StockMarketWire.com - Domain name owner Minds + Machines Group said that as at the end of July early-stage businesses using its '.work' domain name had received $168m in initial or growth funding.

The funding increase made '.work' the most investment-supported new Internet top-level domain for start-ups in the current year, based on an analysis of data provided by crunchbase.com.

The data showed that 288 companies in 107 new domain-name extensions had received $1.05bn in start-up funding

Sine it was launched in 2015, Minds + Machines said it had seen registrations in '.work' nearly quadruple over the last 12 months to around 420k.

Sites running on '.work' included Amazon.work, which was used as an employee portal.

'We are witnessing a major shift in sentiment amongst new-start enterprises and underlying investors towards new Internet top-level domain extensions,;' chief executive Toby Hall said.

'The support by the investment community of businesses using new Internet top-level domain endings augurs well for our entire portfolio, not just .work.'


At 9:46am: [LON:MMX] Minds Machines Group Ltd share price was -0.05p at 8.4p



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