Republic (website)
Type of site | Crowdfunding, Startups, Investments |
|---|---|
| Available in | English |
| Owner | OpenDeal Portal LLC |
| Website | republic |
| Commercial | Yes |
| Launched | 2016 in New York, NY |
Republic is a U.S. website that lets investors to invest in startups. Founded in 2016,[1] the platform features vetted startups raising venture capital, allowing users to invest into companies on the private market through equity crowdfunding.
Republic’s model was enabled after the passing of the Jumpstart Our Business Startups Act (or JOBS Act) in 2012.[2]
History[edit]
Republic[edit]
Republic was founded in 2016 after receiving funding and support from AngelList.[3] The company launched their first Crowd SAFE campaign the same year, crowdfunding several companies at first after vetting them through compliant due diligence processes. Over 150 companies have since been funded on the Republic platform,[4] with 35% of investments going to female founders, 43% to immigrant founders, and 25% to minority founders. [5]
In 2019, Republic worked with rapper and entrepreneur Chamillionaire to launch a competition that would help fund a minority-founded startup.[6]
Relationship with AngelList[edit]
Republic is often misattributed as a subsidiary of AngelList. AngelList was Republic's first major investor, and many AngelList employees went on to work at Republic. Both companies operate separately from one another[7]
See also[edit]
References[edit]
- ↑ Henry, Zoe (September 12, 2018). "Why a Group of AngelList and Uber Expats Launched This New Crowdfunding Website". Inc.com. Retrieved 2019-08-14.
- ↑ "Republic CEO explains how to find early investing opportunities". CNBC. Retrieved 2020-01-21.
- ↑ Henry, Zoe (September 12, 2018). "Why a Group of AngelList and Uber Expats Launched This New Crowdfunding Website". Inc.com. Retrieved 2019-08-14.
- ↑ "Reg CF 3 Year Anniversary: Republic Reports on Progress & Change as a Leading Crowdfunding Platform". Crowdfund Insider. Retrieved 2019-08-15.
- ↑ Matos, Alana (March 29, 2018). "Meet The Team Making It Easy For You To Invest In Startups". Inc.com. Retrieved 2020-01-21.
- ↑ Gomez, Brandon (November 11, 2019). "Grammy winning rapper Chamillionaire launches $100,000 competition for minority-founded start-ups". CNBC.com. Retrieved 2020-01-21.
- ↑ "AngelList spinoff startup Republic raises $12 million to tokenize startup investing". TechStartups. Retrieved 2019-08-15.
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