# NearVerse

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.nearverse.com
- Total disclosed funding: $1M
- Latest round: Seed (Apr 1, 2010)
- Investors on record: 2

## About

NearVerse specializes in buying, selling, and leasing premium domain names, offering tailored options to enhance the online presence of businesses and individuals.NearVerse, founded in 2008 in New York, US, focuses on premium domain name transactions. The company was founded by William Idrissi, who has experience in the domain industry. In 2010, NearVerse raised USD 1 million in Seed funding from Meakem Becker Venture Capital.Nearverse.com is primarily focused on the sale and leasing of premium domain names, exemplified by their flagship offering, the domain nearverse.com. The company facilitates domain transactions by providing potential customers with options to either purchase the domain outright for USD 23,911 or choose a lease-to-own plan at USD 1,096 per month. Their services are designed to cater to a diverse clientele, including businesses, entrepreneurs, and individuals looking to establish or enhance their online presence. The company operates primarily in major markets such as North America and Europe, where the demand for high-quality domain names is significant. In addition to domain sales, Nearverse.com offers transaction support, secure payment options, and assistance throughout the purchasing process to ensure a seamless experience for users.Nearverse.com generates revenue primarily through direct sales and leasing of domain names. The transaction structure involves clients making one-time payments for outright domain purchases or subscribing to a monthly payment plan under the lease-to-own option. Each transaction is supported by additional services such as secure payment processing and transaction support, aimed at enhancing the customer experience. The flagship domain, nearverse.com, is listed at a price of USD 23,911, while the lease-to-own option creates a recurring revenue stream at USD 1,096 per month. These pricing strategies reflect the company's positioning in the premium domain market, targeting businesses and individuals with varying financial capabilities who seek high-value domain assets.NearVerse plans to utilize the recent Seed funding of USD 1 million raised in 2010 to expand its product offerings and enhance its operational capabilities. The company is focusing on developing new premium domain name options and exploring the possibility of entering new markets in Asia and South America by 2023. The investment will also support improved marketing efforts and technology enhancements to streamline the leasing process, aimed at increasing customer engagement and satisfaction.

## Funding rounds

- Seed, Apr 1, 2010, $1M — Meakem Becker Venture Capital
- Seed, Nov 20, 2009 — Eniac Ventures

## Investors

- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed
- Meakem Becker Venture Capital (https://capitalatlas.ai/funds/meakem-becker-venture-capital) — Seed