Recently, the young health brand JUZTLAB secured RMB 10 million yuan (USD $1.4 million) in angel round financing from Ruoyuchen. The primary use of this funding round will be for supply chain layout and team development. As the exclusive investor in this round, Ruoyuchen possesses extensive experience in consumer brand management and holds a prominent position in the health industry, providing valuable support for the brand’s development.
JUZTLAB is a high-value health and wellness brand based on the concept of traditional Chinese medicine food homology. It focuses on using traditional Chinese herbal ingredients to provide health product solutions tailored to the lifestyle scenarios of the 25-34 age group. With seed round funding, the brand has established a diverse sales network and achieved a sales volume exceeding RMB 10 million yuan (USD $1.4 million) within less than a year of its launch. Leveraging global market insights, JUZTLAB has concurrently initiated overseas market expansion, exploring potential markets in North America and Southeast Asia in 2024. (Source: FoodTalks)
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