Co. Invests €350,000 to “Disrupt Domain Industry”: 50 Million Registered But Unused Domains

FRIDAY,29 May 2015  The Domains
According to the news from Domain.cn on May 29th,a press release out today, Axivate Capital a VC firm has “invested €350,000 to disrupt domain industry in “Undeveloped.com, a domain marketplace

Undeveloped , says they have “crawled and indexed over 50 million registered but unused domain names. ”

Undeveloped’s co-founder and CEO Reza Sardeha is quoted as saying:

“”With over 288 million registered domains finally everyone has access to these “hidden” domains. Undeveloped is changing the domain industry by making the buying and selling of domains transparent, easy to use and secure.

Before today, unused domain names were scattered across the web, making finding the right name both time-consuming and frustrating. With Undeveloped’s new service, over 50 million unused domain names are now searchable and accessible to buyers making it easy to connect with domain owners, start a conversation and close transactions safely and securely.””

“For domain sellers, Undeveloped provides an easier way to put domains in front of a prospective audience. We instantly set up this beautiful for sale page for you on your own domain name that starts organically attracting domain buyers for you . Besides that it just takes a couple of clicks to start selling your domains on Undeveloped as they provide easy-to-use portfolio management and negotiation platform facilitating domain sales.

“We were driven by our own experiences trying to buy and sell domain names, to make the process less convoluted”.

“How many times have you wanted to buy a domain only to find the page covered in ads and no idea who the owner is?

Our goal is to bring transparency to the process and the index is the first step to identifying what’s available in the marketplace.”

Personally I’m not sure how this marketplace is any different than Sedo, Afternic or Domainnamesales.com all of which offer domain holders a non-parking type of for sale page and I’m pretty uncomfortable with any of my domains to be included in a marketplace without my agreement.

About Undeveloped

Launched in 2014, Undeveloped is reinventing domain trading from start to end by making domain trading open, transparent and accessible to all. Open to buyers and sellers alike, Undeveloped offers easy, fast and secure transactions through their open marketplace. Today Undeveloped provides access to over 50 million registered but unused domains to its marketplace so that anyone can find and secure the perfect address for their next project or business. Buy and sell your domain names at Undeveloped.com.

About Axivate Capital

Axivate Capital is an entrepreneurial private equity firm that backs international growth and value creation for Dutch and European companies in the fields of Digital Media, e-Commerce, Internet, and Leisure. Axivate invests in innovative, early-stage and more mature companies with hidden potential.

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