Oratray

Oratray

Closed: Oct. 2024

About this raise: Oratray, with a valuation of $6.02 million, is raising funds on StartEngine. It is an oral health company that has developed its proprietary prefilled dental tray. Oratray is introducing this novel method for administering medication for oral diseases, and can be used both at home and in dental offices. The product has been developed by an experienced team and in collaboration with Nottingham Spirk. Dr. Martin Fernandez Feo and Fernando Volante founded Oratray in November 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for manufacturing, legal fees, and company employment.

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Investment Overview

Invested this round: $14,108

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/16/2024
Close Date
10/14/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$501

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.48

Pre-Money Valuation

$6,022,137

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
Coral Gables, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Martin Feo
Title
COO
Founder Name
Fernando Volante
Title
CEO

Financials

as of June 13, 2024
 Revenue
$0
 Monthly Burn
$10,000
 Runway
0.3 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-83,217

$-263,698

Summary Balance Sheet

FY 2023 FY 2022

Cash

$329

$130

Accounts Receivable

$0

$0

Total Assets

$329

$130

Short-Term Debt

$302,149

$0

Long-Term Debt

$0

$218,733

Total Liabilities

$302,149

$218,733

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$758,494
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/14/2024 StartEngine $6,022,137 $14,108 Equity - Common Funded RegCF
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Add to portfolio
Oratray on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,022,137
Price per Share: $0.48

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Follow Oratray on StartEngine 2024

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