At Republic, we're committed to closing the funding gap to help underrepresented founders secure capital for their businesses. In fact, over 40% of investments made on Republic have gone to women-led startups.
That's why we are thrilled to announce that Republic is acquiring SheWorx, the prominent global platform and event series that empowers 20,000+ female entrepreneurs to build and scale successful companies.
Over the last four years, SheWorx has organized 300+ events and has successfully helped women raise over $50M in cumulative funding. Republic’s crowdfunding investor base has funneled over $17M into 100+ startups while our institutional/accredited investor base has deployed $150M+ since 2018.* This new partnership will allow female entrepreneurs to access SheWorx’s internationally recognized events and receive all of Republic’s platform benefits, including access to regulated crowdfunding and our VC arm, Republic Labs.
While women receive less than 2.2% of VC funding, women actually outperform men by 30% in crowdfunding, largely due to its community-oriented nature and the ability of non-accredited investors to invest as little as $10. With the SheWorx partnership, Republic is creating an even more robust system by increasing the accessibility of equity crowdfunding to an pre-existing community of female entrepreneurs.
SheWorx events will continue in NYC and SF. Upcoming SheWorx events include:
- July 24, San Francisco: SheWorx SF Breakfast Roundtable: Stephanie Palmeri, Partner, Uncork Capital
- August 7, New York: SheWorx NYC Breakfast Roundtable: Meredith Finn, Partner, March Capital
“We are very excited to bring the SheWorx community of 20K+ female entrepreneurs into the Republic family and begin giving women a more democratic way to access capital,” said Kendrick Nguyen, Founder and CEO of Republic.
To celebrate, we are launching the SheWorx Equity Crowdfunding Challenge to provide three selected female founders with comprehensive hands-on training and resources to launch their full investment campaign. Applications will be accepted starting today and will continue through August 15, 2019. The Challenge is subject to terms and conditions.
* Republic crowdfunding activities are conducted by OpenDeal Portal LLC, institutional/accredited investments are conducted by Republic Maximal LLC dba Republic Labs, a wholly owned subsidiary of OpenDeal Inc., and affiliate of OpenDeal Portal LLC.