# Silicon Hive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silicon-hive

- Industry: Logistics & Distribution
- Headquarters: Eindhoven, Netherlands
- Website: www.siliconhive.com
- Total disclosed funding: $17M
- Latest round: Series B (Oct 22, 2008)
- Investors on record: 4

## About

Silicon Hive is a domain sales company that provides premium domain names, targeting businesses and entrepreneurs to enhance their online presence.Founded in 2003 in Eindhoven, Netherlands, Silicon Hive specializes in premium domain name sales. The company has undergone significant changes, culminating in its acquisition by Intel Corporation in March 2011. The founder, George Cigale, has a history of entrepreneurship, though further details on previous ventures are unavailable. Silicon Hive has executed 3 deals to date, and the latest funding round, Series B, raised USD 7.000 mn, led by Intel Capital, with participation from New Venture Partners and TVM Capital Life Science.Silicon Hive specializes in the sale of premium domain names, primarily targeted at businesses and entrepreneurs seeking to establish a strong online presence. Their core offering includes a diverse portfolio of domain names, with SiliconHive.com itself listed for sale at USD 9,295, or available through a 24-month payment plan at USD 387.29 per month. The company serves a global clientele, including startups and established businesses, focusing on those in the technology and innovation sectors. Products are marketed mainly to English-speaking markets and sold online, reaching a wide geographical audience.Silicon Hive generates revenue through direct sales of domain names and related services, utilizing a transaction structure that includes options for outright purchases or installment payment plans. The pricing strategy allows clients to buy domain names outright or pay over time without interest. The revenue model is predominantly B2B, catering to businesses needing digital real estate for their web presence. Additionally, ancillary services such as WhoIs Privacy Protection are offered for free in the first year, with a small fee applied thereafter. Clients gain immediate access to their digital assets upon purchase, facilitating rapid implementation in their operations.Silicon Hive plans to leverage the funding obtained from the latest Series B round to enhance its portfolio and improve customer outreach. There are initiatives to introduce new domain offerings and expand into additional international markets. The company aims to capitalize on its existing technology and market reach to diversify its service range in the upcoming years, although specific product launches or geographical targets have not been disclosed.

## Funding rounds

- Series B, Oct 22, 2008, $7M — Intel Capital, TVM Capital Life Science, New Venture Partners
- Series A, Apr 16, 2007, $10M — TVM Capital Life Science, New Venture Partners, Koninklijke Philips N.V.

## Investors

- TVM Capital Life Science (https://capitalatlas.ai/funds/tvm-capital-life-science) — Series A, Series B
- New Venture Partners (https://capitalatlas.ai/funds/new-venture-partners) — Series A, Series B
- Koninklijke Philips N.V. — Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B