# Machine Labs

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

- Industry: Software
- Headquarters: Edinburgh, UK
- Website: www.machinelabs.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Jul 9, 2020)
- Investors on record: 3

## About

Machine Labs Ltd. specializes in seamless domain name acquisition services, catering to businesses seeking premium domain names. Their focus is on enhancing online presence through memorable and relevant domains.Machine Labs Ltd., founded in 2018 and headquartered in Edinburgh, UK, provides domain name acquisition services. The company has completed 4 deals since its inception, with the most recent deal on July 9, 2020. They raised GBP 0.8 million in seed funding, supported by investors including Amazon and Scottish Enterprise. The CEO, Andrew Veitch, has a history in the industry that contributes to the company's strategic direction.Machine Labs focuses on providing premium domain name acquisition services, including the flagship domain machinelabs.com. Their offerings are tailored for businesses aiming to enhance their digital identity through memorable domain names, facilitating easy transactions for clients across various regions including North America, Europe, and Asia.Machine Labs generates revenue primarily from the sale of domain names, engaging in direct transactions with clients. Each domain name is priced according to its market value, with a B2B focus on delivering tailored services for businesses needing strategic digital assets.Machine Labs intends to leverage recent funding of GBP 0.8 million from their latest funding round in July 2020 to expand their product offerings and enhance market presence. They are exploring new geographic markets for expansion, particularly targeting Europe and Asia by 2023. The funding will support the development of additional premium domain offerings to meet growing market demand.

## Funding rounds

- Seed, Jul 9, 2020, $1M — British Business Bank, Techstart Ventures
- Seed, Apr 1, 2019, $0.9M — Techstart Ventures, Scottish Enterprise

## Investors

- Techstart Ventures (https://capitalatlas.ai/funds/techstart-ventures) — Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed
- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Seed