FirmTech
[Closed for Investment] FirmTech, with a valuation of $15.9 million, is raising funds on Wefunder. The company makes products aimed at better sex and better health of individuals. The products empower people of all genders to assess their sexual health, overall health, medications, and habits, heightening their sexual performance and pleasure. The innovative sex toy of FirmTech, the Erectile Ring, helps to increase pleasure and performance and also aids with heart disease and erectile dysfunction. Dr. Elliott Justin founded FirmTech in September 2020. The current crowdfunding campaign has a minimum target of $50,400 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, personnel costs, research and development, and engineering costs.
Investment Overview
Raised: $78,300
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $78,202
- Monthly Burn
- $121,691
-
Runway
- 0.9 months
- Gross Margin
- 77%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,500,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/29/2024 | Wefunder | $15,966,000 | $78,300 | Equity - Common | Funded | RegCF |