Carnegie Fund invests $3 million in domain industry company

It has been reported that the Carnegie Fund, a fund supported by the Australian Government through the Innovation Investment Fund (IIF) program has invested $3 million in Winged Media.

According to Domain Name Wire, Carnegie Fund provided the investment on the strength of websites such as Protrada operated by Winged Media.

Protrada provides aggregation of domain name auction platforms including Sedo and Godaddy.

This investment highlights the value of the Australian domain industry, which has continued to break records in investment over the past 12 months.