# Panraven

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

- Industry: Internet
- Headquarters: Boston, US
- Website: www.panraven.com
- Total disclosed funding: $5.7M
- Latest round: Series B (Nov 24, 2009)
- Investors on record: 3

## About

Panraven Inc. functions as an online marketplace for domain auctions, enabling users to buy and sell domain names through a dynamic bidding platform.Founded in 2005 and based in Boston, US, Panraven Inc. specializes in facilitating domain auctions. The company has undergone no significant pivots and operates independently. It has completed a total of 4 deals, with the most recent funding round occurring on November 24, 2009, during which it raised USD 2.73 million in a SERIES B round from investors including Castanea Partners, Dace Ventures, and Draper Fisher Jurvetson. The total amount raised by the company stands at USD 2.73 million, leading to a current valuation of USD 20.28 million.Panraven.com primarily operates as an online marketplace for domain auctions, facilitating the buying and selling of domain names. The core offerings include a bidding platform where users can place bids on listed domains, view auction statuses, and utilize features like 'Buy Now' options. The platform is designed to serve both domain sellers looking to monetize their assets and buyers seeking valuable domain names for branding or investment purposes. Its customer base encompasses individual entrepreneurs, small business owners, and larger enterprises interested in premium domain acquisitions, with services accessible globally across North America, Europe, and Asia.Panraven.com generates revenue through transaction-based earnings from domain auction listings. Income is derived from bidding fees and sales commissions on successful domain sales. Users may place maximum bids on domains, with fees charged based on a percentage of the final bid amount. This business model accommodates a diverse client base engaging in B2B transactions for domain acquisitions. Revenue is further enhanced by traffic and interest from unique visitors, contributing to the overall value of listed domains and ensuring a seamless auction experience.In November 2009, Panraven Inc. raised USD 2.73 million in a SERIES B funding round, which will be instrumental in supporting its future growth initiatives. The company plans to enhance its platform by introducing new features aimed at improving user engagement. Additionally, it aims to expand into new geographical markets, including Asia and Europe, by the end of 2010, leveraging recent funding to bolster its marketing and operational capabilities.

## Funding rounds

- Series B, Nov 24, 2009, $2.7M — Draper Fisher Jurvetson, Castanea Partners, Dace Ventures
- Series B, Aug 30, 2006, $1.2M — Draper Fisher Jurvetson
- Series B, Jun 17, 2006, $1.8M — Draper Fisher Jurvetson

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B
- Castanea Partners (https://capitalatlas.ai/funds/castanea-partners) — Series B
- Dace Ventures (https://capitalatlas.ai/funds/dace-ventures) — Series B