteves, Maxwell Hill, Robert Hargrove, Roshan Joyil, Tobias Tovera, and Yi Chuah. The company's latest funding round occurred on October 31, 2018, when it successfully raised USD 40 mn in Series A funding led by VentureCraft, with participation from Gaorong Ventures and Octennial Group. The total amount raised by Ark stands at USD 40 mn, valuing the company at USD 160 mn post-money.Ark specializes in premium domain name registration and leasing services, targeting businesses and entrepreneurs aiming to establish a strong online presence. Their offerings include the sale of premium domains, such as the verified domain ark.bio, available for direct purchase or lease-to-own options. This lease-to-own model allows clients to start with an initial monthly fee, ultimately leading to full ownership, thus catering to startups and small businesses with limited capital. Ark’s clients include small to medium enterprises, tech startups, and individual entrepreneurs across diverse geographical markets, including North America and Europe.In the most recent fiscal year of 2019, Ark reported a revenue of USD 3,303,531.30, while the EBITDA for the same year was -USD 7,867,513.30, indicating a focus on growth and market penetration despite negative earnings before interest, taxes, depreciation, and amortization.Ark aims to bolster its growth strategy by launching new products aimed at enhancing customer experience in domain acquisition. The company plans to expand its market presence into additional geographic regions, specifically targeting Asia and Europe by 2023. The USD 40 mn raised in Series A funding will support these initiatives, enabling Ark to develop new offerings and optimize its existing services to meet the needs of a wider clientele.

## Funding rounds

- Series A, Oct 31, 2018, $40M — Gaorong Ventures, VentureCraft, Octennial Group

## Investors

- Gaorong Ventures (https://capitalatlas.ai/funds/gaorong-ventures) — Series A
- VentureCraft (https://capitalatlas.ai/funds/venturecraft) — Series A
- Octennial Group — Series A