Morari

Morari

Closed: Apr. 2023

About this raise: 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.

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Investment Overview

Invested this round: $659,562

Deal Terms

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

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Maple Grove, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Jeffrey Bennett
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$37,122
 Runway
20 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,711,704
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2025 Wefunder $8,724,311 $139,108 Equity - Preferred Active RegCF
04/30/2023 Wefunder $7,982,606 $659,562 Equity - Preferred Funded RegCF
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Growth Charts

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

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

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