Linen App on Republic

Earn yield on your cash

Raise to date: $16,756

Reporting Date: 04/05/2020

Key Stats

Minimum Raise

$1,000

Maximum Raise

$300,000

Likelihood of Max Unlikely
Start Date

12/05/2019

Stop Date

04/29/2020

Days Remaining

21

Security Type

SAFE

Investment Minimum

$0

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

3,980

% of Minimum Raised

1,676%

% of Maximum Raised

6%

Dollars Per Day to Reach Max

$13,488

DPD* Committed

$137

DPD* Category

$0

DPD* All Companies

$911

Kingscrowd Momentum

$16,756

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Linen App, with a valuation cap of $19.8 million, is distributing Rewards (SAFE) on Republic. The application allows retail investors to access alternatives to bonds and peer-to-peer loans. Linen App uses high-end technology to enable the use of blockchain by investors in the form of stablecoins and provides access to liquidity pools on the Ethereum blockchain. The company was founded in June 2018 by Vitaly Bahachuk and Alex Bazhanau, and is backed by Coinbase, Were Capital, HashKey Capital, and Polychain Capital. Linen App already has 3,500 people signed up on the waitlist. Republic participants receive $10 worth of equity (SAFE) and early access.

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