Seeing the need for better skin regeneration technology
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Kerecis was established in 2009 as a research project in Isafjordur, Iceland. Isafjordur is a town in North West Iceland, 30 miles south of the Arctic Circle and 250 miles north of the capital, Reykjavik.
The Kerecis technology was invented by the company’s founder and CEO, Fertram Sigurjonsson.
The company started commercial operations in 2013. The company has completed a seed round and an A and B round. The B round closed in late 2016.
The company is headquartered in Isafjordur and manufactures its products there. The company operates a research center in Reykjavik, and its sales & marketing office is in Arlington, Virginia, near Washington, D.C.
Kerecis is privately held by Icelandic, American, British and French shareholders. About half of the shareholders are the original founders of the business, and private investors and family funds hold the remaining shares.
Kerecis participates in several U.S. Department of Defense-funded projects. The company is committed to developing better remedies for injured American servicemen and women, who have suffered an increase in the number of serious, life-threatening burn wounds in the shift away from traditional combat settings.
The Kerecis technology is patented in the United States and more than 40 other countries.
Kerecis is actively seeking future licensing and distribution partners, while focusing on product development, intellectual property protection and clinical tests. Ideal potential technology licensees will have the ability to launch these proprietary devices in markets around the world.
The company‘s mission is to extend life by supporting the body’s own ability to regenerate and its vision is to become a world leader in tissue regeneration by sustainably harnessing nature’s own remedies.