Republic is one of the most known and credited crowdfunding platforms in North America with over 2.5M members and $1.5 billion raised. Here are some things to know if you are thinking about raising on Republic.
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Platform Fees
- 6% cash, 2% Crowdsafe
- Only pay if you successfully reach the minimum funding goal
Industry
- Focused in Tech/ Crypto (Web 3.0) Sectors
- Fintech and Enterprise modernization
Requirements
- You need to have good standing and capital
- Require either 2 years of reviewed or audited financials
- Looking for traction (e.g. $100k committed) and strategy
- If pre-revenue they look at user base – 15k-20k list
Success & Sizing
- Over $800M in funds deployed for over 600 companies.
- 1.5 Million members
- ~19 % market share in 2022 in Reg CF raises
Raises
- Skybound: Currently raising over $11.5M USD – $500M valuation
- The company behind The Walking Dead and Invincible
- Gumroad: Raised $5M in 12 hours of listing – $100M valuation cap
- 18.21 Drinks: Raised over $275K – cannabis infused beverages
General Notes
- 5 Month runway to launch with only a 60 day campaign duration
- Only accepts 2% of companies, lots of DD
- Avg raise is $500k
