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Q3 2024 Portfolio Report
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We're back with the Q3 2024 Republic Note portfolio update. This report covers portfolio dynamics, the latest on the dividend pool status, and key updates from across Republic's global divisions.
Dividend pool
Q3 2024
|
dividend pool Total
$1,680,00+
|
growth in q3 2024
+58.9%
|
84.2% towards the first distribution 
| |
While our Q2 update highlighted crossing significant dividend pool milestones, the momentum hasn't slowed. Both Portal and Capital divisions have continued contributing new revenues, pushing our total to above $1.68M in Q3.
Q3 dividend pool contributions:
| Portfolio company | Industry & Division | Amount |
|---|---|---|
 Avalanche |
+$565,467 |
|
 Oasys |
+$41,429 |
|
 LMNT |
+$4,487 |
|
 Powertrucks USA |
+$1,721 |
State of portfolio
Q3 2024
|
Total assets*
1,015 +30
|
Total invested, lifetime**
$806,871,146
|
| business arm | allocation | total invested |
asset count |
|---|---|---|---|
| R/Portal | $223,395,591 | 502 |
|
| R/Capital | $516,937,442 |
263 |
|
| R/Europe | £33,447,696 |
174 |
|
| R/Ventures | $23,962,124 | 76 |
Portfolio additions
| Portfolio company | Industry & Division | Amount |
|---|---|---|
 Get On Board |
$64,100 |
|
 Hydro Wind Energy |
$687,102 |
|
 Zoop |
$132,346 |
|
 LUUM |
$561,140 |
|
 Open City |
$200,000 |
|
 Phoenix Boring |
$96,000 |
|
 Fusion Coolant |
$225,350 |
|
 The Coconut Cult |
$352,940 |
|
 Vahan AI |
$300,000 |
|
 Small Door |
$200,000 |
|
 Journey Clinical |
$100,000 |
|
 Agant |
£235,600 |
|
 allplants |
£65,876 |
|
 Artscapy |
£75,290 |
|
 Beans Coffee Club |
£38,654 |
|
 CarCloud |
£144,721 |
|
 ClearWatt |
£191,605 |
|
 COAT Paints
|
£316,893 |
|
 Crua Outdoors |
£114,953 |
|
 Female Invest |
£883,780 |
|
 Fеtch |
£17,436 |
|
 Freckl |
£111,931 |
|
 Fussy |
£251,347 |
|
 JimJams |
£90,997 |
|
 Launched |
£91,175 |
|
 Mirror Margarita |
£137,898 |
|
 MishiPay |
£148,647 |
|
 Much Better Adventures |
£186,654 |
|
 Shorts Boy Distillery |
£102,062 |
|
 Snakehive |
£62,443. |
|
 Solent Automation |
£112,857 |
|
 Speakspots |
£176,433 |
|
 Spirits of Virtue |
£79,199 |
|
 Stir Cambridge |
£181,760 |
|
 Superbutler |
£123,697 |
|
 Tala Thrive |
£104,765 |
|
 The Deli Society |
£25,452 |
|
 Vinterior |
£279,613 |
|
 Wavepiston |
£277,633 |
|
 Whitebox Cocktails |
£153,253 |
|
 Wowzabox |
£83,622 |
Portfolio deductions
| type | count |
|---|---|
| Liquidation | 3 |
| Write-off | 12 |
Featured additions
Pressman Film
In September, we’ve launched Republic Film, opening the doors for retail investors to own a piece of Hollywood. The news were covered by reputable outlets like Bloomberg, LA Times, Decrypt and others.
In its first week, Pressman Film raised over $500,000 smashing their initial target. With funds from this campaign Pressman Film is aiming to fund 6 productions involving its existing intellectual property as well as new stories. Given the raise involves development, investors may be able to recoup their investment with a premium as soon as a film goes into production.
Next time Republic investors see credits roll, they might just spot their own investment at work.
Since this deal closed on November 23, 2024, it's not counted in our Q3 asset total.
CYBR
A global leader in AI-driven cybersecurity, delivering protection against hackers and ransomware to keep businesses secure. The company has been profitable since day one, and has an extensive pipeline for multi year contracts.
Adept Materials
Adept Materials is an advanced materials company working to increase the durability, comfort, and energy efficiency of buildings. Adept’s patented technology advances moisture, humidity, and thermal management.
In Q3, they announced a $4M seed round, led by DR Horton and Pulte Group, two of North America’s largest homebuilders.
Currensea
Currensea is the UK’s first Direct Debit Travel Card, which connects directly to users’ existing bank accounts but eliminates the banks' charges abroad.
The company had smashed its £1.7M crowdfunding target, reinforcing its position in the FinTech space back in July 2024.
Peaks
A Dutch fintech platform that makes investing easy, accessible and fun. And investors agree - they blew past their £1M target to raise £1.3M+ from over 2,000 backers.
That’s a wrap for our Q3 portfolio update.
Question for our Note holders: what would you add or remove to make these updates more valuable for you? Let us know in the comments below.
*Total assets include holdings across Republic's 4 divisions: Portal, Capital, Ventures, and Europe. Only two business arms of Republic are contractually obligated to contribute to the Note — Republic US Funding Portal and Republic Capital, while others may contribute case-by-case basis.
** Total amounts represent aggregate capital raised across Republic Portal and Republic Europe, plus investments made through Republic Capital and Republic Ventures. Republic Europe contributions of £33,447,696.85 were converted to USD at 1.2763 exchange rate.
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