Morari

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.

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Investment Overview

Raised this Round: Raised: $132,608

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
07/15/2024
Close Date
01/31/2025
Min. Goal
$92,000
Max. Goal
$294,038
Min. Investment

$500

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.10

Pre-Money Valuation

$8,724,311

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
3
Prior Founder Exits?
No
Founder Name
Jeffrey Bennett
Title
CEO

Financials

as of June 1, 2024
 Revenue
$0
 Monthly Burn
$60,252
 Runway
10.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$455

$0

 

 

Net Income

$-646,440

$-1,164,386

Summary Balance Sheet

FY 2023 FY 2022

Cash

$653,265

$350,630

Accounts Receivable

$0

$0

Total Assets

$724,213

$409,690

Short-Term Debt

$240,310

$719,685

Long-Term Debt

$101,765

$0

Total Liabilities

$342,075

$719,685

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,119,014
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2025 Wefunder $8,724,311 $132,608 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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Morari on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $8,724,311
Price per Share: $1.10

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