The Republic Times
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The Republic Times

Winning over VC

Announcing our $36M Series A to fund the next chapter in expanding investment access

In January and February of 2020, Republic’s ecosystem facilitated 22 deals that raised $4.3 million. In January and February of 2021, Republic’s ecosystem facilitated 48 deals that raised $17.45 million. In the first 2.5 months of this year, we have launched more deals than in all of 2019.

Republic is growing. It’s time to expand and build out our capacity to serve founders and investors.

Today, we’re announcing that we have completed the initial closing of our $36 million Series A financing from strategic investors who share our values. The round was led by Galaxy Interactive, with participation by Tribe Capital, Motley Fool Ventures, Sahil Lavingia, and Broadhaven Ventures. We also recently received a strategic investment from Prosus Ventures (formerly Naspers Ventures) who are backing the Republic Note project.

These firms are positioned to provide Republic’s community with access to high-quality deals and drive investment towards the founders building the next-generation of household brands. They share our vision of empowering individuals to invest in a future they believe in. Here’s why:

Galaxy Interactive’s Richard Kim believes that we are “at the early stages of a multi-decade super-cycle of retail empowerment,” and that Republic’s innovative drive is key to realizing that empowerment in private markets.

Michael Sidgmore of Broadhaven thinks that Republic is the on-ramp for investors into private markets, the “Charles Schwab for the next century.” Like the discount brokerage that grew into a $6.9AUM giant, we are helping more people access an investment landscape that they’d previously been shut out of.

Motley Fool Ventures’s mission of championing the individual investor aligns with ours. MFV grew out of the venerable Motley Fool investment advice website, which focuses on giving individual investors the knowledge and tools they needed to break free of mutual funds and invest on their own.

Prosus Ventures (formerly Naspers) focuses on early investing in businesses that target big societal challenges. They’re supporting us in enabling underestimated entrepreneurs bypass systemic gatekeepers by backing the Republic Note.

Since 2016, Republic’s parent company and its subsidiaries have raised more than $70 million to fund our mission of democratizing access to sought-after investment opportunities. In order to provide opportunities in real estate, small business, and video game investment, we’ve acquired, respectively, Compound, NextSeed, and Fig. We are expanding our crypto offering capabilities and plan on hosting digital asset sales, so that U.S. and non-U.S. investors can invest in the next generation of native digital assets.

All our growth and fundraising are in the service of one idea: that opportunities should not be limited to small, closed networks of investors, that everyone should be able to invest in the future they believe in. But if you’re reading this, you already knew that. Thank you for being with us as we start a new chapter in our journey.

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Republic gives people the power to invest in the future they believe in. Invest in startups, real estate, blockchain, video games, and more. www.republic.co