# Space Pencil

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/space-pencil

- Industry: Internet
- Headquarters: Emeryville, US
- Website: www.spacepencil.com
- Total disclosed funding: $24M
- Latest round: Series A (Jun 1, 2016)
- Investors on record: 6

## About

Space Pencil specializes in domain valuation services, providing quick and reliable price estimates for domain names to assist businesses and individuals in buying or selling domains effectively.Founded in 2008 in Emeryville, US, Space Pencil provides domain valuation services to clients. The company has raised USD 3.00 mn in a Series A funding round from True Ventures in June 2016, totaling USD 3.00 mn in funding since its inception. The current company valuation stands at USD 8.884 mn.SpacePencil.com specializes in providing domain valuation services, primarily targeting businesses and individuals looking to acquire or sell domain names. Their core offering allows users to obtain a price estimate for domain names in under 24 hours by filling out a simple online form. This service is designed to facilitate transactions in the domain name marketplace, addressing the common pain points of both buyers and sellers who require swift and reliable valuations. The company caters to a diverse clientele, including entrepreneurs, small businesses, and established corporations, across various geographical markets, including North America, Europe, and parts of Asia. By leveraging expertise in domain valuation, SpacePencil.com plays a critical role in helping clients make informed decisions regarding domain investments.SpacePencil.com generates revenue through its domain valuation services, which operate primarily on a transactional basis. Clients submit requests for domain value assessments, and the company provides pricing estimates based on an internal evaluation process conducted by domain experts. The revenue model is structured around direct-to-consumer transactions, where clients pay for individual evaluations rather than committing to long-term subscriptions or partnerships. While specific pricing plans are not disclosed, the service is positioned to appeal to a wide range of users, ensuring accessibility for both individual domain owners and larger enterprises seeking expert valuation services. The emphasis on timely delivery of pricing information further enhances the company's value proposition in the competitive domain market.Space Pencil plans to leverage its recent funding to enhance its technology platform for domain valuation services, with the goal of streamlining the valuation process. The company aims to expand its market reach into additional regions in Europe and parts of Asia over the next two years. The USD 3.00 mn raised in the Series A funding round will support these initiatives, allowing for improvements in service delivery and market penetration.

## Funding rounds

- Series A, Jun 1, 2016, $3M — True Ventures
- Series B, Jun 5, 2015, $3M — Polaris Partners, True Ventures, Azure Capital Partners
- Series B, Jul 12, 2013, $7M — Polaris Partners, True Ventures, Azure Capital Partners, Felicis Ventures, Signatures Capital Partners
- Series A, Jan 25, 2013, $0.2M — True Ventures
- Series A, Nov 7, 2012, $2.2M — Polaris Partners, True Ventures
- Series A, Aug 2, 2008, $8M — True Ventures, Uncork Capital
- Seed, Jun 1, 2008, $1M — True Ventures, Uncork Capital

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A, Series B
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series B
- Signatures Capital Partners — Series B