Woo More Play

Woo More Play

Closed: Apr. 2024

About this raise

Woo More Play, with a valuation of $17.02 million, is raising funds on StartEngine. The company makes premium and natural sexual wellness products. Woo More Play products include oil-based lubricants, devices, and cleansing products that enhance experiences and provide a gateway to sexual wellness without the discomfort of going to adult shops. The business has a community of 150,000 customers and has generated a lifetime revenue of $11 million. Mackenzie Swan founded Woo More Play in May 2020. The current crowdfunding campaign has a minimum target of $14,998.80 and a maximum target of $1.23 million. The campaign proceeds will be used for retail growth, marketing, product development, regulatory fees, inventory, and working capital.

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Investment Overview

Invested this round: $994,717

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
01/25/2024
Close Date
04/25/2024
Min. Goal
$14,999
Max Goal
$1,235,000
Min. Investment

$249

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.45

Pre-Money Valuation

$17,021,454

Company & Team

Company

Year Founded
2020
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Westin Mitchell
Title
Creative Director
Founder Name
Lauryn Evarts
Title
Board Member
Founder Name
Michael Bosstick
Title
Board Member

Financials

 Revenue +3% YoY
$2,487,838
as of FY2022
 Monthly Burn
$58,675
as of FY2022
 Runway
6 months
as of FY2022
 Gross Margin
42%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,487,838

$2,410,511

COGS

$1,442,184

$1,215,860

Tax

$0

$0

 

 

Net Income

$-704,095

$-589,182

Summary Balance Sheet

FY 2022 FY 2021

Cash

$352,364

$37,510

Accounts Receivable

$30,320

$19,326

Total Assets

$649,042

$214,509

Short-Term Debt

$774,131

$735,502

Long-Term Debt

$0

$0

Total Liabilities

$774,131

$735,502

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,000,000
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/25/2024 StartEngine $17,021,454 $994,717 Equity - Common Funded RegCF
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Add to portfolio
Woo More Play on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,021,454
Price per Share: $1.45

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

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