# FreMon Scientific

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fremon-scientific

- Industry: Medical Devices & Equipment
- Headquarters: US
- Website: www.fremonscientific.com
- Total disclosed funding: $0M
- Latest round: Seed (Jan 21, 2019)
- Investors on record: 1

## About

Based in the US, FreMon Scientific, Inc. is a specialized provider of innovative thawing solutions for medical applications, focusing on enhancing the efficiency and safety of plasma thawing processes.FreMon Scientific, Inc. is engaged in the development and manufacturing of advanced thawing systems for plasma. The company was founded in 2015 by Fred Thacher and Moni Shavit, with operations headquartered in the United States. In March 2019, the company raised USD 2.11 mn in a funding round, which was the total amount raised to date. FreMon Scientific has completed four deals since its inception, focusing on innovations that support medical facilities in efficient plasma usage.FreMon Scientific specializes in the development and manufacturing of the ZipThaw Frozen Plasma Thawing System, designed for efficient thawing of plasma in medical settings. The ZipThaw system utilizes a dry thawing method, minimizing contamination risks and maintenance needs compared to traditional water bath methods. It can process twice the amount of plasma per hour, catering to blood banks, hospitals, research centers, and military facilities across North America, Europe, and select Asian markets. The user-friendly interface ensures that operators of varying experience levels can efficiently use the system.FreMon Scientific generates revenue through direct sales of its ZipThaw system and related consumables. Clients typically make one-time purchases of the ZipThaw units, while ongoing revenues are supplemented by sales of consumables like warming cushions and ZipSleeves. The company has established ongoing relationships with healthcare facilities requiring frequent replenishment, creating a recurring revenue model. The pricing structure meets the diverse needs of clients, with the ZipThaw system being a significant contributor to overall revenue, and the company adheres to industry standards for compliance.FreMon Scientific plans to leverage its recent funding of USD 2.11 mn from March 2019 to enhance its product lineup and expand into new markets. This includes the development of next-generation thawing systems aimed at improving plasma handling efficiency, with anticipated releases in the coming years. The company is targeting expansion into additional European markets and select regions in Asia by 2025, aiming to increase its footprint and support healthcare facilities requiring advanced thawing solutions.

## Funding rounds

- Seed, Jan 21, 2019, $0M — Spring Tide Capital

## Investors

- Spring Tide Capital (https://capitalatlas.ai/funds/spring-tide-capital) — Seed