Republic Note
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 investors a share of 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 282 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 $1 and a maximum target of $230,000. The issuer does not expect any significant proceeds from the offering; hence, there is no use for proceeds.
Investment Overview
Deal Terms
- Platform
- Republic
- Start Date
- 08/02/2024
- Close Date
- 08/22/2024
$230,000
$0
Equity - Common
RegCF
$0.01
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) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.