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Founders out as Com Laude gets equity injection
Kevin Murphy,
April 2, 2024, 13:44:58 (UTC),
Domain Registrars
Corporate registrar Com Laude is losing four company founders as part of a new investment from the private equity firm PX3 Partners.
The company said last week that founders Nick Wood and Lorna Gradden will exit the firm, along with Penny Hearn and Andrew Lothian, who founded Demys, which Com Laude acquired in 2018. Wood will stick around to consult for a while.
The privately held, London-based registrar did not disclose the size of the investment or the new ownership structure, but it did say that former investor Vespa Capital is also out.
Com Laude focuses on the corporate market and brand protection services and has over 211,000 gTLD domains under management at the last count.
CEO Glenn Hayward said in a blog post that PX3 was picked for its “deep network of international relationships and experience in helping companies scale and internationalise”.
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