NYC-based investment startup Republic announced this week it closed on a $150 million Series B. It also appears to be in the midst of a hiring spree, with dozens of open tech positions available now.
Republic describes itself as a “family of companies,” with several arms that focus on specific areas of private investing, including real estate, startups, blockchain and tokenization. In fact, the company has two investment funds dedicated to crypto projects, as well as a digital investment arm that focuses exclusively on metaverses and NFTs.
To date, Republic’s constellation of products and services has facilitated more than $700 million in investments for its one million international users. Its private capital division alone has nearly $1 billion in assets under management.
This latest investment comes just seven months after Republic closed on its $36 million Series A, and brings its total funding raised to $214 million. Valor Equity Partners led the round, with participation from returning investors like Galaxy Interactive and Tribe Capital, along with a bevy of Wall Street staples — perhaps an indication that the larger finance world is embracing crypto investing.
Republic said it received backing from overseas investors, too, signaling that it plans to expand abroad soon. In addition to the geographic expansion, the fresh funding will be used to develop new products as the company continues to scale into what CEO Kendrick Nguyen hopes will be a “household brand.”
“We are deeply grateful to have Valor Equity Partners lead our Series B financing,” Nguyen said in a statement. “Republic stands alone at the intersection of blockchain technology, retail investing, and traditional capital markets. In this position, there is no better partner than Valor to work side-by-side with us in this next phase of growth.”
