Investment round upsized due to demand
Dear Linen investors,
Last month we launched the Republic campaign to augment our venture capital fundraises with community raises and bring in new stakeholders — users of Linen App and Linen community members. We had not anticipated that our Republic campaign would sell out in less than 5 days. This forced us to place some investors on the waiting list.
The Republic campaign cap is increased now and we have reallocated amounts reserved for VC investors to our community. In other words, we are upsizing our community raise on Republic and downsizing the private investment allocation to allow for greater community participation in this financing round.
Please reconfirm your early bird investment within 5 days, otherwise it will be canceled. New investments will be accepted at a higher valuation cap.
Welcome aboard!
Vitaly, CEO and co-founder