Donuts or Donuts Inc. is a start-up company that was created to apply and run new generic top-level domains (gTLDs) as made possible by ICANN's gTLD expansion program; it was co-founded by Paul Stahura, Jonathon Nevett, Richard Tindal, and Daniel Schindler. In April 2011, the company was in stealth mode and raising capital; based on the company's filing with the Securities and Exchange Commission (SEC), Donuts raised $1 million equity financing.<ref>Former Demand Media exec Paul Stahura emerges at stealthy Donuts Inc., Geekwire.com. Published 30 April 2011. Retrieved 28 November 2012.</ref> Since then it has submitted 307 gTLD applications and secured an initial investment of $100 million in financing, and a subsequent round of an undisclosed amount though apparently it "almost doubles" its reserves. The second round of funding was earmarked specifically for gTLD auctions to resolve its 158 contention sets.<ref>Donuts Gets Another 100million Funding, DomainIncite.com Published & Retrieved April 9 2013</ref> The company's headquarters is located in Bellevue, Washington.
In September 2012, Donuts was ranked #14 in The Wall Street Journal's Top 50 Start-Ups for 2012. It was also the newest start-up on the list.<ref>Looking for the 'Next Big Thing'? Ranking the Top 50 Start-Ups, Online.WSJ.com. Published September 2012.</ref>
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