# Orckit Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orckit-communications

- Industry: Marketing/Advertising
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.orckit.com
- Latest round: Seed (Jun 1, 1995)
- Investors on record: 1

## About

Orckit Communications is a leading provider in the domain sales market, facilitating the purchase and sale of premium domain names via an efficient online platform for diverse clients.Founded in 1990 in Tel Aviv-Yafo, Israel, Orckit Communications operates within the domain sales sector. The company has undergone strategic pivots to enhance its offerings. It has successfully raised a total of USD 2.50 mn through various funding rounds, with its latest being a VENTURE DEBT round of USD 5.00 mn.Orckit.com specializes in the domain sales market, primarily facilitating the buying and selling of premium domain names. The company offers a platform where clients can list domain names for sale, as well as a marketplace for prospective buyers to discover and purchase these digital assets. Its clientele includes entrepreneurs, small to medium-sized businesses, and larger corporations seeking impactful domain names that enhance their online presence. Orckit.com addresses challenges in online branding and digital identity by providing a streamlined purchasing process for domain names, which is particularly valuable in competitive markets with high internet penetration.Revenue for Orckit.com is generated primarily through the sale of domain names listed on its platform. The transaction structure involves direct sales between sellers and buyers, where sellers set asking prices. The platform facilitates these transactions while providing essential services like domain transfers and customer support. Pricing varies widely based on market demand and keyword relevance, with flagship domain names often commanding higher prices due to their branding potential.Orckit Communications plans to sustain its growth by introducing new products designed to enhance user experience in domain transactions. The company is targeting expansion into additional geographical markets, particularly in North America and Europe, with initiatives projected to roll out by the end of 2023. Recent funding from the VENTURE DEBT round will be utilized to support technological advancements and marketing efforts to penetrate these new regions.

## Funding rounds

- Seed, Jun 1, 1995 — STAR Ventures

## Investors

- STAR Ventures — Seed