What is the Deal Room? The Deal Room is a private investment platform that provides exclusive access to opportunities pursuant to Regulation D. The Deal Room is a part of the Republic platform, operated by Republic Core LLC and is only open to accredited investors. The Deal Room provides access to opportunities facilitated by Republic-affiliated companies, OpenDeal Broker LLC, a FINRA-member broker dealer, Republic Deal Room Advisor LLC, an exempt-reporting investment adviser and Republic Core LLC.
Previously investment opportunities on the Deal Room platform have been backed by top-tier venture capital firms such as Sequoia, Founders Fund, and Andreessen Horowitz. These investment opportunities are often in later stages of funding from Series B to Series D, and some have already raised significant capital from venture capital firms. Past opportunities are in no way a guarantee or indicative of future opportunities.
What type of opportunities are on the Deal Room platform? Private security offerings in companies that are raising capital through a Regulation D registration exemption are available on the Deal Room platform. These offerings are only open to accredited investors when accessed through the Deal Room. You can read more about Reg D here.
Reg D 506(b) and 506(c): Reg D allows companies to generally raise an unlimited amount of capital from accredited investors. The two types of Reg D offerings offered on the Deal Room platform are 506(b) and 506(c):
506(b) - These are private offerings that can only be shared with investors who Republic or the issuer has a pre-existing substantive relationship with. All investors will be required to self-verify to ensure the investor is accredited.
506(c) - These are public offerings that can be shared and advertised to anyone. All investors need to verify their status as an accredited investor by providing substantive documentation.