Ember Fund | Investor Update
Hi Republic Family,
As you may already know, we closed a $5.3 million seed round towards the end of March from Uncorrelated Ventures, Anthos Capital, Brian Dilley (ex-CTO of TikTok/Blockfolio) and Calm Ventures. These are some of the same early backers of Honey ($4B exit to Paypal), Headspace, Compound, MakerDao, UMA, Cosmos, dYdX and more.
It has been quite the journey since our first raise with you, and we would not be here if it weren’t for your early contribution and continued support. Thank you for sticking with us in our journey to bring institutional grade financial products to everyday investors.
In the coming months, we are excited to announce that we will be raising another round through Republic. The capital from this raise will help us continue scaling.
If you would like to help us have another successful round, feel free to share your experience with Ember Fund on the Apple Store or Play Store. This will help new users and investors understand what Ember is all about. You can leave a review here.
Once you've posted your review, send us a screenshot and your Bitcoin wallet address! We are more than happy to send you $20 worth of BTC as a thank you.
Also, our new proposed valuation means that your initial investment has gone up 20-30x . Please note that this is paper value for the moment, but will convert to stock should there be a liquidity event in the future.
Thank you for joining us in building the future of decentralized finance.
Cheers,
Alex
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