Republic, a NYC-based investment platform, held the initial closing of its $36M Series A funding.
The round was led by Galaxy Interactive with participation by Tribe Capital, Motley Fool Ventures, and Broadhaven Ventures. In addition, Prosus Ventures (formerly Naspers Ventures) made a strategic investment in Republic through a purchase of Republic Notes, a novel digital security.
Founded in 2016 and led by CEO Kendrick Nguyen, Republic is an investment platform that provides access to startup, real estate, crypto, and gaming investments for both retail and accredited investors. Republic has over 1 million members, who to date have invested more than $300 million in offerings under Regulation Crowdfunding (Reg CF), Reg A and Reg D.
Republic has recently expanded its reach into new markets through strategic acquisitions, including Fig, a video game publisher backed by Spark Capital and Greycroft, Compound, a real estate investment platform backed by NEA, and NextSeed, a crowdfunding platform for local businesses. Earlier this month, the company announced that it is expanding its crypto offerings and will be hosting digital asset sales on the platform, allowing blockchain projects to sell native digital assets to both U.S. and non-U.S. participants.