What is Wrapp?
Wrapp operates within the digital services sector, focusing on domain-related solutions. The company's offerings encompass domain parking, DNS management, IT security, monitoring, domain law, and hosting services. Established to cater to businesses seeking robust online presence management, Wrapp provides expertise in securing and managing domain names. Their services are particularly aimed at clients who require specialized knowledge in navigating the complexities of domain law and ensuring reliable hosting solutions. The company's commitment lies in delivering dependable services that empower businesses to establish and maintain a strong digital footprint, with a notable emphasis on supporting clients in the Nordic markets.
How much funding has Wrapp raised?
Wrapp has raised a total of $20M across 2 funding rounds:
Series A
$5M
Series B
$15M
Series A (2012): $5M with participation from Atomico and Greylock Partners
Series B (2013): $15M led by Creandum, American Express, Greylock Partners, Atomico, and Qualcomm Ventures
Key Investors in Wrapp
Creandum
Creandum is a prominent European venture capital firm known for backing successful technology companies like Spotify and Klarna. They focus on supporting early-stage European tech ventures with significant growth potential.
American Express
American Express is a global financial services company providing payment solutions and travel services. Their investment likely signals a strategic interest in Wrapp's digital infrastructure and potential integration with payment ecosystems.
Greylock Partners
83North (formerly Greylock Partners) is a global venture capital firm that invests in category-leading companies across various stages. Their involvement suggests a belief in Wrapp's potential for significant market disruption and scaling.
What's next for Wrapp?
The substantial enterprise-level funding indicates Wrapp is likely in a scaling phase, aiming to expand its market reach and enhance its service portfolio. The strategic nature of the recent investment suggests a focus on synergistic growth, potentially involving partnerships or acquisitions that align with its core domain services. Future developments may include advancements in IT security protocols, broader hosting capabilities, and potentially exploring new geographical markets beyond its current focus. The company's trajectory points towards solidifying its position as a key player in domain management and related digital infrastructure services.
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