We’re so excited to announce the Republic Note hit its target thanks to over $11 million in Reg D subscriptions as well as over $5 million in reservations of interest by non-accredited investors. We are grateful to the record 10,000+ participants from more than 100 countries who made this such a success.
In fact, we were so oversubscribed with Reg D subscriptions and reservations of interest that more than 1,000 people were added to the waitlists. All this means you helped make the Republic Note the most successful offering in Republic's history!
The Republic Note boosts our mission to democratize access to private investing. After seeing Republic grow into a leading private investment platform with more than 700,000 members, we believed people were ready for a new digital security tied to our overall success. That’s what this is all about: the Republic Note profit-sharing token pays out when startups and private equities that raise with Republic get acquired or go public. The overwhelming response from our community and beyond has proven our thesis right, and we couldn’t be more thrilled about the future of private investing as a result.
Our mission to make venture capital accessible to all is important because most people are currently locked out of private markets altogether -- as many as 9 out of 10 U.S. households. We are changing all that. The Republic ecosystem has already facilitated more than $100 million in investments since 2019 and now.
To those on the waitlist or otherwise unable to subscribe, stay tuned for more updates on the Republic Note and ways you can participate in the Republic ecosystem.
Thank you again for being part of the Republic family. This is the start of something big.