# SKAEL

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.skael.com
- Total disclosed funding: $42M
- Latest round: Series A (Feb 3, 2022)
- Investors on record: 8

## About

SKAEL, Inc. is a digital real estate company specializing in the sale and lease of domain names, particularly its flagship domain, Skael.com, offering flexible purchasing options to customers for enhanced online presence.Founded in 2017 and headquartered in San Francisco, US, SKAEL, Inc. operates in the digital real estate sector, facilitating domain name transactions. The company has raised USD 37.85 mn in its Series A funding round on February 3, 2022, led by RTP Global and supported by Dell Technologies Capital and Bonfire Ventures. The founder, Baba N., has been instrumental in steering the company towards a direct-to-consumer model.SKAEL, Inc. specializes in the sale and lease of domain names, prominently featuring Skael.com. Customers can acquire digital real estate through a straightforward one-time payment of USD 9,888 or a Lease to Own plan with monthly payments of USD 454. The platform supports secure transactions and offers local currency options at checkout, catering to a diverse clientele across the US and international markets.The revenue model for SKAEL, Inc. is based on direct sales and leasing of domain names. Clients can opt for a one-time payment of USD 9,888 for immediate domain ownership or engage in a Lease to Own plan, which involves monthly payments of USD 454. This structure allows the company to effectively serve individuals and businesses seeking to establish an online presence without significant upfront costs.Following its Series A funding of USD 37.85 mn in February 2022, led by RTP Global, SKAEL, Inc. aims to enhance its product offerings and establish technology centers in Europe and North America. The funding will also support increased global sales and marketing initiatives as the company seeks to expand into new markets and regions, although specific locations and timelines have not been disclosed.

## Funding rounds

- Series A, Feb 3, 2022, $38M — RTP Global, Dell Technologies Capital, Bonfire Ventures
- Seed, Oct 29, 2020, $4.1M — Daher Capital, Ride Ventures, Bonfire Ventures, Backend Capital, StratMinds, Buffalo Ventures

## Investors

- Daher Capital — Seed
- Ride Ventures — Seed
- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Seed, Series A
- Backend Capital (https://capitalatlas.ai/funds/backend-capital) — Seed
- StratMinds (https://capitalatlas.ai/funds/stratminds) — Seed
- Buffalo Ventures (https://capitalatlas.ai/funds/buffalo-ventures) — Seed
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A