# Sparkswap Hub

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sparkswap-hub

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.sparkswap.com
- Total disclosed funding: $3.5M
- Latest round: Series A (Apr 8, 2019)
- Investors on record: 3

## About

Sparkswap Hub, Inc. is a domain name trading platform that specializes in the secure sale and transfer of premium domain names, catering to entrepreneurs and businesses seeking to solidify their online presence.Founded in 2017 in San Francisco, US, Sparkswap Hub, Inc. facilitates domain transactions and has undergone no significant pivots in its business strategy. The company has engaged in one funding round, raising USD 3.5 mn in a Series A round in April 2019, led by Initialized Capital with participation from Foundation Capital and Pantera Capital. The company was created by individuals dedicated to enhancing online branding for clients globally, primarily focusing on North America, Europe, and Asia-Pacific.The core offering of SparkSwap.com is the sale of premium domain names, focusing on facilitating transactions through secure payment methods and streamlined transfer processes. Multiple acquisition options are available, including outright purchase, lease-to-own arrangements, and making offers on listed domains. SparkSwap.com partners with Atom.com to provide secure escrow services, enhancing transaction trust for buyers and sellers. The end users primarily include individual entrepreneurs, small businesses, and startups aiming to establish a robust online identity through unique domain names.SparkSwap.com generates revenue through the sale of domain names using various pricing structures. A set purchase price of USD 9,988 is available for immediate acquisition, or clients can opt for a lease-to-own plan at USD 333 per month. Payment is processed through established partners such as Stripe and Escrow.com, ensuring secure transactions. Clients select their desired domain, make payment via their chosen method, and can choose from different transfer processes, ensuring a structured approach to revenue generation in the premium domain marketplace.In April 2019, Sparkswap Hub, Inc. raised USD 3.5 mn in Series A funding, primarily to support the development of new products and the expansion into additional markets. The company plans to enhance its platform by introducing new features aimed at improving user experience and transaction efficiency. Sparkswap Hub, Inc. also targets growth in regions beyond its current markets, looking at potential expansion into Latin America and Africa by the end of 2024. Recent funding will be utilized to bolster these initiatives, ensuring the company remains competitive and responsive to client needs.

## Funding rounds

- Series A, Apr 8, 2019, $3.5M — Foundation Capital, Initialized Capital, Pantera Capital

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A