The Republic Note sale has surpassed its initial $8 million target. As of July 19, more than $10 million in total direct investment and reservations of interest into the Republic Note have been made by more than 6,000 participants. The Republic Note offering is the most successful offering in Republic’s history.
Republic is a leading private investment platform with more than 700,000 members, and was founded with the mission to democratize access to private investing. The Republic Note profit-sharing token, created by Republic Core, the technology hub of the Republic ecosystem, will allow investors to earn proceeds when startups and private equities that raise with Republic get acquired or go public. Due to the exceptionally high demand, the offering cap has been increased to a total maximum of $16 million for both direct investments and reservations of interest.
Republic has facilitated more than $150 million in investments into 200+ startups and private equities. The best VC firms, family offices, and high net worth individuals invest in Republic-supported companies, such as Sequoia, Andreessen Horowitz, Union Square Ventures, Founders Fund, Kleiner Perkins, and Pantera. The Republic ecosystem has already raised more than $10 million for the Republic Note from leaders in blockchain and cryptocurrency such as Binance Labs, the Algorand Foundation, Blockchain.com Ventures, ZhenFund, Passport Capital, Yuobi Capital, SNZ and many more.
Commenting on the successful campaign, Kendrick Nguyen, Co-Founder of Republic said “We are delighted with the public response and record demand for Republic Note. Republic Note is the first digital security of its kind that will reshape the future of private investing. This brings us one step closer to our mission to make venture capital accessible for all.”