MoFo Advises Republic in $36M Series A Financing

MoFo advised Republic, a private investing platform for investors seeking high growth potential, in raising $36 million from investors including Galaxy Digital, Broadhaven Ventures, and Prosus NV.

Based in New York, Republic allows non-accredited investors to get in on the startup ground floor with as little as $10, and has grown by four times in the past year based on investment through its platform. The money raised in this round will help Republic build a system for small investors to sell their stakes sooner than the eight to 10 years it usually takes for startups to return money.

The MoFo deal team was led by San Francisco Emerging Companies + Venture Capital partner Brad Kondracki, with support from San Francisco Emerging Companies + Venture Capital partner Murray Indick, Boston Technology Transactions partner Matt Karlyn, Boston Technology Transactions associate Mai Zymaris, Palo Alto Privacy + Data Security of counsel Vincent Schroder, San Francisco Corporate associate Hunter Moss, and San Francisco senior paralegal Eileen Kang.