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. 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. 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.