NUOVO
[Closed for Investment] NUOVO, with a valuation of $10 million, is raising funds on Republic. The company is capitalizing on the massive trend towards remote work and offering a flexible living and travel solution. The business partners with building owners and offers long-term and short-term revenue share agreements to tenants. NUOVO generated over $5.5 million in gross revenue in 2019 and expects to reach $100 million in gross revenue by 2024. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for global expansion and becoming a household name.
Investment Overview
Raised: $83,999
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 08/20/2021
- Close Date
- 04/28/2022
$25,000
$1,070,000
$150
SAFE
Pre-Seed
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -54.7% YoY
- $2,527,723
- Monthly Burn
- $116,036
-
Runway
- 0.1 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/28/2022 | Republic | $10,000,000 | $83,999 | SAFE | Funded | RegCF |