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.Club, which has the most number of paid registrations, in all the new gTLDs launched till now and has more than 150,000 registrations, will be valued at $25.4 million after the current round of fundraising.
The company is conducting two fundraising rounds, both of which are fully subscribed.
The first is a raise from existing shareholders that will effectively convert the $3.5 million of debt to equity.
The second round will be a $3 million equity investment, bringing the total raised to $10.5 million($4 million of which was previously raised). That round is expected to close in February and will give the company a $25.4 million post-money valuation.
In addition to existing investors, a few strategic investors will participate in the equity round.
The company is conducting two fundraising rounds, both of which are fully subscribed.
The first is a raise from existing shareholders that will effectively convert the $3.5 million of debt to equity.
The second round will be a $3 million equity investment, bringing the total raised to $10.5 million($4 million of which was previously raised). That round is expected to close in February and will give the company a $25.4 million post-money valuation.
In addition to existing investors, a few strategic investors will participate in the equity round.
