# Rennovia

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

- Industry: Chemicals
- Headquarters: Menlo Park, US
- Website: www.rennovia.com
- Total disclosed funding: $17M
- Latest round: Series A (May 2, 2011)
- Investors on record: 2

## About

Rennovia, Inc. is a technology company specializing in the development of innovative digital domain services, including the acquisition and management of premium domain names for businesses and individuals.Founded in 2009, Rennovia, Inc. operates from Menlo Park, US, focusing on providing domain name services. The company has secured a total of USD 23.32 mn in Series B funding from Archer Daniels Midland as its most recent investment round on February 14, 2014. The CEO, Bob Wedinger, leads the firm in its operations and strategic direction.Rennovia.com offers a range of digital domain services primarily focused on the sale and management of domain names. The company's core offerings include the sale of premium domain names, particularly in the .com extension, which is recognized as a leading domain type for businesses and online ventures. Their platform facilitates straightforward transactions, allowing customers to purchase a domain outright or opt for a payment plan that extends over a specified period. The intended use cases for these domain names encompass various industries, supporting entrepreneurs, established enterprises, and organizations looking to establish or enhance their online presence. The customer base includes individual business owners, startups, and larger corporations seeking to secure a specific digital identity. The products are marketed and sold primarily in North America and globally, catering to a diverse range of sectors that require a strong online footprint.Revenue generation for Rennovia.com is largely driven by the sale of domain names, with customers engaging in transactions through the company's website. The pricing structure typically entails a one-time payment for the acquisition of a domain name, or a monthly installment plan, which allows buyers to manage their cash flow while securing their desired online property. Customers may choose from various payment options, including interest-free installment plans, which can extend up to 24 months. Additionally, the company may offer premium services such as WhoIs Privacy Protection for an added fee, enhancing customer privacy and security. This transactional model positions Rennovia.com to serve both direct consumers looking for personal or business domains and businesses seeking to establish a strong digital identity through premium domains.Rennovia, Inc. is focused on expanding its product offerings and geographic reach. With the recent funding of USD 23.32 mn from Series B investment, the company plans to develop new digital tools aimed at enhancing customer experience and engagement. Additionally, Rennovia is exploring opportunities to penetrate emerging markets in Asia and Europe by 2025, which will involve adapting their services to meet regional demands. The funding will support technology enhancements and marketing efforts to fuel this expansion.

## Funding rounds

- Series A, May 2, 2011, $10M — Versant Ventures, 5AM Ventures
- Series A, Sep 4, 2009, $6M — Versant Ventures, 5AM Ventures
- Seed, Feb 8, 2009, $0.3M — 5AM Ventures

## Investors

- 5AM Ventures (https://capitalatlas.ai/funds/5am-ventures) — Seed, Series A
- Versant Ventures (https://capitalatlas.ai/funds/versant-ventures) — Series A