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.tech gTLD startups “raise $2 billion”

Kevin Murphy, August 28, 2019, 11:43:45 (UTC), Domain Registries

Tech startups using domain names in the .tech gTLD have raised $2 billion in venture capital financing over the last two years, according to Radix.

The registry looked at startups listed on Crunchbase as of June and found 650 companies using .tech domains. Of these, 170 of them had raised $2 billion in funding.

About 250 TLDs are in use by Crunchbase-listed startups, according to Radix.

According to a list provided by the company, funding amounts range from a modest $50,000 (obtained by the likes of the VR firm at virtualspaces.tech) to $620 million (obtained by the self-driving car company at aurora.tech).

Not every company on the list is still in business (if name resolution is any guide), and some of the .tech names bounce visitors to longer .com domains.

Meanwhile, domainer Morgan Linton has done a bit of similar research and discovered that 43% of the “top pick” startups appearing at Disrupt, the conference that like Crunchbase is owned by TechCrunch, are not using .com domains.

It’s a smaller sample size, but according to Linton, 18% of them use .io names. Most of the non-coms are on ccTLDs, in fact. The only new gTLD on his list is Google’s .app.

Disrupt made headlines in the domain world in 2010 when it launched its first conference web site on a .co domain, to coincide with the international launch of Colombia’s ccTLD by .CO Internet.

But that marketing deal lapsed after a year. Disrupt is back on techcrunch.com and disrupt.co is back in registry hands as a “premium” reserved name.

.co still appears on Linton’s list, however, so the initial partnership may still be bearing fruit.

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Comments (1)

  1. Ethan says:

    .tech is really a cool and professional TLD, in my opinion. If I were to start a tech company, I would definitely build its website using the .tech TLD and redirect the .com (if available for registering) to the .tech.

    Besides, the antepenult paragraph of this article starts with “Disrupt made headlines in the domain world…” I read it twice and still couldn’t figure out what it means. After reading the context, I realized that “Disrupt” is a brand name. This shows that it is not always a good idea to use a generic word as brand name.

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