The Republic venture arm is in talks to raise $700 million for two new funds. The funds include a flagship venture fund and a dedicated cryptocurrencies fund.
20% of the venture fund's capital will be set aside for investments in cryptocurrencies, with the other 80% going to equity investments. The fund will focus on later-stage protocols.
Republic Capital has invested in over 100 companies. It was involved in Indian web3 startup CoinDCX and led an investment in Flipside, a data analytics tool for protocols that rewards users for completing queries.
According to its website, Republic has been helping projects raise money in compliance with regulated securities offerings. In October of last year, Republic's CEO said that the company could build a compliance-focused secondary marketplace for digital securities.
Projects that have raised capital from investors through its platform include DeFi protocol Ratio Finance. Republic spun out its investment division, Republic Realm, as a separate company called Everyrealm in February.
Republic raised $150 million in a Series B funding round. The company said it had raised over $20 million in a token sale.
Republic didn't reply to the requests for comment.
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