# CleveX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clevex

- Industry: Medical Devices & Equipment
- Headquarters: Columbus, US
- Website: www.clevex.com
- Total disclosed funding: $2.3M
- Latest round: Series B (Mar 23, 2010)
- Investors on record: 1

## About

CleveX operates as an online marketplace facilitating the buying and selling of domain names, offering services such as auctions and immediate purchase options for diverse clients including businesses and individual investors.Founded in 2003 and headquartered in Columbus, US, CleveX specializes in the domain name marketplace. The company has executed a total of 3 deals, with its most recent funding round being a Series B in March 2010, during which it raised USD 0.15 mn from Plymouth Growth Partners. The current company valuation stands at USD 6.173 mn. The CEO, Gary Smith, leads the company with experience in the domain industry.CleveX.com serves as an online marketplace dedicated to the buying and selling of domain names. The platform facilitates domain auctions and offers a 'Buy Now' feature for immediate purchases. Catering to a wide array of clients, including individual investors, businesses, and domain speculators, CleveX provides essential tools such as traffic and revenue statistics to enhance decision-making for buyers.CleveX.com generates revenue primarily through transaction fees from domain sales and auctions on its platform. It takes a percentage of the final sale price as a commission and may also offer premium listing services to sellers for enhanced visibility. This revenue model capitalizes on the increasing demand for unique domain names in a competitive marketplace.With the recent Series B funding of USD 0.15 mn in March 2010, CleveX plans to enhance its platform by developing new features aimed at improving user experience and engagement. The company is exploring opportunities to expand into new geographic markets, specifically targeting regions in Europe and Asia by the end of 2011. The funds raised will be directed towards these initiatives to support growth and market penetration.

## Funding rounds

- Series B, Mar 23, 2010, $0.1M — Straylight Capital
- Series B, Dec 23, 2009, $0.7M — Straylight Capital
- Series A, Aug 5, 2008, $1.4M — Straylight Capital

## Investors

- Straylight Capital (https://capitalatlas.ai/funds/straylight-capital) — Series A, Series B