FreMon Scientific

Growth Stage

Plasma thawing products

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Netcapital

Start Date

01/28/2022

Close Date

04/29/2022

Min. Goal

$10,008

Max. Goal

$1,069,996

Min. Investment

$101

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$11.27

Pre-Money Valuation

$38,190,807

Rolling Commitments $

Status
Not Funded
Reporting Date

04/30/2022

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

San Diego, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

Medtech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

Growth

FreMon Scientific, with a valuation of $38.1 million, is raising funds on NetCapital. The company has developed, patented, and commercialized a blood product warming and thawing technology. The device is called ZipThaw202 with ZipSleeve and helps clinicians and lab technicians in plasma thawing. FreMon Scientific’s product is FDA cleared, certified under the American Association of Blood Banks, and sold in more than 14 countries and territories. Farideh Z. Bischoff, Frederick J. Thacher, and Menachem Shavit founded FreMon Scientific in April 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,996. The campaign proceeds will be used for compensation, sales and marketing, inventory, manufacturing, and product development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$225,814

$0

COGS

$494,139

$0

Tax

$0

$0

 

 

Net Income

$-4,673,626

$-3,808,739

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$485,191

$1,607,641

Accounts Receivable

$0

$0

Total Assets

$2,772,353

$2,090,786

Short-Term Debt

$5,500,000

$0

Long-Term Debt

$2,349,579

$4,830,000

Total Liabilities

$7,849,579

$4,830,000

Financials as of: 01/28/2022
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FreMon Scientific on Netcapital 2022
$
Platform: Netcapital
Security Type: Equity - Common
Valuation: $38,190,807

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