Republic has posted its 2023 “Annual Report,” and according to the company, it has raised $2.6 billion since inception. This is inclusive of Seedrs, a UK-based investment crowdfunding provider that Republic acquired in 2021. While this is confusing when compared to the £2.7 billion promoted on the Seeders home page (total investments recorded on Seedrs?), this still makes Republic and its subsidiaries one of the largest crowdfunding platforms in the world.
Republic reports a community of over 3 million individuals from 150+ different countries.
Republic has morphed from a platform to fund early-stage ventures into a diverse ecosystem of funding and investment opportunities, including a significant presence in the “Web3” or blockchain space. Republic also offers a private deal room for sophisticated investors, as well as offerings in Real Estate, Gaming, and more. Republic also promotes its European exposure and the ability for issuers to raise money on a transatlantic basis under new ECSPR or European Crowdfunding Service Provider Regulations.
Its Republic Note, a digital asset, is an opportunity for investors to participate in capital gains from issuers that raised on the platform. The market cap of Republic Note now stands at $133 million and is tradable on INX, a digital marketplace in which Republic has ownership.
What is not included in the Annual Report is Republic’s financial performance – is it generating net income? Or a big loss? This information is not disclosed As well, there is no indication as to how portfolio companies are performing for investors (on a vintage basis). This is a key metric that should be public for all investment crowdfunding platforms – and something Seedrs has published in the past.
