NUOVO
Growth Stage
Revolutionizing the way we live and travel in the new normal as digital nomads
Overview
Raised: $83,999
Total Commitments ($USD)
Platform
Republic
Start Date
08/19/2021
Close Date
04/28/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
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
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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