Republic Note (2023)
About this raise
Republic Note is raising funds on Republic through Reg D 506(c) raise. It is Republic’s own digital currency used as a profit-sharing instrument with the investors. Republic Note has a finite supply and gives the investors a share in the profit when selected Republic portfolio companies succeed. Whenever a company in which Republic has invested makes an exit, a portion of the cash proceeds accrues to Republic Notes and distributions are made to the note holders when the accrual reaches $2 million. Jonathan Knipper and Kendrick Nguyen founded Republic Note in March 2019. The current crowdfunding campaign has a maximum target of $600,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Deal Terms
- Platform
- Republic
- Start Date
- 01/31/2023
- Close Date
- 02/28/2023
$1,000
$600,000
$1,000
Revenue Share
RegD 506(c)
$0.12
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
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Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/22/2024 | Republic | - | - | Equity - Common | Funded | RegCF |
| 11/02/2023 | Republic | - | $824,522 | Revenue Share | Funded | RegD 506(c) |
| 04/30/2023 | Republic | - | $2,020,811 | Revenue Share | Funded | RegCF |
| 02/28/2023 | Republic | - | $3,000,000 | Revenue Share | Funded | RegCF |
| 02/28/2023 | Republic | - | - | Revenue Share | Funded | RegD 506(c) |