Total amount raised
$214 Millions
Latest funding date
12/1/2021
Location
Republic has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform offers investment opportunities in startups, real estate, and cryptocurrency.
Keep reading to explore the intricacies of Republic's fundraising journey and the investors backing this innovative platform.
What Is Republic?
Republic, founded in 2016 by Kendrick Nguyen, Léo Galley, Paul Menchov, and Peter Green, is headquartered in New York, New York. The company operates as a crowdfunding platform, offering investment opportunities in startups, real estate, and cryptocurrency.
With a workforce of 501-1000 employees, Republic has grown significantly since its inception. The platform merges private market assets with web3 technologies, enabling a diverse range of investment options for its users.
Republic's mission is to democratize investing, making it accessible to a broader audience. The platform supports ventures across various sectors, providing both investors and businesses with innovative financial solutions.
How Much Funding Has Republic Raised?
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: Good Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial capital for platform development.
- Initial Coin Offering
- Amount Raised: $12M
- Date: June 2018
- Lead Investors: YZi Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into the cryptocurrency market.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing platform enhancements.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Initial Coin Offering
- Amount Raised: $16M
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop blockchain-based investment products.
- Series A
- Amount Raised: $36M
- Date: March 2021
- Lead Investors: Galaxy Interactive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and user base.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational expenses and support growth.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform innovation and expansion.
- Series B
- Amount Raised: $150M
- Date: October 2021
- Lead Investors: Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand geographically and develop new investment products.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and growth plans.
Total amount raised: $214M. Current valuation: Not publicly disclosed.
Key Investors
- Valor Equity Partners
- Details: Valor Equity Partners is a leading growth-focused private equity firm. They have a history of investing in high-growth companies across various sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Tesla, SpaceX, GoPuff.
- Galaxy Interactive
- Details: Galaxy Interactive is a division of Galaxy Digital, focusing on interactive content and technology investments. They are known for their strategic investments in the digital and interactive sectors.
- Investment Focus Areas: Interactive content, social media, technology.
- Notable Investments: Mythical Games, Genvid Technologies, Bad Robot Games.
- Motley Fool Ventures
- Details: Motley Fool Ventures is the venture capital arm of The Motley Fool, a financial and investment advisory company. They focus on early-stage companies with high growth potential.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: AppHarvest, Truebill, Grove Collaborative.
- CoinFund
- Details: CoinFund is a blockchain-focused investment firm. They specialize in early-stage investments in blockchain and cryptocurrency projects.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized finance.
- Notable Investments: Rarible, Balancer, Dapper Labs.
- Good Growth Capital
- Details: Good Growth Capital is an early-stage venture capital firm. They focus on investing in transformative technologies and high-impact startups.
- Investment Focus Areas: Technology, healthcare, environmental sustainability.
- Notable Investments: Proterra, Catalant Technologies, 6 River Systems.
What's Next for Republic?
Republic stands at the cusp of significant growth, driven by opportunities in geographic expansion and the development of new investment products. With a $150 million Series B funding round led by Valor Equity Partners, the company is well-positioned to enhance its multi-asset retail investment platform and blockchain consultancy services. The focus on metaverses and NFTs through Republic Realm also opens new avenues for growth.
Future fundraising appears promising, given the strong backing from high-profile investors. However, Republic may face challenges such as navigating regulatory environments in new markets and managing the complexities of blockchain and cryptocurrency investments. Despite these hurdles, the company's innovative approach and strategic investments suggest a bright future ahead.
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