# Magmode

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

- Industry: Retail
- Headquarters: Beijing, China
- Website: www.magmode.com
- Total disclosed funding: $62M
- Latest round: Series C (Aug 10, 2018)
- Investors on record: 5

## About

Magmode is a company specializing in the sale of premium domain names, helping businesses enhance their online presence with strategic digital assets.Founded in 2015, Magmode operates in Beijing, China, specializing in the acquisition of premium domain names. The company has closed six deals to date, with the most recent deal occurring on August 10, 2018. Magmode successfully raised USD 30 mn in Series C funding, led by IDG Capital, with participation from Cathay Capital. The firm’s founder and CEO information is currently unavailable.Magmode primarily offers premium domain names, focusing on the domain magmode.com. The company plays a significant role in the digital asset marketplace, facilitating domain acquisitions for startups, established businesses, and entrepreneurs. Their offerings cater to various needs such as brand identity and e-commerce functionality, primarily targeting markets in North America and Europe.Magmode generates revenue through the direct sale of domain names, with magmode.com listed at a price of USD 4,950. Transactions are conducted directly on their online platform, allowing buyers to negotiate and use flexible payment options. The pricing structure is straightforward, requiring a one-time payment for each domain without additional fees, and clients benefit from buyer protection programs to enhance their purchasing experience.Following the Series C funding round in August 2018, Magmode plans to utilize the USD 30 mn raised to enhance their product offerings and expand into new geographic regions. The company aims to introduce new premium domain listings by late 2023 and target markets in Asia and South America for expansion by 2024. These initiatives reflect Magmode's strategic vision for growth in the competitive digital asset marketplace.

## Funding rounds

- Series C, Aug 10, 2018, $30M — IDG Capital, Cathay Capital
- Series B, Jun 30, 2017, $15M — Cathay Capital, Sinovation Ventures
- Series B, May 5, 2017, $7.3M — IDG Capital, Sinovation Ventures, Ventech China
- Series A, Nov 19, 2016, $10M — IDG Capital, Sinovation Ventures, Ventech China, China Growth Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B, Series C
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Series A, Series B
- Ventech China (https://capitalatlas.ai/funds/ventech-china) — Series A, Series B
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Series A
- Cathay Capital — Series B, Series C