Distributed acquired Distributed.com before £8 million funding round

Company moved from matching .co domain name.

the word "domain upgrade" on a red backgrounder, black arrow pointing upward inside a circle

The COVID-19 pandemic has accelerated the popularity of global workforces and remote employment. That shift has brought about a change in the way that some companies operate, including challenging the often-held belief that a local team is the best team.

One London company states its aim is “reinventing work and challenging the assumption that a local team equals the best team.” Aptly named Distributed, the company offers a global team of freelance developers that can be deployed, scaled up, or scaled down to suit the needs of a client. It has attracted some high-profile clients, including BBC, MasterCard, and BP.

Founded in 2017, Distributed secured £30 million ($36.5 million) in funding from telecommunications company BT earlier this year. It has now followed it up with an £8 million ($9.6 million) venture funding round.

Between these two funding rounds, Distributed acquired its exact-match .com, Distributed.com.

For the company, it marks a significant upgrade from its original domain, Distributed.co.

According to Whois history, Distributed acquired Distributed.com in early June 2022 when the domain moved from a privacy-protected Namecheap account to Netim, the preferred registrar for Distributed.

Distributed is a common and popular term within the Web3 industry, so it’s no surprise to see that before Distributed.com moved into the hands of the London-based company, the domain hosted a blockchain news site that had its own associated conference.

It was owned and operated by BTC Media, a company with multiple media outlets based predominantly on Bitcoin. It’s unclear whether BTC Media sold Distributed.com to Distributed.

Distributed is the latest of a string of companies that have chosen to upgrade from a .co domain to a .com. Alloy, Kernel, and Grove have all made the move from .co to .com in the past couple of years.

Post link: Distributed acquired Distributed.com before £8 million funding round

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