Marc Beer: Why Renovia?
Over the last 25 years, Marc Beer has proven his entrepreneurial prowess countless times. He founded his first company in 2000 and sold it seven years later for $300 million. That’s an amazing opening act to a career that only gets better the more research and development he has under his belt.
Before 2000, Marc Beer worked at Genzyme. He joined Genzyme after graduating from Miami University, and he was completely new to the pharmaceutical sales and marketing industry. Despite his green experience, Beer had a knack for marketing and quickly rose to the position of Vice President of Global Marketing.
As Vice President, it was Beer’s responsibility to get the company’s product line in front of more than 350 million people all over the world. While 350 million sounds like a lot of people; it’s nothing compared to nearly seven billion living back then. Still, Beer was successful.
He found such satisfaction in helping those medically underserved that he thought he could do more if he owned his own company. In 2000, he founded ViaCell, his first company. ViaCell used umbilical cord blood stem cells to develop dozens of treatments for all sorts of conditions. He later sold that company to PerkinElmer.
After his first sale, his career and life took a crushing blow, as his wife passed away suddenly. Lost, Beer found inspiration in raising his three kids. Two years after his wife passed, Beer rejoined the workforce and started working with Dr. Ray Iglesias.
Dr. Iglesias was a gynecologist who spent much of his career performing pelvic floor surgeries. Until recently, surgery was the only option for almost 25 percent of women in the U.S. living with pelvic floor disorders. Dr. Iglesias always believed there had to be a better way, and ten years ago, he began developing a concept to help women avoid surgery. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues
Once his vision was developed enough, he brought the idea to Marc Beer. Inspired to help women avoid any serious medical issues and how quickly he lost his wife, Beer formed a lasting partnership with Dr. Iglesias. Later, they brought in Yolanda Lorie and founded Renovia.
Today, Renovia is leading the industry in innovative and proprietary sensor technologies that help women with pelvic floor disorders. The company also had its first product, Leva, approved by the FDA in 2018. More recently, Renovia acquired $32 million in funding from a Series B round of funding.