# MedNetworks

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

- Industry: Software
- Headquarters: Newton, US
- Website: mednetworks.com
- Total disclosed funding: $5M
- Latest round: Series A (Aug 9, 2010)
- Investors on record: 1

## About

MedNetworks Inc. provides domain valuation expertise, streamlining the acquisition and sale of digital assets for clients across various industries, enhancing their online presence effectively.MedNetworks Inc. specializes in the valuation of internet domain names. Founded in 2009 and headquartered in Newton, US, the company completed its Series A round in August 2010, raising USD 5.000 mn from Excel Venture Management. The company has completed a total of 1 deal to date.MedNetworks Inc. primarily offers domain expertise in the valuation of internet domain names, facilitating a streamlined pricing process for clients seeking to acquire or sell digital assets. Users can receive price quotations within 24 hours, reflecting a commitment to efficient customer service. This service is particularly valuable for businesses and individuals looking to enhance their online presence through strategic domain acquisitions, serving a client base that spans technology, e-commerce, and marketing sectors across North America, Europe, and select international markets.MedNetworks Inc. generates revenue primarily through transactional services related to domain name valuations. Clients engage with the company to obtain pricing estimates, which facilitate potential acquisitions or sales of domain names. The business model is based on individual transactions, which may include fixed fees for valuations or success-based commissions for completed sales, catering to both B2B and direct-to-consumer clients.In August 2010, MedNetworks Inc. raised USD 5.000 mn through a Series A round of financing from Excel Venture Management. The company intends to utilize these funds to enhance its service offerings and explore expansion into new markets. Plans are in place to develop new products focused on faster domain valuation processes, targeting release by mid-2023. Additionally, MedNetworks aims to penetrate emerging markets in Asia and Latin America by the end of 2023.

## Funding rounds

- Series A, Aug 9, 2010, $5M — Excel Venture Management

## Investors

- Excel Venture Management (https://capitalatlas.ai/funds/excel-venture-management) — Series A