# SpineMatrix

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

- Industry: Biotechnology
- Headquarters: Akron, US
- Website: www.spinematrix.com
- Total disclosed funding: $16M
- Latest round: Series B (Jul 20, 2007)
- Investors on record: 5

## About

SpineMatrix is an online platform specializing in the sale of premium domain names, helping businesses enhance their web presence through unique and relevant identifiers.SpineMatrix provides premium domain names to a diverse clientele, primarily in healthcare, technology, and e-commerce sectors. Founded in Akron, US, the company underwent a pivotal Series B funding round on July 20, 2007, raising USD 6.00 mn led by Psilos Group and supported by the Ohio Department of Development. The company has successfully completed a total of 2 deals.SpineMatrix.com focuses on selling domain names, prominently featuring 'SpineMatrix.com' available for USD 5,695 or a structured payment plan of USD 474.58 per month over 12 months. It caters to clients ranging from entrepreneurs to larger corporations seeking to secure distinctive domain names to strengthen their online identity. The company ensures a prompt transfer of purchased domains within one to two hours, backed by SSL encryption for a secure shopping experience, with a significant customer base in North America and Europe.SpineMatrix.com generates revenue through the direct sale of domain names, with options for full upfront payment or a 12-month installment plan. The company offers a 30-day money-back guarantee, aiming to enhance customer satisfaction. Payment transactions are processed securely via platforms such as PayPal and Escrow.com, reinforcing trust in the purchase process. Revenue is primarily driven by sales of premium domains and additional services like WhoIs Privacy Protection.Following the recent Series B funding round in June 2007, which raised USD 6.00 mn, SpineMatrix plans to leverage these funds to enhance its product offerings and expand into new markets. The company aims to roll out additional services related to domain management within the next year, while also targeting growth in emerging markets across Asia and South America by 2025.

## Funding rounds

- Series B, Jul 20, 2007, $6M — Psilos Group, Ohio Department of Development
- Series A, Jun 1, 2002, $9.5M — Ohio Innovation Fund, Nationwide Insurance, X-Gen

## Investors

- Ohio Innovation Fund (https://capitalatlas.ai/funds/ohio-innovation-fund) — Series A
- Nationwide Insurance — Series A
- X-Gen — Series A
- Psilos Group (https://capitalatlas.ai/funds/psilos-group) — Series B
- Ohio Department of Development — Series B