NUOVO

NUOVO

Growth Stage

Revolutionizing the way we live and travel in the new normal as digital nomads

Revolutionizing the way we live and travel in the new normal as digital nomads

Overview

Raised to Date: Raised: $83,999

Total Commitments ($USD)

Platform

Republic

Start Date

08/19/2021

Close Date

04/27/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$150

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$335

# of Investors

266

Momentum
Funded
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Year Founded

2015

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Coral Gables, Florida

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,527,723

$5,591,644

COGS

$2,987,110

$6,272,086

Tax

$0

$0

 

 

Net Income

$-1,392,430

$-2,204,253

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,437

$124,686

Accounts Receivable

$773

$16,672

Total Assets

$857,655

$1,393,099

Short-Term Debt

$1,718,938

$1,853,883

Long-Term Debt

$76,175

$0

Total Liabilities

$1,795,113

$1,853,883

Financials as of: 08/19/2021
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NUOVO on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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