# Storwize

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

- Industry: Software
- Headquarters: Los Gatos, US
- Website: www.storwize.com
- Total disclosed funding: $28M
- Latest round: Series C (Apr 9, 2008)
- Investors on record: 3

## About

Storwize is a domain acquisition service that specializes in premium domain name sales, facilitating ownership through straightforward purchasing options and structured payment plans for diverse clients.Founded in 2004 in Los Gatos, US, Storwize provides domain acquisition services. The company has completed a total of 4 deals and recently raised USD 19.00 mn in a Series C funding round, with investors including Bessemer Venture Partners, Sequoia Capital, and Tenaya Capital. This funding represents the total capital raised by the company to date.StorwiZe.com primarily offers domain acquisition services, specializing in the sale of premium domain names. Their core product is the ability to purchase domain names at a set price or through a structured payment plan, enabling prospective owners to secure valuable web addresses without a significant upfront investment. The company caters to a diverse clientele, including small businesses, entrepreneurs, and individuals looking to establish an online presence. With a focus on facilitating domain transfers and providing customer support, StorwiZe.com enhances the user experience throughout the acquisition process. The geographical markets served by the company encompass a global audience, as internet domains are inherently accessible to anyone seeking an online identity, irrespective of their location.The revenue model of StorwiZe.com is primarily based on direct sales of domain names, with transactions occurring through one-time purchases or monthly payment plans. Customers can choose to buy a domain outright for a specific price, or opt for a payment plan that allows them to pay in installments over a set period. Each domain is priced individually, with the option for clients to pay for ownership in a straightforward manner, which includes clearly defined costs associated with the acquisition of premium domains. The typical transaction structure involves B2C interactions, where individual buyers engage directly with the company to secure their desired web addresses. StorwiZe.com emphasizes a seamless purchasing experience, reinforced by a satisfaction guarantee that allows customers to return domains within a specified period if they are not satisfied with their purchase.In the coming months, Storwize plans to enhance its domain acquisition services by launching a new premium domain marketplace, expected to be operational by Q2 2024. The company aims to expand its reach into European and Asia-Pacific markets by mid-2025, targeting regions with burgeoning online businesses. The recent USD 19.00 mn funding from the Series C round will be allocated to developing this new marketplace and supporting marketing efforts in these new geographic regions.

## Funding rounds

- Series C, Apr 9, 2008, $19M — Hong Shan, Bessemer Venture Partners, Tenaya Capital
- Series B, Jun 6, 2007, $9M — Hong Shan

## Investors

- Hong Shan — Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series C