Expansion of Swivl’s suite of tools for educators and students will be supported through a company-friendly growth financing agreement

MENLO PARK, Calif., Jan. 29, 2025 — Swivl, a leader in reflective technology for education and personal development, has secured a growth loan from Decathlon Capital Partners. The investment package will be used to meet the growing demand for Swivl’s Mirror and MirrorTalk solutions, enhance functionality, and support new development efforts that advance the company’s mission of accelerating reflection for better learning and social-emotional outcomes.

Swivl’s Mirror and MirrorTalk are transformative tools designed to foster personal and professional growth through reflection. By integrating advanced technology with intuitive user experiences, these solutions help educators and students to develop self-awareness, improve communication, and create meaningful connections that drive growth. Details of the growth-debt financing were not disclosed.

Brian Lamb, Co-Founder and Co-Chief Executive Officer of Swivl, said the company is dedicated to advancing learning and development through the power of reflection. “At Swivl, we believe reflection is a critical tool for fostering self-awareness, improving communication, and building meaningful connections,” Lamb said. “With Mirror and MirrorTalk, we’re empowering educators and learners with solutions to meet the growing demands of the educational landscape.”

Vladimir Tetelbaum, Co-Founder and Co-Chief Executive Officer of Swivl, said the investment from Decathlon Capital Partners provides the support needed to scale their innovative solutions. “This funding enables us to bring Swivl to more educators and learners, helping to accelerate reflection as a cornerstone of personal and professional growth,” Tetelbaum said. “We’re grateful to partner with Decathlon as we expand our impact and continue developing tools that inspire meaningful progress.”

John Borchers, Managing Director of Decathlon Capital Partners, expressed enthusiasm for partnering with Swivl. “Swivl’s commitment to leveraging technology to accelerate reflection is both innovative and impactful,” Borchers said. “We’re thrilled to support their efforts as they expand their offerings and continue to make a difference in education and human development.”

About Swivl
Swivl is a technology company that builds tools to accelerate learning and social-emotional development through reflection. From its groundbreaking Mirror and MirrorTalk solutions to its broader focus on personal and professional growth, Swivl is dedicated to creating a future where reflection drives meaningful progress. Headquartered in Menlo Park, California, Swivl serves educators and learners worldwide. Learn more at www.swivl.com.

About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized growth-debt financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.

SOURCE swivl

NASHVILLE, Tenn., Jan. 29, 2025 — Petra Capital Partners is pleased to announce it has completed fundraising on Petra Growth Fund V (“PGF V”) with $270 million of capital available to invest. The fund was oversubscribed and reached its hard cap. Consistent with prior funds, PGF V will target healthcare, business, and technology-enabled services companies and is structured as a small business investment company (SBIC) licensed by the U.S. Small Business Administration. “We are very pleased with the response from our existing investors and several important new investors for PGF V and the strong support we received from the SBIC program,” said Mike Blackburn, Founding Managing Partner at Petra.

Doug Owen, Managing Partner at Petra, commented, “We are excited to begin deploying PGF V and with increased capacity to invest per deal, Petra can support its companies longer in their life cycles with a combination of flexible debt and equity solutions”.

Petra is also pleased to announce that the fund has already made its first platform investment in a leading primary market research and analytics firm serving the pharmaceutical, healthcare, and consumer industries. “This new investment fits squarely into one of our core investment sectors of healthcare and pharma services and represents a compelling opportunity for the fund,” commented David Fitzgerald, Managing Partner at Petra.

With the raising of the new fund, Petra is also proud to announce that Matt Sotelo has been promoted to Partner. “We are pleased to add Matt as a Partner in the firm. His promotion reflects his hard work, talent and significant contributions to Petra over the last 12 years” said David Fitzgerald, Managing Partner at Petra.

Petra will continue to expand its investment team and is currently recruiting qualified candidates for Associate level positions.

About Petra Capital Partners

Petra Capital Partners is a private equity firm engaged in providing growth capital for companies located throughout the United States. Our investment team has an established track record of success spanning over 25 years and deploying more than $900 million of capital invested into more than 100 high growth companies. We are seeking investments for our current SBIC fund, Petra Growth Fund V. We can invest up to $25 million per company in equity or debt securities with a primary focus on backing high growth business services, tech-enabled services and healthcare services companies.

SOURCE Petra Capital Partners

AUSTIN, Texas, Jan. 29, 2025 — 1st Commercial Credit, LLC, a leading provider of invoice factoring and payroll funding solutions, is pleased to announce the successful completion of a $7 million factoring facility for a new client in the staffing industry. This financing will provide the necessary capital to support payroll, operational expansion, and increased client demand.

The newly funded staffing agency is a one-stop provider for staffing and recruitment needs, specializing in Contract, Temp-to-Hire, Per Diem, and Direct Hire placements. They serve a broad range of industries and roles, including Executive Leadership, Clinical, Administrative, Security, Environmental Services (EVS), and Food Services.

In response to the increasing demand for travel nurses, the agency has experienced rapid growth, outpacing its cash flow. With this $7 million factoring facility, they can now convert outstanding receivables into immediate working capital, ensuring timely payroll funding and continued business expansion.

1st Commercial Credit remains committed to providing flexible financing solutions that eliminate cash flow constraints, allowing staffing agencies to scale efficiently.

“We understand that staffing agencies rely on steady cash flow to cover payroll and operational expenses,” said Raul Esqueda, President of 1st Commercial Credit, LLC. “This factoring facility provides our client with the financial flexibility to meet payroll demands, onboard new employees, and take on larger contracts without disruption.”

As a trusted financial partner for the staffing industry, 1st Commercial Credit offers fast and reliable invoice factoring and payroll funding solutions, ensuring agencies can grow without the burden of delayed client payments.

For more information on how 1st Commercial Credit supports staffing agencies with innovative funding solutions, visit www.1stcommercialcredit.com.

About 1st Commercial Credit, LLC

1st Commercial Credit is a leading provider of invoice factoring, asset-based lending, and payroll funding solutions for businesses in various industries, including staffing, manufacturing, distribution, and transportation. With a fast and simple approval process, 1st Commercial Credit helps businesses improve cash flow and achieve sustainable growth.

SOURCE 1st Commercial Credit, LLC

HALIFAX, Nova Scotia, Jan. 29, 2025 — Sound Blade Medical, Inc., a medical device company developing handheld ultrasound-guided histotripsy technology, announced today the successful closing of an oversubscribed US $16.5 million Series A funding round. Amzak Health and Lumira Ventures co-led the round, with participation from Invest Nova Scotia. Funds will be used to accelerate the development and clinical validation of its pioneering technology designed to bring the benefits of precision ultrasound therapy to a wide range of patient conditions.

“We’re thrilled to have the support of such forward-thinking investors who share our vision for the future of Sound Blade and our technology,” said Jeremy Brown, Ph.D., Co-founder and CEO of Sound Blade. “This funding enables us to rapidly advance our technology, expand our team and accelerate regulatory approvals to quickly bring our therapy to patients in need.”

Histotripsy is a non-invasive, non-ionizing and non-thermal ablation technology guided by real-time imaging that uses focused ultrasound delivered from outside the body to mechanically destroy targeted tissue. It works by inducing cavitation bubbles in the tissue at the ultrasound beam focus, using short, high-pressure pulses. When the bubbles collapse, only liquified tissue remains. Because of the non-thermal nature of the technology, it may allow better immune and healing responses and avoid dangers associated with heating. In comparison to open surgery, histotripsy offers the possibility of dramatically improved patient outcomes including less blood loss, fewer complications, reduced recovery time, and decreased chance of infection.

Tony Natale, MD, Partner at Amzak Health, stated, “Sound Blade’s handheld histotripsy has truly disruptive potential. We’re combining a highly accomplished founding team with an investor syndicate that has built many successful Medtech companies to unlock the full promise of this platform.”

Gerry Brunk, Managing Director at Lumira Ventures, commented, “We’re excited to continue our long history of backing world-class medical device companies in Canada. With its roots at Dalhousie University and Nova Scotia Health, Sound Blade represents Lumira’s second investment in the exciting field of histotripsy for the non-invasive treatment of important diseases.”

About Sound Blade Medical
Founded in 2023, Sound Blade Medical is at the forefront of developing advanced handheld histotripsy technology with world-leading precision. Its mission is to improve patient outcomes through groundbreaking non-invasive solutions. For more information, visit https://soundblademedical.com/.

SOURCE Sound Blade Medical/SPRIG Consulting

Finalists will compete for cash prizes, recognition and funding from top investors at the upcoming 2025 Venture Madness Conference.

PHOENIX, Jan. 29, 2025 — Venture Madness by Invest Southwest has selected 16 finalists for the 2025 Venture Madness Conference which will be held April 2-3, 2025, at Mountain America Stadium in Tempe, Arizona. The 2025 selection process was highly competitive, with more than 125 applicants vying for an opportunity to present their innovative businesses at the annual pitch competition and capital conference. The finalists were chosen based on several key factors, including their business potential, innovative approach, leadership team, competitive advantage, and investment opportunity.

“This year’s finalists represent the future of innovation, and we are also thrilled to introduce a new growth track to the format,” said Tom Fulcher, Chair of Venture Madness. “This addition is designed to support startups that are ready to scale, providing them with targeted resources and connections to fuel their growth as they continue to attract investment. Venture Madness has always been about nurturing the next generation of leaders, and with this new track, we’re excited to offer even more tailored support to companies at different stages of development.”

The 16 finalists for the 2025 Venture Madness include:

Ask Ms. Kay Tempe, AZ

BMSEED LLC Mesa, AZ

Business Genie Mesa, AZ

Calviri, Inc Phoenix, AZ

EnKoat Chandler, AZ

HemaSense, Flagstaff, AZ

HOA.com, Chandler, AZ

Ink’d Greetings Phoenix, AZ

Metfora Diagnostics Tucson, AZ

Parent Projects Tempe, AZ

Precision Epigenomics Inc. Tucson, AZ

RDI Tempe, AZ

Rezliant Mesa, AZ

Sense Neuro Diagnostics Cincinnati, OH

Valence Intelligence Systems Tucson, AZ

VelocitiPM Phoenix, AZ

The 2025 Venture Madness Conference and Expo will bring together approximately 350 accredited investors, entrepreneurs, service providers, and thought leaders. Attendees will have the opportunity to discover the region’s most promising early-stage companies, engage in networking, and gain insights on emerging market trends. As Arizona’s longest-running venture capital event, Venture Madness has helped companies raise over $1 billion in funding since its inception in 1992.

“This year, we’re taking things to the next level,” said Karen Katzorke, President & CEO of Venture Madness. “As Arizona’s startup community continues to thrive, we’re more committed than ever to connecting accredited investors with high-potential, innovative companies. Venture Madness is designed to offer investors access to a curated group of startups ready to scale, along with exclusive pitch sessions and unparalleled networking opportunities. We’re excited to continue strengthening Arizona’s position as a leading innovation hub, creating new opportunities for investors to make impactful connections and discover the next wave of industry-changing companies.”

Key Event Details:

• Event Dates: April 2-3, 2025
• Location: Mountain America Stadium, Tempe, AZ
• Tickets: Available atventuremadness.com

Venture Madness is supported by the Arizona Commerce Authority (ACA) as our diamond sponsor, drawing investors from across the country to connect with high-potential startups in Arizona. For more than 10 years,Venture Madness has fostered a dynamic community of investors, entrepreneurs, and business mentors, empowering companies to scale and succeed.

Past Successes:

Previous winners of the Venture Madness competition have gone on to secure significant investments and grow their businesses. Among those are companies such as Retisio, a leader in AI-driven digital commerce, Rovicare, a software innovator in healthcare management, and Quibble, a pioneer in vacation rental revenue management.

About Venture Madness by Invest Southwest:

Venture Madness is the premier Arizona-based non-profit organization dedicated to facilitating connections between investors and early-stage companies. Through a variety of events and programs, it offers essential resources to foster startup growth, including mentoring from successful entrepreneurs and investors.

About the 2025 Venture Madness Conference and Expo:

The 2025 Venture Madness Conference and Expo is Arizona’s signature event, blending a pitch competition with a capital conference. It offers emerging companies a platform to compete, network, and secure funding from top-tier investors. Companies in the competition must first undergo a rigorous selection process to ensure they meet the high standards of the event.

Investor Attendees from Past Years Include:

Venture Madness has attracted top investment firms such as Arizona Venture Development Corporation, Access Venture Partners, AZ-VC, AZ Tech Investors, Bridge Bank, Canyon Angels, Desert Angels, EPIC Ventures, Fulcrum Equity Partners, Grayhawk Capital, JP Morgan, Kickstart Fund, Peak Ventures, Silicon Valley Bank, Wells Fargo, and many more.

For more information about the event, the competition, or to purchase tickets, visit venturemadness.com.

Tags: Angel Investor, fund investor, investor events phoenix, pitch competition, pre-seed funding, series A funding, startup funding, venture capital, venture capital conference, Venture Madness VM25

SOURCE Venture Madness by Invest Southwest

Additional Strategic Investments from Genworth, Nationwide, and Edward Jones Help Drive Cutting-Edge Predictive AI

SAN FRANCISCO, Jan. 29, 2025 — Waterlily, which uses AI to predict long-term care (LTC) needs up to decades before they happen, today announced the closing of a $7 Million Seed round led byJohn Kim, founding partner of Brewer Lane Ventures. The company also secured strategic investments from Genworth, Nationwide, and Edward Jones. In addition, Waterlily welcomed participation from key industry leaders including Tim Kneeland (former CEO of GE Insurance & Transamerica LTC), and others. Waterlily previously raised a $2.2M Pre-Seed round with notable investors including Scott Barclay (Managing Director of Healthcare at Insight Partners.)

Waterlily uses AI to help a family plan for long-term care needs with predictions, while estimating the costs. The accuracy and specificity of Waterlily’s machine learning algorithms enable it to predict a user’s likelihood of needing long-term care, the age at which their needs will begin, how their needs will progress over what time period, and how many hours or months of care specific family members, professional caregivers, or care facilities will provide.

The platform provides an overall personalized care plan – analyzed against personal financial data, insurance coverage, and health care trends to protect family savings and make sure loved ones have what they need to afford the cost of long-term care. Waterlily is being used by financial advisors, insurance carriers, insurance distributors, and independent insurance agents to help their clients build better plans for their long-term care, and to motivate behavioral changes.

“Traditional financial planning tools have just not kept pace with the long-term care complexity and uncertainty out there,” said John Kim, Founding Partner at Brewer Lane Ventures. “Waterlily is addressing one of the single most critical gaps in financial security and is well-positioned to help millions of families needing better tools to manage the financial challenges of aging.”

Few people realize that health insurance and Medicare do not fully pay for long-term care. As a result, millions of Americans remain unprotected against the financial impact of long-term care. Waterlily’s AI model is based on a series of assumptions regarding specific healthcare costs, personal health history, and caregiving trends. This program takes that information and develops a tailored plan, not only projecting when care can be initiated but also estimating the probable cost of the interventions, considering existing insurance policies and other financial resources.

“The system for financial planning today for long-term care is reactive, not proactive,” said Lily Vittayarukskul, Waterlily CEO and Co-Founder. “Our application of AI makes the whole process seamless and more intuitive for families to know what they need to do today to secure their financial future and care needs tomorrow. This significant investment represents a belief in Waterlily’s ability to improve the financial well-being of millions of families.”

This round of financing will enable Waterlily to continue growing its platform, create more advanced AI-powered tools, and really ramp up its ability to create a suite of much more customized data-driven solutions for individuals, families, and financial planners. The company aims to close the gap in long-term care planning so the next generation can better stand the chance of dealing with rising costs of long-term care.

About Waterlily

Waterlily is a financial technology company founded by Lily Vittayarukskul and Evan Ehrenberg. It predicts a family’s future Long Term Care (LTC) needs and costs in retirement by analyzing over 500M data points using our AI modeling software. Since launching in March 2024, Waterlily has closed paid contracts with Prudential and other similarly sized carriers, Financial Independence Group, one of the largest LTC BGAs, and one of the largest LTC providers in the midwest. Waterlily has helped hundreds of families navigate long-term care planning while enabling wealth advisors and agents to close on millions of dollars of assets under management and policy and annuity premiums.

Media Contact: Ann Noder, [email protected], 480.263.1557. 

SOURCE Waterlily

Series A funding round led by Trilogy Equity Partners & Foundry Group to accelerate AI-driven conversion of mobile LiDAR scans into design-ready, detailed 3D models.

DENVER, Jan. 29, 2025 — Canvas, the leader in 3D measurement and modeling solutions for residential and light commercial spaces, today announced a $10M Series A funding round led by Trilogy Equity Partners & Foundry Group, with participation from Acquired Wisdom Fund, GC&H Investments, and Frontier VC. The funding will accelerate Canvas’s efforts to solve the complex challenge of turning mobile 3D scans into precise, design-ready models tailored for construction and remodeling workflows.

With over 15 years of experience and 20+ patents in 3D sensing and computer vision, Canvas’s AI-powered solutions help over 12,000 design and construction professionals save countless hours by eliminating manual measuring and as-built modeling. Instead, customers use an iPhone or iPad to scan interior spaces in minutes, receive an instant 3D digital twin, and Canvas converts the scan into the CAD/BIM format of their choice. This dramatically reduces errors, and the need for labor-intensive modeling – allowing professionals to focus on their craft.

“Canvas is solving a critical challenge in the design and construction industry: turning raw 3D scans into reliable, construction-grade models quickly and affordably,” said Canvas CEO Sarah Bird. “Our technology makes this process simple and accessible, enabling professionals to focus on what they do best. This investment is a powerful endorsement of our ambitious mission to create a digital twin of every interior, transform it into structured data and power the full lifecycle of each property.”

“We’re at a pivotal moment in 3D modeling, driven by AI and the growing accessibility of LiDAR in mobile devices. Canvas is uniquely positioned to deliver an end-to-end solution that turns the real world into structured data for digital workflows,” said Yuval Neeman of Trilogy Equity Partners. “Canvas is starting with the massive residential and light commercial markets, providing affordable solutions for professionals at all levels. The potential for future applications is enormous.”

With this investment, Canvas will recruit the world’s best researchers and engineers to push the boundaries of our proprietary AI-driven spatial data processing technology and reality capture. The company is also scaling its go-to-market team to bring Canvas’s groundbreaking solutions to design and construction professionals around the globe – unlocking new possibilities and transforming the way the industry works. Learn more at canvas.io or by following Canvas on Facebook, Instagram and LinkedIn: @ScannedWithCanvas.

About Canvas
Canvas is the leading 3D measurement and modeling technology solution for architecture, interior design and construction professionals. With 110+ million square feet modeled, Canvas uses the latest advancements in AI and mobile-device LiDAR technology to make property reality capture and analysis accessible for all – saving customers from hours of field measuring and as-built modeling. Learn more at canvas.io.

About Trilogy Equity Partners
Formed in 2006, Trilogy Equity Partners (https://trilogyequity.com/) is an early-stage venture capital firm based in Bellevue, Washington. Trilogy is your hardest working partner, backing ambitious founders from Seed to Scale. Trilogy leads early-stage rounds for enterprise and consumer software startups that are building in the areas of SaaS and applications as well as cloud native infrastructures and tooling for data and AI products, and takes a hands-on approach to helping entrepreneurs build extraordinary businesses over time. The firm’s roots include entrepreneurs and leaders of multinational, category-defining technology businesses.

Media:
[email protected]

SOURCE Canvas

New Fleet Management Software Platform Raises $5 Million in Seed Funding to Simplify Ongoing Auto Services

LOS ANGELES, Jan. 29, 2025 — Fleets are grappling with operational efficiency and profitability challenges such as fraud, overspending, and vehicle maintenance. Rynse, a new fleet management software for government and enterprise organizations, provides a powerful solution. By connecting fleet management with payment systems, Rynse offers an expansive network of vendors, streamlines procurement, saves time, and reduces fraud, enabling fleets to operate more efficiently.

Rynse has secured $5M in seed funding led by Autotech Ventures, with participation from returning investors Founder Collective and Correlation Ventures, along with new investor Connexa Capital. This funding will fuel Rynse’s strategic expansion and support key initiatives such as product development, marketing efforts, and operational scaling to meet growing demand.

Rynse, which started exclusively serving fleets in 2024, has secured contracts with government agencies across 10 states, including the State of Utah; Anne Arundel County, Maryland; Baltimore County, Maryland; Broward County, Florida; City of Cincinnati, City of Pasadena; City of Pittsburgh; City of Sacramento and Tennessee Department of Environment. In 2025, the company will expand into the private sector.

“Fleet operators and drivers want flexibility in terms of how they maintain their vehicles, but traditional contracting makes that difficult to achieve,” said Ivy Nguyen, principal at Autotech Ventures. “We believe Rynse is a game-changer for the industry because of its potential to deliver immediate value by helping fleets operate more efficiently and with greater transparency. “

How It Works

With its software and fleet-related services payment card, Rynse gives fleet managers and billing administrators more control and vendor and service options. The card offers fleet operators flexible spending controls and access to a nationwide network of car washes, preventative maintenance providers and fueling/charging locations, removing the constraints of relying on single vendors.

Complementing the payment card, Rynse’s advanced fleet management software automatically processes, digitizes and consolidates every transaction—eliminating the need for manual entry or reliance on integrations with expense management platforms. Fleets benefit from unified, timely invoices for all vendors, with transaction data seamlessly synced with Rynse’s system. The data is also formatted for easy uploading into existing fleet management systems.

“When we spoke with fleet operators, they highlighted major pain points with vendor procurement alongside excess time spent on administrative tasks,” said Roland Lau, CEO and co-founder of Rynse. “We set out to create a platform to reduce the administrative burden, offering unprecedented transparency into vehicle service to improve planning, security and compliance. On average, fleets using Rynse have reduced administrative time by an average of 20 hours a month.”

To further address fleets’ procurement challenges, particularly government, Rynse secured the highly competitive Sourcewell supplier award. This strategic cooperative purchasing program streamlines government procurement for state, local, and educational agencies, allowing Rynse to bypass traditional processes. Among major global automotive service providers, Rynse was the only provider to receive the award across multiple categories, including car washing, preventative maintenance and related garage services.

“Becoming a Sourcewell supplier has made Rynse an attractive partner for government fleets and has positioned the company for accelerated public sector growth. As an approved supplier, we can simplify the procurement process by addressing complex regulatory requirements, cutting lead times from months for local governments and years for state entities,” added Lau.

The State of Utah faced challenges establishing a car wash vendor network for its internal departments due to limited procurement resources and lengthy bidding processes. With an estimated 18-month timeline to find a solution, the state turned to Rynse. Within months, Utah gained access to an expanded car wash network and consolidated billing.

“As a Sourcewell recipient, Rynse solved a problem for us, quickly unlocking a broad network of trusted service providers across multiple locations throughout the state, saving our drivers time. This streamlined our entire procurement process, allowing us to service our fleet through one centralized system, reducing costs and saving significant administrative time,” said Cory Weeks, director of fleet operations for the State of Utah.

In 2025, Rynse will continue to grow its public sector footprint and build out its private sector customer base. It will also expand its nationwide network of preferred vendors. For more information about Rynse, visit www.gorynse.com or email [email protected]

SOURCE Rynse

D3 to modernize the domain industry through DomainFi by announcing the launch of Doma Protocol

LOS ANGELES, Jan. 29, 2025 — D3 Global, the DomainFi infrastructure leader, today announced the closing of a $25M Series A funding round led by Paradigm. The round was also joined by notable investors including Coinbase Ventures, Sandeep Nailwal, co-founder of Polygon Labs, Dharmesh Shah, the founder of HubSpot, and Richard Kirkendall, CEO of Namecheap, highlighting support from Web2 and Web3 leaders for DomainFi, a decentralized finance layer to accelerate the growth of domains as a $340B+ real-world asset class.

D3 is building the world’s first DomainFi network on the Doma Protocol, an innovative blockchain that transforms existing and future domains into a modern form of digital real estate. By announcing the launch of Doma Protocol, D3 aims to unlock new liquidity, innovation, and financial opportunities for the internet domain industry as well as major crypto communities. D3’s DomainFi network will offer participants substantial benefits such as asset appreciation, fractional ownership, domain-based lending, and enhanced digital identity and branding.

The Doma Protocol: Decentralized Infrastructure for DomainFi

Doma Protocol is the first-ever blockchain purpose-built for the Internet’s stakeholders and designed to meet ICANN’s stringent compliance requirements and industry standards. This ensures that the blockchain is fully compatible with the Internet’s Domain Name System (DNS) and can be easily integrated with domain industry tools and processes.

Doma also creates a futureproof bridge between the DNS and Web3 name systems, ensuring both domain state, as well as streamlined operations across registries, registrars, and crypto communities, are all mapped correctly on-chain. Doma abstracts underlying infrastructure complexities including ICANN compliance and other DNS-specific requirements within the domain value chain (renew, manage, transfer, etc.) allowing for tokenization of existing and future domains on a verified basis. Via verified tokenization, Doma enhances the composability, liquidity, and interoperability of domains, representing a paradigm shift in how domains are registered, traded, and utilized across both Web2 and Web3 ecosystems. Developers can request early access to Doma today at https://www.doma.xyz. 

Alongside Doma’s launch, D3 also unveiled a new DomainFi community at the company’s Dominion conference:

• Solana: D3 and Solana Foundation together are building infrastructure to bridge Web2 and Web3 domains on Solana‘s blockchain, further integrating Solana‘s vision to promote interoperable payment and identity solutions. This includes applying for the .SOL and .SOLANA Top-Level Domains (TLDs) and tokenizing traditional domains like .com, .xyz, and .ai.
• Avalanche: As a D3 partner, Avalanche plans to apply for and launch the .AVAX Top-Level Domain (TLD). As a flagship DomainFi partner, Avalanche will provide DeFi utility and liquidity for the $340B+ domain industry through its interoperable network and vast ecosystem of developers.
• OneFootball: Through a partnership with D3, OneFootball plans to use .football domains as the fan identity infrastructure for their worldwide community of over 180 million active monthly users.
• Plume: By integrating DomainFi as a new vault category with its newly-launched Nest Protocol, Plume will enable tokenized domains to generate institutional-grade yields and democratize access to traditionally restricted assets and opportunities.
• Hockey.com: DomainFi democratizes access to premium domains through fractional ownership of tokenized assets like Hockey.com while providing liquidity options for current owners.

“Internet domains have long been a valuable asset class,” said Fred Hsu, CEO and Co-Founder of D3. “And for the first time in nearly three decades, we have the opportunity to modernize and transform the technologies and processes currently used by the domain industry through the Doma Protocol. The DomainFi economy will usher in a new era of innovation and financial opportunity as every domain, community, and user comes on-chain.”

“Domains were the first digitally native asset class and are still one of the largest,” said Charlie Noyes, General Partner at Paradigm. “Bringing domains on-chain will make them more liquid and enable innovative new types of financial products, while giving crypto ecosystems like Solana access to names that work with the rest of the existing internet. The D3 team is uniquely suited to rebuilding domain infrastructure for the future of digital markets, and we’re excited to back them.”

Funds raised from this round will accelerate D3’s commitment to building the DomainFi economy, including technologies to expand domain functionality as composable assets and programs to onboard domain name system operators—such as registrars and registries—to utilize DomainFi for their operations. Through strategic partnerships within the traditional domain industry and top Web3 communities, D3 will pave the way for DomainFi to democratize digital asset ownership for over 5 billion connected Internet users, transforming the domain industry on a global scale.

About D3 Global

D3 Global is building the world’s first DomainFi network to tokenize 362M+ existing and future domains as real-world assets. D3 unlocks the financial potential of domains by building on Doma Protocol, a decentralized blockchain infrastructure that bridges traditional Internet domains (.com, .net, .ai, and .org) and future domain extensions from the Web3 world (.shib, .near, .core, and .ape). Backed by Paradigm, the D3 team consists of industry veterans with over three decades of collective experience, known for leading domain name monetization, internet protocols, and various TLD operations including .xyz, .inc, .tv, and .link. Learn more about D3 at https://www.d3.inc and Doma at https://www.doma.xyz.

Press Contact
[email protected]

SOURCE D3 Global