# Sipher

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.sipher.co
- Total disclosed funding: $6.8M
- Latest round: Seed (Oct 26, 2021)
- Investors on record: 18

## About

Sipher is a Toronto-based company that facilitates domain name sales and leasing, offering straightforward options for individuals and businesses to secure their online presence effectively.Founded in 2016, Sipher specializes in the domain name market, providing customers with options for purchasing or leasing domains. The company has not undergone any significant pivots in its business strategy and does not have any subsidiaries. The founder, Lalith Muthali, has a background in tech entrepreneurship. In October 2021, Sipher successfully raised USD 6.8 mn in Seed funding from investors including Arrington Capital and Hashed Ventures, bringing the total amount raised to USD 6.8 mn.Sipher.co specializes in the sale and leasing of domain names, offering a user-friendly platform for individuals and businesses. Their core offerings include a purchase option priced at USD 2,488 for outright ownership of a domain or a Lease to Own option at USD 196 per month. The service includes free transaction support and secure payment options, targeting entrepreneurs and enterprises in North America and Europe. Sipher.co simplifies the transfer process and offers local currency options, addressing the needs of clients seeking reliable domain acquisition solutions.Revenue for Sipher.co is generated through direct transactions involving domain purchases and leasing agreements. Customers can choose between a one-time payment for outright ownership or a monthly payment plan. Each transaction is conducted through secure payment gateways, ensuring customer confidence. The domain sipher.co exemplifies the company's strategy to attract clients interested in quality domain names, combining competitive pricing with value-added services such as transaction support to serve a diverse client base.Sipher plans to utilize its recent funding from the Seed round raised in October 2021 to accelerate the development of its upcoming game, World of Sipheria, which aims to create engaging experiences leveraging blockchain technology. The company intends to expand into new markets, particularly targeting regions with growing digital economies. With the financial backing, Sipher is positioned to enhance its gaming offerings and explore further opportunities in the digital domain space.

## Funding rounds

- Seed, Oct 26, 2021, $6.8M — Fenbushi Capital, BITKRAFT Ventures, Arrington Capital, Signum Capital, Hyperchain Capital, Hashed Ventures, CMT Digital, Dragonfly Digital Management, Delphi Digital, Konvoy Ventures, Alameda Research, DeFiance Capital, Arche Fund, Sfermion, GBV Capital, Yield Guild Games, Kyber Network, Merit Circle

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- BITKRAFT Ventures (https://capitalatlas.ai/funds/bitkraft-ventures) — Seed
- Arrington Capital — Seed
- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- Hyperchain Capital — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- Delphi Digital — Seed
- Konvoy Ventures (https://capitalatlas.ai/funds/konvoy-ventures) — Seed
- Alameda Research — Seed
- DeFiance Capital — Seed
- Arche Fund (https://capitalatlas.ai/funds/arche-fund) — Seed
- Sfermion (https://capitalatlas.ai/funds/sfermion) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- Yield Guild Games (https://capitalatlas.ai/funds/yield-guild-games) — Seed
- Kyber Network — Seed
- Merit Circle (https://capitalatlas.ai/funds/merit-circle) — Seed