About this raise
Morari, with a valuation of $8.7 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 $92,000 and a maximum target of $294,038. The campaign proceeds will be used for compensation, regulatory fees, product launch, product maintenance, and general and administrative expenses.
Investment Overview
Invested : $93,737
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/15/2024
- Close Date
- 04/18/2025
$92,000
$294,038
$500
Equity - Preferred
Early Stage
RegCF
$1.10
$8,724,311
Company & Team
Company
- Year Founded
- 2020
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$60,252
as of Jun '24
-
Runway
-
10.8 months
as of Jun '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,119,014
- VC Backed?
- No
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.