Morari

Morari

Early Stage

Climax Delay Patch for MOR Intimate Experience

Climax Delay Patch for MOR Intimate Experience

Overview

Raised this Round: Raised: $659,562

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/17/2022

Close Date

04/30/2023

Min. Goal
$140,000
Max. Goal
$1,069,999
Min. Investment

$200

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.20

Early Bird Valuation

$6,386,085

Pre-Money Valuation

$7,982,606

Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Maple Grove, Minnesota

Business Type

Growth

Morari, with a valuation of $7.98 million, is raising funds on Wefunder. The company is revolutionizing the sexual health and wellness market with its climax delay patch, MOR. MOR is a chemical-free wearable patch that enhances men’s sexual performance by giving them more time and intimacy with their partners. The patch does not include any drugs or creams and includes a wireless transcutaneous electric nerve stimulator, a Bluetooth transmitter, and a small battery. Jeff Bennett founded Morari in May 2020. The current crowdfunding campaign has a minimum target of $139,999 and a maximum target of $1.07 million. The campaign proceeds will be used for the completion of product development, business operations, compensation, and FDA clearance.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-445,461

$-337,020

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$742,398

$298,573

Accounts Receivable

$0

$0

Total Assets

$792,254

$315,341

Short-Term Debt

$364

$15,490

Long-Term Debt

$0

$0

Total Liabilities

$364

$15,490

Financials as of: 10/17/2022
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Morari 11/29/2024 Wefunder $8,724,311 $129,108 Equity - Preferred Active RegCF
Morari 04/30/2023 Wefunder $7,982,606 $659,562 Equity - Preferred Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Morari on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,982,606
Price per Share: $1.20

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