# Magnific

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

- Industry: Internet
- Headquarters: London, UK
- Website: www.magnific.com
- Latest round: Seed (Mar 24, 2014)
- Investors on record: 1

## About

Magnific is a digital asset company specializing in the sale of premium domain names, enhancing online visibility for businesses. Its flagship product, Magnific.com, embodies luxury and grandeur, catering to various sectors.Founded in 2012, Magnific is based in London, UK, and focuses on the sale of its premium domain name, Magnific.com. The company has not undergone significant changes in its business strategy and operates independently. Yves Booten serves as the CEO.Magnific.com primarily engages in the sale of its domain name, Magnific.com, which symbolizes magnificence and is a strategic asset for brands aiming to strengthen their online presence. This domain is particularly valuable for sectors like luxury goods and hospitality, appealing to businesses across North America, Europe, and Asia. Transactions are facilitated through Escrow.com to ensure secure ownership transfer.Revenue is generated from the sale of the Magnific.com domain, priced at USD 250,000. The sales model is direct, with clients submitting offers for the domain, supported by secure escrow services. This approach enhances market reach across B2B and direct-to-consumer sales.In March 2014, Magnific secured Seed funding from TechStars, which will be utilized to explore new markets and enhance product offerings. The company aims to expand its reach into additional geographical regions, though specific locations and timelines are not disclosed. Current initiatives include assessing potential future products to align with market demands.

## Funding rounds

- Seed, Mar 24, 2014 — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed