Novvo

BrazilE-commerce

Novvo Bem Estar is a Brazilian biotechnology startup that developed a natural, vegan dietary supplement to prevent hangovers by counteracting the chemical effects of alcohol on the body. The company raised R$ 3.2 million in its first structured investment round, led by BR Angels with participation from JBR Partners Capital and Orgânica Participações. Novvo targets consumers in Brazil who experience hangovers, with a projected revenue of R$ 3 million in 2023 and an estimated R$ 200,000 in December 2022 alone.