Republic, a leading Reg CF funding portal and investment community, has circulated an email providing some end of year perspective.
In the three years of operation, Republic has captured over 400,000 people in their community. Now that does not mean these are all investors but that is a pretty solid number.
This year alone, Republic has successfully funded 76 companies with seven of these startups hitting the Reg CF funding cap ($1M to $1.07 million). Since platform launch, Republic has funded more than 110,000 companies.
Currently, there are 36 issuers live and the number of live offerings has been accelerating.
One company, Nanno became the first female-founded startup to hit the $1 million max amount. Republic is quick to point out that female founders have a bigger presence on Republic than in the elite VC world — with 44% of funds going to female founders vs. the 13% industry average. “… we expect more female- and minority-founded startups to hit this milestone in the near future,” reports Republic. To add, there have been several other reports indicating female founders do better in the crowdfunding realm.
Overall during 2019, Republic averaged $574,000 per funding round on a successful campaign.
Other points note: Republic, which operates a crypto vertical, offered a first-ever crypto Airdrop for the Note token.
There is also an issuer doing a “sharedrop” – a security, obviously. Linen App is a banking and investing app that provides retail investors with an alternative to bonds and peer-to-peer loans. Linen App claims a 4.8% APY on cash parked with the platform – a rate of return significantly higher than any bank we know of.
And if you are interested, to help celebrate its three years of operation (as of July 2016), Republic is giving away some swag. All you have to do is hand over your email address, name, and tell them what you think about their email newsletter. If you are not signed up you can access it here and be entered into the drawing.
