Republic, the largest investment crowdfunding company in the world, has revealed a partnership with niche crowdfunding platform RedCrow.
RedCrow is an online investment platform that invests in early-stage healthcare firms. It is part of Alira Health, a healthcare consulting firm.
Details of the relationship were not revealed, but currently, it appears as a cross-promotional partnership.
Emily Pollack, Deputy Managing Director of US Marketplace of Republic, said the company is pleased to offer healthcare investment opportunities to its investors.
“Healthcare is a sector ripe with innovation and potential, and through this partnership, we aim to empower investors to participate in this transformative industry.”
Red Crow Crowd Inc. benefits from Alira Health Transaction Services, which is a FINRA-regulated broker-dealer. According to the RedCrow website, the company enables securities offerings under Reg CF and Reg D. It is commonplace for smaller firms to pursue a “side by side” Reg CF – Reg D offering as Reg CF can solicit funds from non-accredited investors up to $5 million, and Reg D can raise an unlimited amount of funds but only from Accredited Investors. Currently, there are two securities offerings live on the platform.
Oncoheroes Biosciences is raising growth capital using Reg D 506c, and Neurosom is using Reg CF to fund its sleep therapy product.
RedCrow outlines its mission:
“From life-saving products to cutting-edge technology, healthcare innovation RedCrow is focused on removing fundraising obstacles for innovative products that have the potential to improve the quality of healthcare delivery. We help founders tell their story to more people, find the right investors, and partner for long-term success.”
Republic calls the partnership a “pivotal moment in the democratization of healthcare capital raising.”
By listing securities offerings on Republic, the RedCrow issuers may benefit from expanding its reach.
Dan Pastore, Partner at Alira Health, said:
“Partnering with Republic dramatically bolsters our mission to help early-stage companies receive the critical funding required to advance their innovative solutions.”
Republic adds they anticipate a diverse range of healthcare-focused issuers in the coming months.
Republic has expanded its portfolio of funding opportunities over the years either via acquisition or partnership. Its purchase of Seedrs in the UK, a crowdfunding platform serving all of Europe, established Republic as the largest online investment platform for private securities in the world.
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