# Funnely

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

- Industry: Marketing/Advertising
- Headquarters: San Francisco, US
- Website: www.funne.ly
- Total disclosed funding: $1M
- Latest round: Seed (Dec 17, 2015)
- Investors on record: 4

## About

Funnely specializes in premium domain name acquisition services, enabling users to buy and lease memorable domain names with ease. Their platform streamlines transactions, catering to diverse clients seeking to enhance their online presence.Founded in 2013 and headquartered in San Francisco, US, Funnely facilitates domain name acquisition, allowing users to make offers on premium domains. The company raised a total of USD 0.990 mn through its Seed funding round led by Verizon Ventures on December 17, 2015, with participation from 500 Global and others. The company was founded by Mihai Uzum, who has a history of entrepreneurial endeavors.Funne.ly primarily offers domain name acquisition services, focusing on facilitating the buying and leasing of premium domain names. Their core service allows users to make offers on domains, streamlining the process of domain transfers to ensure safety and simplicity for buyers and sellers alike. Funne.ly caters to a diverse client base that includes businesses, entrepreneurs, and individuals looking to establish or enhance their online presence through memorable domain names. The platform provides free transaction support, secure payment options, and local currency transactions, making it accessible to users in various geographical markets, including North America, Europe, and parts of Asia, where demand for premium domain names is growing. By emphasizing a hassle-free experience, Funne.ly aims to serve clients with varying needs, from startups seeking brand identity to established companies looking to acquire high-value digital real estate.Funne.ly generates revenue through transaction-based fees associated with the buying and leasing of domain names. When a client makes an offer on a domain, the platform facilitates the transaction, ensuring secure payment processing and a smooth transfer of ownership. The structure of transactions typically involves direct dealings between buyers and sellers, with Funne.ly acting as an intermediary to provide support and security. While specific pricing plans for individual domain names may vary based on market demand and domain value, the platform's transaction fees are integral to its revenue model. The company’s emphasis on premium verified domains positions it strategically in the market, catering to businesses and individuals willing to invest in high-quality online assets.Funnely plans to enhance its service offerings by developing new features aimed at improving user experience and is exploring the introduction of advanced analytics tools for clients, with a projected launch in late 2023. Additionally, the company is targeting expansion into emerging markets in Southeast Asia and South America by mid-2024, capitalizing on the growing demand for premium domains in these regions. The recent Seed funding of USD 0.990 mn will support these initiatives, providing resources for technology development and market entry efforts.

## Funding rounds

- Seed, Dec 17, 2015, $1M — 500 Global, Verizon Ventures, Pallasite Ventures, MITS Fund

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Seed
- Pallasite Ventures (https://capitalatlas.ai/funds/pallasite-ventures) — Seed
- MITS Fund (https://capitalatlas.ai/funds/mits-fund) — Seed