# Xdrive

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

- Industry: Software
- Headquarters: Beverly Hills, US
- Website: www.xdrive.com
- Total disclosed funding: $95M
- Latest round: Series D (Dec 4, 2000)
- Investors on record: 15

## About

Xdrive, LLC specializes in domain name leasing and sales, offering the premium domain xdrive.com as a digital asset for businesses and individuals aiming to enhance their online presence.Founded in 1999 and headquartered in Beverly Hills, US, Xdrive, LLC provides domain name leasing and sales services. The company was acquired by AOL Inc. in August 2005. The leadership team includes CEOs Christian Felix and Olaoluwa Fakolujo, who have been instrumental in guiding the company’s direction. To date, Xdrive has completed three deals, with its most recent deal date being August 4, 2005, and the company has raised a total of USD 50.00 mn through its SERIES D funding round, with notable investors including Aether Systems, Dawntreader Ventures, and Goldman Sachs Merchant Banking Division.Xdrive, LLC offers the domain xdrive.com, which is currently available for sale or lease. This service targets businesses and individuals seeking to establish a robust online presence and includes consulting services to clarify domain ownership aspects. The global reach allows clients from various regions to express interest in acquiring this premium domain, enhancing their branding strategies.The company generates revenue through direct sales or leasing agreements for the domain name xdrive.com. This involves negotiations regarding price and terms, facilitated through a secure online platform. Xdrive may also engage with domain brokers and digital marketing firms to connect clients with valuable domain names, though specific pricing plans are not disclosed.Xdrive, LLC aims to expand its offerings and market reach through the design of new products centered around premium domains. While specific product launch dates have not been provided, the company may look to target additional geographic markets. The funding received in the SERIES D round will support these initiatives, particularly in enhancing online service capabilities. The firm is strategically positioned to leverage its digital assets for future growth.

## Funding rounds

- Series D, Dec 4, 2000, $50M — Dawntreader Ventures, NEC, Goldman Sachs Asset Management, Mitsubishi Corporation, SoftBank Group, Network Appliance, Aether Systems, StorageNetworks, J&W Seligman
- Series C, May 23, 2000, $45M — Dawntreader Ventures, Pacific Capital Group, Dell EMC, Goldman Sachs Asset Management, AOL Inc., Veritas Software, JUMP Investors, J&W Seligman, eCompanies

## Investors

- Dawntreader Ventures (https://capitalatlas.ai/funds/dawntreader-ventures) — Series C, Series D
- Pacific Capital Group — Series C
- Dell EMC — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C, Series D
- AOL Inc. — Series C
- Veritas Software — Series C
- JUMP Investors (https://capitalatlas.ai/funds/jump-investors) — Series C
- J&W Seligman — Series C, Series D
- eCompanies (https://capitalatlas.ai/funds/ecompanies) — Series C
- NEC — Series D
- Mitsubishi Corporation — Series D
- SoftBank Group — Series D
- Network Appliance — Series D
- Aether Systems — Series D
- StorageNetworks — Series D