Discover the latest trends in global monthly funding data, with a unique focus on companies’ domain name choices, in our monthly funding reports.

Overview

The funding landscape in July reflected a mix of ups and downs across different rounds, indicating the dynamic nature of the startup investment landscape. Compared to June, July’s funding landscape displayed some notable changes. Pre-seed funding experienced a decline from $58.21 million to $41.75 million, with the number of deals decreasing from 24 to 19. Seed Round funding also reduced from $1.14 billion to $947.14 million, with deals dropping from 189 to 167.

On the other hand, Series A funding increased from $1.96 billion to $2.51 billion, despite a slight decrease in deals from 106 to 101. Series B funding also rose from $2.79 billion to $1.75 billion, with deals decreasing from 71 to 49. Series C funding experienced a decline from $2.05 billion to $2.53 billion, with the number of deals dropping from 30 to 23. Series D funding decreased from $875.5 million to $723 million, with the number of deals reducing from 9 to 6. Series E funding remained stable at $65 million, with the number of deals staying at 1.

The total global venture funding in July was $13.25 billion across 466 deals, compared to $13.55 billion across 502 deals in June. 

By funds raised/ Total funding $13,250,231,843

By number of deals/Total number of deals 466

Diverse industries, such as chemical, manufacturing, agriculture, healthcare, fashion, cybersecurity, and renewable energy, are experiencing significant funding rounds, driving innovation and progress in their respective fields. Companies in these sectors leverage technology, sustainable practices, and consumer-focused solutions to secure their place in the rapidly evolving market landscape.

Namepicks

Hyperice

Hyperice, a prominent holistic high-performance wellness brand, has secured a strategic growth capital facility investment exceeding $100 million from Atlas Credit Partners. This substantial investment will further Hyperice’s mission of enhancing physical movement and improving the well-being of individuals worldwide. The funding comes after a year of remarkable innovation, during which Hyperice introduced five new award-winning products to its high-performance wellness technology lineup. 

Hyperice’s brand name, “Hyperice,” seems to reflect its dedication to empowering athletes to achieve peak performance and excel in their endeavours. With a focus on both the mind and body, Hyperice aims to equip athletes of all levels with the tools they need to perform at their best, on and off the field.  

The company’s investment in the exact brand match domain name Hyperice.com and evolution into a modern, high-performance wellness brand allows it to reach a wider audience and establish trust and credibility right from the start. Hyperice’s most recent campaign, “Do What You Love. More,” mirror this inclusive approach.

Our creative ambition takes on a fresh, energetic, and consumer-centric focus, with diverse content across dimensions of both sport and life. You’ll see our purpose not as a statement but truly in action, so whether you are competing for gold or simply navigating daily life, you’re a part of Team Hyperice.

Andrew Samson, VP of Marketing at Hyperice for Businesswire

SKIMS

After four successful years, SKIMS, the apparel company co-founded by Kim Kardashian, has achieved unicorn status multiple times. SKIMS raised an impressive $270 million in its latest funding round, pushing its valuation to a remarkable $4 billion, surpassing last year’s valuation of $3.2 billion. Initially known for its shapewear, SKIMS has diversified its offerings and now includes a wide range of clothing categories, from loungewear to swimwear. The company will also expand into men’s clothing this autumn, showcasing its continuous growth and adaptability in the fashion industry.

The brand was initially planned to be named Kimono. Still, after a plea from the city of Kyoto and many posts calling the name cultural appropriation, Kardashian dropped that name in favour of SKIMS. The company secured the domain name SKIMS.com and Kimono.com was redirecting to it for quite some time and was later put for sale.  

Musinsa

In July, Musinsa, a Seoul-based fashion marketplace, secured $190 million in Series C funding, led by KKR, with participation from Wellington Management. This funding round boosted the post-money valuation from its previous $2 billion in 2021, when the startup received a $115 million Series B round from Sequoia Capital and IMM Investment. Musinsa has now raised approximately $330 million since its inception in 2001. With this latest financing, Musinsa aims to expand its online and offline business further, venture into international markets, bolster its workforce, and explore acquisitions to diversify its product offerings. In its pursuit of growth and diversity, Musinsa previously acquired women’s wear online shopping platforms 29CM and Styleshare for $265 million in 2021. The company currently boasts a workforce of 1,300 employees.

Musinsa traces its roots back to 2001 when founder Cho Man-ho introduced an internet community dedicated to sharing sneaker photos. The name “Musinsa” is derived from a Korean phrase signifying “inexhaustible shoe photos.”

In 2012, Musinsa officially transformed into an e-commerce platform, standing out from other fashion startups by leveraging its well-established online following. The Whoxy data shows that the exact brand match domain name Musinsa.com was acquired in 2015; before it, the company got hold of Musinsa.net. 

Septerna

Septerna, a pioneering biotech firm focused on harnessing the vast drug discovery potential in G protein-coupled receptors (GPCRs) for many diseases, recently closed a successful $150 million Series B financing round. The funding will play a crucial role in furthering the development of the company’s innovative product portfolio, particularly in advancing its lead program aimed at the parathyroid hormone one receptor (PTH1R) to clinical proof-of-mechanism. The investment will further support the preclinical advancement of Septerna’s program targeting the thyroid stimulating hormone receptor (TSHR) and other promising earlier-stage assets in its pipeline.

The ownership of the exact brand match domain Septerna.com complements the thoughtful and meaningful brand name chosen by the company. The term “Septerna” holds a personal story behind it, as it cleverly combines “Sept,” the prefix for seven, representing the number of times GPCRs span the cell membrane, and “terna,” which symbolizes the model for how these receptors function, known as the ternary complex, co-developed by the company’s co-founder, Lefkowitz, and his colleagues approximately 40 years ago.

Modifi

Founded in 2018, Modifi operates across 11 global locations, including prominent cities like Amsterdam, New York, and Singapore, connecting over 1,500 buyers and sellers from more than 50 countries. The Amsterdam-based cross-border business payments firm recently secured a substantial $100 million debt facility from HSBC Innovation Banking UK, aiming to propel its expansion efforts and enhance its operational outreach. Spearheaded by CEO Nelson Holzner, Modifi is a pivotal platform for international business transactions, enabling exporters and importers to conduct cross-border trade efficiently. Its innovative digital platform ensures swift supplier payments and allows buyers to defer payments for up to 180 days, effectively streamlining international business transactions.

Modifi’s name originates from its purpose – to modify how international business payments are conducted. Interestingly, the concept of modifying words can also be applied to acquiring exact brand match domains. Just as Modifi has strategically shaped its name to reflect its mission, companies often modify or adapt words to create unique and memorable brand names that resonate with their objectives. Acquiring EBM domains, like Modifi.com, ensures a stronger online presence, as the domain directly mirrors the company’s identity.

Highlights

Out of 466 companies analysed, the overwhelming majority of 319 chose to invest in the .com extension, indicating its continued dominance as the most popular and trusted domain name choice for businesses.

.ai is the second preferred choice with 29 companies operating on this extension, followed by .io with 21 entries. While .io and .ai domains may be less expensive and easier to obtain than some other popular extensions, they may not be as widely recognized by potential customers and may not convey the same level of credibility.

12 companies chose the .co extension, which is the country code top-level domain (ccTLD) for Colombia, but it is also commonly used by companies and individuals as an alternative to the more well-known .com extension.

9 companies went with the unique .xyz domain, while 76 chose other extensions, indicating a diverse range of choices.

237 companies secured exact brand match domain names for their brand presence online. Having an exact brand match domain name is a great approach to building trust and credibility online, which are essential for making lasting connections with customers and gaining an edge over the competition.

24 companies used a domain name with a dash in it, which is generally considered a less desirable option as it can make the domain name harder to remember and lead to confusion.

While we make every effort to ensure the data on our site is accurate, complete, and up-to-date, we cannot guarantee its reliability. Our data is provided for informational purposes only and should not be relied upon as legal, financial, or other advice. We strongly recommend that you independently verify any information before relying on it.

Other resources

• Monthly Funding Report: June 2023 Funded Startups and Their Domain Name Choices
• Maximising Your Domain Name Strategy: The Benefits of Premium Domain Names for SMEs
• 5 Most Common Ways to Get Your Domain Name Strategy Wrong
• Austine Esezobor: Unveiling Brand Search Optimization, Corroboration, Knowledge Graphs and Domain Consistency

Whether you’re a small business owner or a large corporation, a premium domain name can help boost your brand and increase your online presence. If you’re ready to take the next step, contact us to learn more about our premium domain name options and how they can benefit your business.

2023 branding business domain name domain names domains funding july naming startup