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Magmode sells premium domain names, such as magmode.com, listed at USD 4,950 for a one-time payment.
Buyers negotiate and pay on the online platform for a one-time fee per domain, with buyer protection programs. Founded in 2015 and operating in Beijing, China, the company is at the Series C stage. It has closed six deals, the latest on August 10, 2018, and raised USD 30 mn in Series C funding led by IDG Capital, with Cathay Capital participating.
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