Ember Fund · Ember Fund | Investor Update

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Hi Republic Family, As you may already know, we closed a $5.3 million seed round towards the end of March from Uncorrelated Ventures, Anthos Capital, Brian Dilley (ex-CTO of TikTok/Blockfolio) and Calm Ventures. These are some of the same early backers of Honey ($4B exit to Paypal), Headspace, Compound, MakerDao, UMA, Cosmos, dYdX and more. It has been quite the journey since our first raise with you, and we would not be here if it weren’t for your early contribution and continued support. Thank you for sticking with us in our journey to bring institutional grade financial products to everyday investors. In the coming months, we are excited to announce that we will be raising another round through Republic. The capital from this raise will help us continue scaling. If you would like to help us have another successful round, feel free to share your experience with Ember Fund on the Apple Store or Play Store. This will help new users and investors understand what Ember is all about. You can leave a review <a href="https://emberfund.onelink.me/ljTI/a4dd4f94" target="_blank" rel="nofollow">here</a>. Once you've posted your review, send us a screenshot and your Bitcoin wallet address! We are more than happy to send you $20 worth of BTC as a thank you. Also, our new proposed valuation means that your initial investment has gone up 20-30x . Please note that this is paper value for the moment, but will convert to stock should there be a liquidity event in the future. Thank you for joining us in building the future of decentralized finance.Cheers,Alex IMPORTANT: With regard to communications by an issuer on the Site to gauge interest in a potential securities offering pursuant to the Regulation CF exemption from the registration requirements of the Securities Act, including opportunities to “reserve” securities as indications of interest in the potential offering, please note that pursuant to Regulation Crowdfunding Rule 206 (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through a registered intermediary’s platform, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the Form C is filed, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.

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Jun 23

2021

Ember Fund | Investor Update

Hi Republic Family,

As you may already know, we closed a $5.3 million seed round towards the end of March from Uncorrelated Ventures, Anthos Capital, Brian Dilley (ex-CTO of TikTok/Blockfolio) and Calm Ventures. These are some of the same early backers of Honey ($4B exit to Paypal), Headspace, Compound, MakerDao, UMA, Cosmos, dYdX and more.

It has been quite the journey since our first raise with you, and we would not be here if it weren’t for your early contribution and continued support. Thank you for sticking with us in our journey to bring institutional grade financial products to everyday investors.

In the coming months, we are excited to announce that we will be raising another round through Republic. The capital from this raise will help us continue scaling.

If you would like to help us have another successful round, feel free to share your experience with Ember Fund on the Apple Store or Play Store. This will help new users and investors understand what Ember is all about. You can leave a review here.

Once you've posted your review, send us a screenshot and your Bitcoin wallet address! We are more than happy to send you $20 worth of BTC as a thank you.

Also, our new proposed valuation means that your initial investment has gone up 20-30x . Please note that this is paper value for the moment, but will convert to stock should there be a liquidity event in the future.

Thank you for joining us in building the future of decentralized finance.

Cheers,

Alex

IMPORTANT: With regard to communications by an issuer on the Site to gauge interest in a potential securities offering pursuant to the Regulation CF exemption from the registration requirements of the Securities Act, including opportunities to “reserve” securities as indications of interest in the potential offering, please note that pursuant to Regulation Crowdfunding Rule 206 (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through a registered intermediary’s platform, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the Form C is filed, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.

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7 months ago

Any updates Alex? Been over 4 years since the last update!

1 like Reply

@jeff-park Alex recently posted on his LinkedIn page that Ember now has 3 million users.

1 year ago

When do we get some sort of return on our investment through Republic? Or was this just a scheme?

2 years ago

Hello Alex, When are we going to get an update it has been 2 years? I get a monthly email however the investors would like the financial status of the company. Thank you in advance for reading.

2 likes Reply

4 years ago

Hi Alex! Happy and Healthy New Year! I've been meaning to shout out to you, and will also on the App stores, how amazing Ember has become!

I always felt it was innovative and unique approach, in bringing institutional-type crypto products for retail investors to consider-as all of these were new to me when I first invested in the Ember campaign.

As I've tried dozens of exchanges, apps, etc. I recently logged in to the current app after way too long of a time away for me, and it is Brilliant!! So far advanced compared to most....ill try to come up with a better way to explain my amazement on public forums though, but I needed to take this opportunity, even if sound stsr-struck or something along those lines!!

Bravo, Alex and team!!

That is great and thanks for the update!
Looking forward to the New year ahead for your company and positivity throughout!

0 Like Reply

almost 5 years ago

Hello Alex,

Thank you so much for your excellent updates. In regards to where you say “your initial investment has gone up 20-30x”, I invested back in early January of last year. Is the “initial investment” in reference to the round of funding that took place during that time? Please try to get back to me if possible and again thank you.

Hi Alex,

Thanks for the update. I just thought about this - will our Crowd SAFE would be converted into equity soon, assuming that the $5.3m seed round valuation exceeded our previous cap?

Kind regards,
Kai

@kai-huang , I was going to ask that same question because most Safes convert after million dollar round. Alex Wang can you PLEASE answer his question thank you.

@mario-teel-jr Great question. This was also done on a SAFE so it will not. We're aiming to raise a series A at some point, so it will convert once we have a priced round. Hope this helps!

When do you expect to go public?

5 years ago

I added an Ember review to the Apple App Store in late June. Mailed screen shots to team@republic.co Jun 25 but the team wrote back to me today and asked that I make a note here as well. Any update on when I can expect to receive my BTC? Thanks guys.

great stuff Alex!!

how mush BTC am I able to obtain free from Ember Fund BTC Mining Rewards ?

Awesome!! Love, love this!!!
😳😳😍😍💪💪🤑🤑🚀🚀
Sounds great, thanks Alex!
It is always great to get these amazing updates! 🤑

Awesome news.

Excellent update, thank you

Great stuff Alex! I am glad to be an early investor in such a revolutionary company, concept, and platform. Also, I have a quick question? How do we access the investor perks? I want to start mining bitcoin!

@john-maggio Please email support@emberfund.io thanks for the early support!