FreMon Scientific
Growth Stage
Plasma thawing products
Analytics
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
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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