LUWI

LUWI

[Closed for Investment] LUWI, with a valuation of $25 million, is raising funds on StartEngine. It is a hormone-free, latex-free, and STI-preventing contraceptive product made to be worn on the inside. LUWI provides a natural feel and better protection for women and other receivers and is designed to fit like a sleek second skin. The company has 1.5 million units in pre-market commitment from over 70 university campuses and ongoing discussions with CVS and Planned Parenthood. Lisa Kinsella founded LUWI in May 2024. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $68,032

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/09/2024
Close Date
10/07/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$25,000,000

Company & Team

Company

Year Founded
2024
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Location
Mt Prospect, Illinois
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Lisa Kinsella
Title
CEO

Financials

as of May 31, 2024
 Revenue
$0
 Monthly Burn
$20,000
 Runway
10.3 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-156,345

$-65,001

Summary Balance Sheet

FY 2023 FY 2022

Cash

$180,534

$40,716

Accounts Receivable

$0

$0

Total Assets

$279,288

$40,716

Short-Term Debt

$32,268

$27,352

Long-Term Debt

$0

$0

Total Liabilities

$32,268

$27,352

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$830,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/07/2024 StartEngine $25,000,000 $68,032 Equity - Common Funded RegCF
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Add to portfolio
LUWI on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $1.00

Follow company

Follow LUWI on StartEngine 2024

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Warning: according to the close date for this deal, LUWI may no longer be accepting investments.

LUWI Deal Report

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