A mention of Renovia goes hand-in-hand with the mention of Marc Beer. Who is Merc Beer? If you are coming across the name Merc Beer for the first time, it is essential to know that he is the co-founder and the current Chief Executive Officer (CEO) of a healthcare startup known as Renovia.
Marc Beer is a recognized and renowned American serial entrepreneur and has participated in the formation of numerous healthcare startups such as; ViaCell (established in the year200), LumeNXT (established in2018) among other health startups. Find more information on Marc Beer here; https://www.linkedin.com/in/marcbeer.
Renovia was founded in 2016 and has been in operation for two years. The firm has its headquarters in Boston, United States. Since its inception, Renovia’s primary objective has been to battle pelvic floor disorder, a condition that has been affecting millions of women worldwide. Women suffering from pelvic floor disorder cannot control the pelvic floor muscle; this results in the uncontrolled release of bowels.
In the short span, Renovia has been in operation; the startup has been able to accomplish major milestones in the treating of the pelvic store disorder. Recently, Renovia designed and released the Leva device for use in treating pelvic floor disorder. The Leva device has already received the approval of the FDA. Marc Beer has recently completed a Series B funding for the healthcare startup Renovia.
The Series B funding raised by Renovia will be primarily used in the development of new products. Some of the other uses of the series B funding will include commercial campaign launches and corporate development. Renovia’s Series B funding amounted to $42 million. $10 million of the $42 million was raised in venture debt.
Renovia’s three long-term partners played a significant role in the Series B funding. The partners that made the Series B funding a success include Ascension Ventures, Perceptive Advisors and Longwood Funds. It is worth noting that Longwood Funds also took part in Renovia’s Series A funding.
While commenting on the funding received by Renovia Inc. Marc Beer was quick to note the delight of the firm’s stakeholders. Marc also acknowledged the crucial role played by Perceptive Advisors, Longwood Funds, and Ascension Ventures. Marc Beer commended these three firms for sharing in Renovia’s vision of providing the best possible treatment, care, and diagnosis of patients suffering from pelvic floor disorders.
Other than playing a significant role in Renovia’s Series B funding, the three firms provided propriety sensor technologies. The provision of these technologies will go a long way in ensuring the condition becomes manageable to patients. Marc Beer also highlighted Renovia’s commitment to providing more information about pelvic floor disorder to both patients and the public in an attempt to increase awareness while providing a better understanding of the condition. Learn more: https://renoviainc.com/leadership/