# Joust Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/joust-labs

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.joustbank.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Aug 12, 2019)
- Investors on record: 4

## About

Joust Labs, Inc. offers domain appraisal services, assisting individuals and businesses in acquiring valuable domain names with swift pricing estimates to enhance their digital presence.Founded in 2017, Joust Labs, Inc. is based in Austin, US, specializing in providing domain appraisal services. The company underwent an acquisition by ZenBusiness, Inc., a portfolio company of Founders Fund and other investors, in July 2020. The financial terms of the acquisition were not disclosed. The founder's history and prior ventures are not documented. To date, Joust Labs has completed 6 deals, with the most recent deal occurring on July 30, 2020. The firm has raised a total of USD 0.50 mn in funding, which corresponds to its latest funding amount.Joustbank.com primarily offers domain appraisal services, providing potential buyers with pricing estimates for domain names within a 24-business-hour timeframe after form submission. This service caters to individuals and businesses seeking to acquire valuable domain names for branding, marketing, or e-commerce purposes. The end-use cases include enhancing online presence, establishing brand identity, and securing unique digital assets in a competitive market. Joustbank's target clients include entrepreneurs, small to medium-sized enterprises, and larger corporations looking to expand their digital portfolio. The company operates in various geographical markets, focusing on the U.S. and Canada, with additional services available internationally.Joustbank.com generates revenue through its domain appraisal services, functioning primarily on a transactional basis where clients receive a price quote for specific domain names. Transactions typically occur through direct engagement, with customers filling out an inquiry form on the website to initiate the process. The structure of these transactions is straightforward, involving one-time fees for appraisal services rather than ongoing subscriptions. While specific pricing details for individual appraisals are not disclosed, the firm emphasizes prompt service and expert evaluation, which are critical for clients making informed purchasing decisions in the domain market.Joust Labs, Inc. aims to expand its service offerings and reach new markets following its acquisition by ZenBusiness, Inc. Plans include the development of new products to enhance the appraisal process and the exploration of additional geographical markets beyond the U.S. and Canada. The recent funding will support these initiatives as the company seeks to innovate within the domain appraisal space. Specific release dates for upcoming products have not been provided.

## Funding rounds

- Seed, Aug 12, 2019, $2.6M — Accion, Techstars, PTB Ventures, Restive Ventures

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- PTB Ventures (https://capitalatlas.ai/funds/ptb-ventures) — Seed
- Restive Ventures (https://capitalatlas.ai/funds/restive-ventures) — Seed