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Republic Capital Multi-stage venture firm
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Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Annual Report

2021

2021

Milestones

$800M

Capital deployed

by investors on the Republic platform and funds advised by Republic Capital

600+

Companies funded

30+

Crypto projects advised

1.5M

Like-minded community members

$1B+

Assets under management

by Republic Capital*

5 new ways

New ways to invest in culture, litigation, crypto, real estate, and local businesses.

Shaping the future of the private markets

Republic’s mission today is the same as it was when we launched six years ago — to make fundraising and investing in the private markets accessible. 

In 2021, we took a few giant leaps forward in realizing that mission.

We crossed $800M in funds deployed for over 600 companies.

We closed our $36M Series A and our $150M Series B led by Galaxy Digital and Valor Equity Partners, respectively.

We announced our plans to acquire Seedrs, the leading UK retail investment platform.

We welcomed four experienced operational leaders to the management team ranks. 

This is just the beginning

We’re here because you decided to build the future of the private markets with us.

Our steps were only made possible because of you, our community, and the thousands of decisions you made through the year with us. From the coffee shop that launched a campaign to let their customers invest, to the angel investor who invested in their first pre-IPO company, to the blockchain project that minted and distributed tokens to their community. Thank you.

Republic is known for our public-facing retail investment platform, but Republic’s family of companies is divided into three divisions — Republic Retail, Republic Capital and Republic Crypto.

Republic Capital focuses on offering growth-stage investment opportunities for high net worth investors. Republic Crypto operates a blockchain incubator and fund for top crypto projects. Together, the three lines of business work synergistically to increase access and wholly redefine what fundraising and investing look like in the private markets.

Republic Capital

Republic Capital is a growth-stage investment advisory focused on profitability and resiliency.

We select investments based on business fundamentals with a focus on unit economics and resilient revenue.

Portfolio companies
98

Portfolio success includes IPOs, acquisitions, and distributions

In assets under management as of 01.01.2022
$1 Billion

This year was record breaking for venture investing

Global venture funding reached new highs. Prior to 2021, global funding had not reached over $100 billion in a single quarter. In 2021, every quarter reached over $100B. 

Global funding in 2021
$640+ Billion
Global funding in 2020
$334 Billion

Growth in 2021

Investment metrics

$396 million capital raised in 2021
379% growth from 2020 to 2021

Portfolio metrics

~$1B in assets under management
62 new single asset investments and 2 multi-asset funds

Team Metrics

Team growth has tripled in size
*as of 11/30/21

Highlights from this year

The following examples are closed deals, highlighted for educational purposes. Republic Capital’s full portfolio is available upon request.

Avalanche

Republic Capital teamed up with Republic Crypto to co-lead the large ecosystem round for L1 protocol Avalanche. Since investing, the protocol has seen enormous traction  with developers, which has resulted in a surge in protocol value.

Axiom Space

Earlier this year Republic Capital closed in a round to invest in Axiom Space. Axiom is building the first private commercial space station and our investment represents hundreds of billions of dollars in potential revenue. In February of next year, history will be made when a crew of private astronauts launch on a mission (Ax-1) to the International Space Station made possible by Axiom.

Where Republic Capital 
is headed

Sectors we’re focused on

Deep Tech

Deep tech companies have the potential to impact the world as fundamentally as the Internet did and are leading the fourth wave of innovation.

Deep Tech is starting to become much more visible and impactful to a wider audience. We can expect breakthroughs becoming much more tangible, and directly solving global social and business challenges.

Enterprise Modernization

Enterprises must modernize with better tools and automation. Adoption of cloud computing, maturation of machine learning, and improvements in internet infrastructure will continue driving enterprise innovation and therefore investment opportunity.

FinTech

While some areas of fintech are maturing other areas—such as DeFI and autonomous finance—have just begun their growth. There also remains low digital penetration (<10%) in sub-verticals like mortgages, insurance, and brokerages.

DeFi/Web 3.0

Digital assets are driving innovation in Web 3.0 that’s set to transform the world economy. Disruptive crypto- and blockchain-based technologies are intersecting with advancements in AI and AR/VR  to build Web 3.0 architecture. 

Republic Capital refers to Republic Capital Adviser LLC, an SEC-registered investment advisor.*

Republic Crypto

Republic Crypto is a full-stack solution for launching digital assets through consulting, token design and minting, capital formation consultancy, and issuance solutions. 

They provide technical, financing, distribution, and liquidity services to the top 1-2% of new crypto projects.

Advisory clients
30+
Token ecosystems created
25
Unicorn projects
6

Our clients

Star Atlas

Star Atlas is a virtual gaming metaverse based in the year 2620 with the combination of traditional core game and blockchain mechanics.

Chingari

Chingari is the TikTok of India with 80M downloads and a new social token that will empower creators to build communities with viewers and fans, built on Solana.

Cere

CERE created the first blockchain-based data warehouse solution called a Decentralized Data Cloud, and is spearheading blockchain adoption with ongoing Fortune 1000 integrations.

Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

Voyager

Voyager is a cryptocurrency broker that facilitates trading across more than a dozen of the top cryptocurrency exchanges through their proprietary technology and app.

Monkey Ball

Monkey Ball is a quick, turn-based, Play-to-Earn, arcade, soccer game offering a high-production-value gaming experience.

Major Wins

Cere

Republic Crypto worked closely with the Cere Network to build their token economics and launch their public offering on the Republic platform. Cere Network launched in April 2021 and sold out their $26M token offering in under 1 hour.

Star Atlas

The gaming company worked with Republic Crypto to build their whitepaper, token economics, and community engagement. 

What we’ve built 

Republic Crypto must remain at the tip of the spear to maintain our cutting-edge advantage.

The Advisory

Tokenization

Treasury Management

Token offering

The future of Crypto

What we’re building

Institutional Treasury Management

Blockchain infrastructure

Community management

A unique token sale platform

Republic Crypto refers to Republic Crypto LLC dba Republic Advisory Services. Certain activities were conducted by affiliate, Republic Core LLC

Republic Retail

2021 Snapshot

Investments
$212M
2021 investment volume
+441%
Growth from 2020
Deals
226
2021 deals launched
+62%
Growth from 2020

2021 Major Milestones

A year of industry firsts and innovation led us to some exciting places

Investing in culture

We hosted the first music investing opportunity through regulation crowdfunding with a song by Lil Pump that had 859 investors and sold out in 2 hours.

First $5M industry raise

On March 15th, 2021, a change in regulation took effect that allowed companies to raise $5M from the previous $1M limit. Gumroad was the first company in history to hit this milestone and raised the $5M in just under 12 hours.

Local Investing

Investors can support local businesses, can earn potential cash payments through unique revenue-share models or debt instruments.

Deal Room

Accredited only Deal Room platform launched publicly in March 2021. Companies raised have co-investors like Sequoia Capital, 8VC, Lerer Hippeau, 10X Capital, Founders Fund, and Gaingels. The Deal Room has since hosted 20+ deals for accredited investors, and is on track to rapidly increase pace in Q1 2022.

Litigation Finance

Created to provide litigants with capital from unrelated third parties to fund a lawsuit. In exchange, the investors receive a return of a portion of any financial recovery.  

Major Token Offerings

2021 brought in major token offerings from Cere, which sold out in under an hour, and Chingari, the social token from India’s TikTok platform.

Community Rounds

In 2021, communities came together to fund the founders, ideas, and businesses they wanted to see in the world. 

Gumroad

The first $5M Reg CF raise in history. Sahil Lavinga brought his community to raise the full $5M in just 12 short hours, with a maximum investment check of $1,000, allowing over 7k+ community members to participate. 

Maven

The cohort-based online course company, led by the co-founders of Udemy and altMBA, Gagan Biyani and Wes Kao, brought their community to fund their next project. Maven raised $700k+ through 479 investors. 

Customer.io

The marketing automation platform that 2600+ businesses use to engage and retain customers brought in over 2,500 investors to their $5M round. Many of their community cited, “I invested because I believe in the product,” as their reason for investing. 

Bobbie

The infant formula company committed to changing the conversation around feeding, wanted to involve their community to run a small round. Bobbie’s community raised almost $250k in a matter of days with over 400 investors. 

Bucket List

The Bucket List family is a travel influencer family on social media with an entrepreneurial edge that is creating a studio to reinvent cartoons. They brought in almost 30,000 individual community members to fund their $3M round. It was the largest number of investors in a single Republic campaign in history. 

Backstage

The investment adviser focused on people of color, women and LGBTQ+ founders, was created by Arlan Hamilton. Her community invested because they believed in the mission of supporting underrepresented communities. 4,700+ investors put almost $5M behind Arlan and her mission. 

Portfolio payouts

2021 brought investor payouts from…

Trusst

Annualized
102% return

On April 16th, 2021, Trusst closed a round of investing from 347 Republic investors. Just two months later, Trusst was acquired by K Health and investors saw an annualized return of 102% on their original investment. 

K Health acquired Trusst to expand their comprehensive mental health program to include on-demand, text-based therapy. Almost 350 investors who believed in that mission and saw potential in Trusst woke up to a return on their investment after just two months.

Boeing Ave Real Estate

6 months
27% return

189 investors backed a residential fix-and-flip project near LA’s tech hub and six months later had a 27% return. 

Backers watched on social media over 6 months while the house was fixed, flipped, and eventually sold for 20% more than the initial projection. 

Ring4

In May 2021, Ring4 investors were paid back their principal after the company underwent an asset sale.

Reg A+ gaining momentum

Investment opportunities offered through Reg A+ have been a key growth driver in 2021.

The above deals are either closed, live, or testing the waters. Facilitated by OpenDeal Portal LLC

Fig Portfolio Shares

Robot Cache

Realm Metaverse

Cityfunds

Sugarfina

More to come in 2022

The Venture Partner Program

Republic’s global network of mission-driven venture investors and leaders.

VPs by the numbers:
200+ partners
40 cities
10 countries
Who are they?

66%

VCs and accelerators

27%

Ecosystem builders

7%

Founders

Diverse partners support diverse founders:

40%

of VPs are Black & Latinx

46%

of VPs are Women

VP-referred companies led by least one founder who is:

42%

Black & Latinx founders

31%

Women founders

Where we’re headed in 2022

An outlook for the future

More ways to invest in Culture, Local, Crypto, Startups, and more

International opportunities

Investor education programs

Sharedrops

Community programs

Secondaries

Portfolio services

Republic Retail refers to OpenDeal Portal LLC dba Republic, an SEC-registered crowdfunding portal, OpenDeal Broker LLC, an SEC-registered broker dealer, Republic Core LLC, Republic Deal Room Advisor LLC, an exempt reporting investment adviser, Fig Publishing Inc., and Republic Realm Inc. and its subsidiaries. 

Crowdfunding investments can result in total loss, and may be impossible to resell. Read about risks.

Republic Core LLC ("Core") provides technology and support services to OpenDeal Inc. and its affiliates (collectively, the "Republic Ecosystem"). Republic Note holders and as well as users of the site and services maintained by the Republic Ecosystem, regardless of and their activities on or relating to the Republic Ecosystem, are subject to the applicable terms of service, in their entirety. Core cannot give investment advice, analysis or recommendations with respect to any securities, and is not a registered broker-dealer, funding portal or investment adviser. Securities offerings displayed by Core may be facilitated by its affiliates in the Republic Ecosystem, OpenDeal Portal LLC d/b/a Republic, or OpenDeal Broker LLC d/b/a The CapitalR, Republic Capital Adviser LLC, Republic Deal Room Advisor LLC, Fig Publishing, Inc. or by a third-party issuer. This email is intended only for accredited investors with a pre-existing relationship with the Republic Ecosystem. Please notify the sender immediately if you have received this email by mistake, then delete it. Private investments are risky and illiquid, never invest more than you can afford to lose, consult with your trusted advisors and do your own diligence before investing.

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed; they do not constitute legal or investment advice. Please notify the sender immediately if you have received this e-mail by mistake, then delete it. 

*All data as of January 4, 2022. ​​This update is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any fund, investment or strategy. If such offer is made, it will only be made by means of an offering memorandum as it may be amended, supplemented or restated from time to time (the “Offering Memorandum”), which would contain material information (including certain risks of investing in such fund) not contained in this document and which would supersede and which would qualify in its entirety the information set forth in this document. Any decision to invest in a fund should be made after reviewing the Offering Memorandum of the fund, conducting such investigations as the investor deems necessary and consulting the investor’s own legal, accounting and tax advisers in order to make an independent determination of the suitability and consequences of an investment in the fund. Certain information contained in this overview constitutes forward-looking statements, which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual results or performance of the Fund may differ materially from the results or performance reflected or contemplated in such forward-looking statements. The forward-looking statements contained herein are made as of December 20, 2021, and Republic Capital does not assume the obligation to update any such forward-looking statements. Past performance is not necessarily indicative of future results. Any investments discussed herein have been compiled on an objective non-performance based criteria and do not represent all of the securities purchased, sold, or recommended by Republic Capital Adviser LLC. Additional information about Republic Capital’s investments can be provided upon request.

This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by Republic Core LLC (“Republic Core”) or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates. Republic Core is compensated fiat and Republic Advisory Services is  typically compensated by its clients in either or both of fiat and/or tokens. Neither Republic Core nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by clients. This web page may contain external links to third-party content (content hosted on sites unaffiliated with Republic Core or Republic Advisory Services), and neither Republic Core nor Republic Advisory Services nor any of their affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between Republic Core or Republic Advisory Services (or any of its affiliates) and any third-party. Republic Core and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as "Republic"). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers.

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