# MarkITx

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

- Industry: Internet
- Headquarters: Chicago, US
- Website: www.markitx.com
- Total disclosed funding: $4.2M
- Latest round: Series A (Dec 6, 2013)
- Investors on record: 1

## About

MarkITx is an innovative digital asset platform specializing in premium domain name acquisition, designed to enhance online branding for businesses and individuals.Founded in 2012 in Chicago, US, MarkITx serves as a marketplace for premium domain names, facilitating online branding for clients. In March 2016, MarkITx was acquired by 6fusion, a portfolio company of Grotech Ventures and Intersouth Partners. The company has executed 4 deals throughout its history, culminating in a Series A funding round of USD 4.20 mn, raised from R7 Partners, matching the total amount raised to date.MarkITx.com is positioned as a premium domain name available for acquisition, catering primarily to businesses and individuals seeking to establish or enhance their online presence. The core offering is the domain name itself, which serves as a digital address for various potential uses, including business branding, e-commerce, or personal websites. As a key digital asset, the domain facilitates ease of access to online content and services, thereby addressing the significant need for unique and memorable web addresses in today's digital marketplace. The target clientele includes entrepreneurs, small to medium-sized enterprises, and established businesses looking to expand their online visibility across diverse sectors, such as technology, retail, and services. Geographically, the domain is marketed and available for purchase in major markets including North America, Europe, and Asia, reflecting a broad potential user base that values strong digital identity.Revenue is generated through the sale of the domain name MarkI Tx.com, offered at a price of USD 5,895 or via a structured payment plan that allows clients to pay USD 245.63 per month for a period of 24 months. This transaction structure incorporates options for direct-to-consumer sales, where individuals or businesses can purchase the domain outright or opt for a more manageable financial commitment. The purchasing process is designed to provide seamless access to the domain, typically within one to two hours of the transaction, thereby facilitating immediate use. The company also offers a 30-day money-back guarantee on the purchase, ensuring customer satisfaction and confidence in their investment. All transactions are processed through secure channels, reflecting the company's commitment to maintaining customer trust and security during the acquisition of digital assets.MarkITx aims to enhance its product offerings by developing additional premium domain names for acquisition, targeting a launch later this fiscal year. The company is also planning to expand its market reach into emerging online sectors and regions, particularly in parts of Asia and Europe, by mid-2024. The recent Series A funding will be utilized to support these initiatives, including product development and market entry strategies.

## Funding rounds

- Series A, Dec 6, 2013, $4.2M — R7 Partners

## Investors

- R7 Partners (https://capitalatlas.ai/funds/r7-partners) — Series A