# Paratek

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

- Industry: Telecoms
- Headquarters: Nashua, US
- Website: www.paratek.com
- Total disclosed funding: $67M
- Latest round: Series E (Dec 3, 2008)
- Investors on record: 8

## About

Paratek specializes in domain-related services, focusing on domain name acquisitions and providing expert consultations to enhance clients' digital presence through efficient valuation processes.Founded in 1998 in Nashua, US, Paratek operates as a standalone entity with no known subsidiaries or parent companies. The firm has engaged in a total of 7 deals, with the most recent deal occurring on March 9, 2012, when Research In Motion acquired the company for an undisclosed sum. The company completed its LATEST_ROUND, a Series E funding round amounting to USD 20.00 mn, also on March 9, 2012, with investors including ABS Ventures, Morgenthaler Ventures, Novak Biddle Venture Partners, Polaris Partners, and STMicroelectronics International N.V.Paratek.com specializes in providing domain-related services, focusing primarily on valuable domain name acquisitions and expert consultations. Their core offerings include a streamlined pricing mechanism that allows potential buyers to receive valuations of domain names within a 24-hour timeframe, facilitated by their team of domain experts. This service assists businesses and individuals in acquiring domain names that meet their specific branding and operational needs. Paratek serves a diverse clientele, including startups, established businesses, and digital entrepreneurs, across various geographical markets such as North America, Europe, and parts of Asia. By emphasizing rapid response and expert advice, Paratek addresses the challenges of domain selection and acquisition, making it a vital resource for those looking to enhance their online identities.Paratek generates revenue through transaction-based pricing structures for their domain valuation and acquisition services. Clients seeking to purchase domain names interact with the company by completing a request form, which triggers a valuation process carried out by domain experts. Business transactions typically include direct negotiations for the purchase of domain names, with pricing tiers reflecting the value and uniqueness of each domain. Additionally, Paratek offers subscription-based services to clients requiring ongoing domain management and consultancy, ensuring a continuous revenue stream. The company's flagship offerings are directly tied to their reputation for quick valuations and expert guidance, with services essential for businesses looking to establish a strong online presence.Paratek's future growth strategy includes plans for launching new products designed to enhance domain management services, with specific release dates to be announced in the near term. The company is also targeting expansion into emerging markets across Asia and Europe by 2025, leveraging its recent funding from the Series E round which raised USD 20.00 mn to support these initiatives. The funding will be utilized for product development and market entry strategies, enhancing their capabilities to meet the growing demand for domain acquisition services.

## Funding rounds

- Series E, Dec 3, 2008, $20M — Morgenthaler Ventures, ABS Ventures, Polaris Partners, Novak Biddle Venture Partners, STMicroelectronics International N.V.
- Series C, May 31, 2005, $15M — Morgenthaler Ventures, ABS Ventures, Polaris Partners, Novak Biddle Venture Partners, Patricia Industries
- Series B, Jan 12, 2004, $15M — Morgenthaler Ventures, ABS Ventures, Polaris Partners, Novak Biddle Venture Partners, Patricia Industries
- Series D, May 2, 2002, $17M — Morgenthaler Ventures, Novak Biddle Venture Partners, DB Capital Partners, Investor AB

## Investors

- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series D, Series B, Series C, Series E
- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series D, Series B, Series C, Series E
- DB Capital Partners (https://capitalatlas.ai/funds/db-capital-partners) — Series D
- Investor AB — Series D
- ABS Ventures (https://capitalatlas.ai/funds/abs-ventures) — Series B, Series C, Series E
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series B, Series C, Series E
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series B, Series C
- STMicroelectronics International N.V. — Series E