Morari

Morari

Early Stage

Climax Delay Patch for MOR Intimate Experience

Climax Delay Patch for MOR Intimate Experience

Overview

Raised to Date: Raised: $659,562

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/16/2022

Close Date

04/29/2023

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,382

# of Investors

290

Momentum
Funded
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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: 10/16/2022
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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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