# Netcore Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/netcore-systems

- Industry: Marketing/Advertising
- Headquarters: Wilmington, US
- Website: www.netcoresys.com
- Total disclosed funding: $18M
- Latest round: Series C (Dec 15, 1998)
- Investors on record: 5

## About

Netcore Systems specializes in providing comprehensive digital solutions, particularly in domain registration and management, catering to both individuals and businesses aiming to establish a robust online presence.Netcore Systems operates primarily in the digital solutions sector, focusing on domain registration and management services. The company was sold to Tellabs in July 1999 for USD 575 mn. Its headquarters is located in Wilmington, US. The founder's history is not detailed in the available information.Netcore Systems offers a range of digital solutions focused primarily on domain registration and management services. Their core offerings include domain name registration, domain transfer services, and web hosting solutions. These services cater to both individual entrepreneurs and established businesses seeking to establish a strong online presence. The primary use cases for these services involve helping customers secure their online identities, enabling them to create websites, launch e-commerce platforms, or manage corporate online communications. The typical client base includes small to medium-sized enterprises (SMEs) and individual users across various geographical markets, including North America and Europe, where the demand for domain services remains robust.The revenue model for Netcore Systems is structured around subscription-based services and one-time transaction fees for domain registrations and transfers. Clients engage in direct transactions for purchasing or renewing domain names, with potential upselling of additional services such as privacy protection and website hosting. The typical transaction cycle involves clients selecting a domain, completing the registration process, and optionally subscribing to additional services that enhance their online presence. Pricing plans vary based on the specific services chosen, with flagship offerings commanding premium rates due to their value in securing high-demand domain names and associated digital assets. The company’s revenue is derived from these structured transactions, ensuring a steady flow of income from both new registrations and renewals.The company’s strategy for future growth is not explicitly stated; however, given its focus on domain services, potential upcoming products could include enhanced hosting solutions or domain management tools. Expansion plans may target new geographic regions, particularly in Asia, to capture a growing market for digital solutions. The recent funding will likely support these initiatives by enhancing technology and marketing efforts to expand their client base. The most recent deal occurred on July 1, 1999, when the company was sold to Tellabs for USD 575 mn.

## Funding rounds

- Series C, Dec 15, 1998, $18M — Institutional Venture Partners, Matrix Partners, Sprout Group, Worldview Technology Partners, North Bridge Venture Partners

## Investors

- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series C
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series C
- Sprout Group (https://capitalatlas.ai/funds/sprout-group) — Series C
- Worldview Technology Partners (https://capitalatlas.ai/funds/worldview-technology-partners) — Series C
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series C