Republic Note (2023)
About this raise
Republic Note is raising funds on Republic. 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. The total Republic Note supply is 800 million, of which 330-350 million are circulating at launch. Kendrick Nguyen, Paul Menchov, and Peter Green founded Republic in 2016. The current crowdfunding campaign has a minimum target of $360,000 and a maximum target of $2.02 million. The campaign proceeds will be used for operating expenses.
Investment Overview
Invested : $2,020,811
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 04/10/2023
- Close Date
- 04/30/2023
$360,000
$2,020,811
$100
Revenue Share
RegCF
$0.36
Company & Team
Company
- Year Founded
- 2019
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Location
- New York, New York
- Company Website
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Team
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Company Funding & Growth
Funding history
| 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) |