hardcore technology, for beauty! Arterial.com exclusively learned that Suzhou Foremed Legend Medical Technology Co., Ltd. (hereinafter referred to as "Foremed Legend"), a domestic manufacturer of high-end medical aesthetic devices, announced the completion of a Pre-A+ round of financing led by the unlimited fund SEE Fund

the old shareholder Woyong Fund. The funds raised will be used to increase R&D investment, expand production capacity, and accelerate commercialization.

Foremed Legend was founded in September 2021, and the core founding team is from Peking University and other well-known universities at home and abroad.

Since its establishment, Foremed Legend has been committed to becoming a leading manufacturer of high-end medical aesthetic optoelectronic equipment, a provider of integrated intelligent solutions for diagnosis and treatment, and a pioneer of medical aesthetic data integration platform based on compliance and product strength.

the first self-developed product was approved and sold more than 100 units, building a core barrier for a comprehensive product line, and tackling the key technologies at the bottom of the series

Among them, the ForeShine water light machine has been officially approved and successfully started commercialization in February this year, and more than 100 units will be sold in the second quarter of 2023;

the core product picosecond laser therapy device has been registered and tested, and the measured performance parameters can be fully benchmarked against similar imported products, and clinical trials will be started soon; The cold air therapy device will also be approved for marketing in the near future.

It is reported that Foremed Legend has been granted 10 patents, including three invention patents with high gold content.

At the same time, the company has also obtained the green channel of the Suzhou Protection Center of the State Intellectual Property Office for rapid review, and is expected to produce no less than 50 patents in the next three years, building a competitive moat with innovation and product strength.

a comprehensive breakthrough in products, Foremed Legend has also won many awards in various competitions, with excellent performance, Foremed Legend won the 2023 VB100 Potential Enterprise, Soochow Science and Technology Innovation and Entrepreneurship Leading Talent Enterprise, Small and medium-sized technology-based enterprises and other awards.

With the increasing popularity of "light medical aesthetics", the optoelectronic medical aesthetic track has ushered in a blowout growth.

According to the "2022 Optoelectronic Medical Aesthetic Industry Consumer Trend Report", in 2022, 47.34% of the medical aesthetic projects that medical aesthetic consumers love/want to try the most.

With the improvement of market awareness and the standardization of regulatory systems, the field of domestic medical aesthetic optoelectronic devices is ushering in a triple opportunity of compliance upgrading, domestic substitution and source innovation.

with the joint support of new and existing shareholders, Foremed Legend will also quickly reach a new level of development, bringing more safe, effective, reliable and affordable medical aesthetic optoelectronic equipment and solutions to domestic beauty seekers.

For this financing, Xia Yuqing, founder of Foremed Legend, said: "I sincerely thank SEE Fund for recognizing Foremed Legend, and thank the old shareholders for their trust and support.

SEE Fund, as a leading fund in the field of hard technology, relies on the top industry resources of Tsinghua Electronics Department, and this round of financing will inject more hardcore technical support into Foremed Legend.

our team will continue to consolidate the core technology of the product and use better technical solutions to benefit the majority of beauty seekers.

2023 is the first year of the full commercialization process of Foremed Legend, and it is true that there are many challenges, but in the face of difficulties, we choose to rise to the challenge and strive to deliver a satisfactory answer.

unlimited fund, said: The demand for domestic high-end medical aesthetic devices continues to grow, the technical barriers are relatively high, and there are clear opportunities for domestic substitution and overseas expansion.

we value Foremed Legend for certain technology accumulation and continuous R&D capabilities, a relatively complete R&D pipeline of high-end optoelectronic medical aesthetic devices, and comprehensive capabilities such as ecological construction and product compliance.

we hope to promote the use of optoelectronic technology in the medical and consumer fields, and we will continue to empower Foremed Legend in the fields of optoelectronic technology and power control."

Infinite FundSEE Fund is an early-stage investment institution from Tsinghua University focusing on hard technology. We continue to focus on semiconductors and electronic information, AI and intelligent manufacturing, new energy and new materials, life sciences and medical-industrial integration.

Infinity Fund currently has two RMB funds, bringing together top domestic investment institutions and industrial resources, aiming to promote innovation and entrepreneurship with market-oriented mechanisms, empower China's science and technology innovation ecosystem, cultivate great technology enterprises and entrepreneurs, and let science and technology benefit mankind.