Republic, a top investment crowdfunding platform, has booked a record month according to an email from the company. Republic is a full-stack investment marketplace offering securities under the various US exemptions along with crypto offerings. Republic reports that during the month of April, the platform raised $46.6 million for 89 different securities offerings under Reg CF, Reg A+, Reg D, and Reg S.
The Cere token offering was a stand-out issuer raising $26 million in minutes (while frustrating investors who could not access the offering).
Republic adds that Fig’s Intellivision Amico offering closed with over $11.8 million in investments. Fig is Republic’s game funding vertical that has effectively leveraged the Reg A+ securities exemption.
Additionally, Republic reports that 24,259 investment commitments were made by 16,864 investors and 56 offerings closed after successfully hitting their goal.
Of note is the fact that during the month of March both Reg CF and Reg A+ received some improvements enacted by the Securities and Exchange Commission. Following an extensive review, the SEC raised the funding cap on Reg CF from $1.07 million to $5 million. Reg A+ jumped to $75 million from $50 million. These changes, along with other improvements, should help create a sustainable industry for online capital formation – as exemplified by Republic’s stellar month.
