NEW YORK, Nov. 5, 2019 /PRNewswire/ -- Republic, the
leading private investing platform, today announced the winners of
its first SheWorx Equity Crowdfunding Challenge. Acquired by
Republic in June, SheWorx is the prominent global
platform and event series empowering 20,000+ female entrepreneurs
to build and scale successful companies.
While female founders receive less than 2.2% of venture capital
funding, they actually outperform men by 30% in crowdfunding,
largely due to its community-oriented nature. Republic held the
SheWorx Equity Crowdfunding Challenge to provide selected female
founders from the SheWorx community with comprehensive hands-on
training and resources to launch their investment campaign.
As part of the challenge, four New
York-based founders were selected as winners for their
promising startups. Winners will also receive access to Republic's
network of investors, partners, and VIP events. The winners
include:
- Caroll Lee, Provenance
Meals – organic prepared meal delivery for busy people
- Rebecca Lima, The
Lieu – feminine care subscription service for workplaces
- Roxane Mollicchi, Wandering Barman – bottled
cocktails handcrafted in Brooklyn
- Rechelle Balanzat, Juliette* – premium laundry and dry
cleaning
The judging panel included prominent industry leaders who
reviewed nearly 100 entries. Esteemed judges included SheWorx
Founder and Former CEO Lisa Wang;
IfWeRanTheWorld and MakeLoveNotPorn Founder Cindy Gallup; Crunchbase News Head of Strategic
Research and Content Gené Teare; and Inc. Editor-At-Large Kimberly
Weisul.
"We were overwhelmed by the amount of interest in the first
SheWorx Equity Crowdfunding Challenge," said Bianca Caban, SheWorx CEO and Republic's Head of
Partnerships. "These four female founders have built impressive
businesses and we're honored to reward and support them on their
Republic investment campaigns. This marks the first batch of
winners for what will become a biannual challenge."
The winners will have the opportunity to pitch this week at
Founders + Funders NYC, a one-day conference in New York on November
8 that dives into the world of startups, fundraising, and
investing for female and other underrepresented founders. The event
gathers, educates, and builds community for women and
underrepresented founders, investors, and allies.
To participate in these crowdfunding campaigns, visit
www.republic.co. The next SheWorx Equity Crowdfunding Challenge and
selection of the second SheWorx Fundraising Batch will commence in
early 2020.
* Juliette does not have a campaign live at this time. If
they choose to conduct a campaign in the next calendar year, they
will receive the same benefits as the other winners.
About Republic
Founded in 2016, Republic operates a
family of businesses, including an investment platform that
provides retail investors around the world with compliant access to
curated startups and blockchain projects. Republic operates under
U.S. equity crowdfunding regulations and is under the supervision
of the U.S. Securities and Exchange Commission and the U.S.
Financial Industry Regulatory Authority. Entrepreneurs
accepted onto Republic's platform receive access to its
crowdfunding investor base that has funneled over $28M into 100+ startups. Its
institutional/accredited investor base has deployed $150M+ since
2018. With the SheWorx acquisition, Republic is creating an even
more robust system by increasing the accessibility of equity
crowdfunding to an already existing female entrepreneurial
community. To date, 40% of all investments on Republic have gone
towards female founded startups.
For additional information, please visit: www.republic.co,
@joinrepublic and www.facebook.com/joinrepublic.
Media Contact:
Brooks Wallace
Brooks@hollywoodagency.com
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SOURCE Republic