Recently, Marc Beer the Chief executive Officer and co-founder of Renovia Inc. a women’s health start-up issued a press statement detailing that his firm has received $42 million in funding. In this press statement, he also talked about how his start-up is improving the lives of women around the world. Additionally, Marc also covered his company’s plans for the future. Renovia Inc. is based in Boston, and its main area of focus has been finding therapeutic and diagnostic solutions for pelvic disorders. The company has made a lot of progress in the field with its first-generation Leva device addressing the common urinary incontinence in women getting approved last April. This device is continually helping women with urinary incontinence around the go on with their daily activities normally.
A new round of innovative products
Marc Beer in his press statement announced that his company was working on a new round of innovative products aimed at addressing women’s health problems. The new generation of the Leva device is among these four new products. Marc stated that the new generation of Leva devices seeks to improve on the first-generation device. He pointed out that this was to make it easier for women suffering from urinary inconsistencies to leave with the device.
Overwhelming support from investors
In his statement, the Renovia CEO stated that all of the company’s progress on its goals would be thanks to the overwhelming support of its investors. He pointed out that of the $42 million raised, $32 million was from Series B round investors. The Longwood Fund which is dedicated to investing exclusively to the healthcare sector was part of this Series B round. Marc Beer passed his gratitude to the investment firm for walking the journey to success with them as they were one of their earliest investors. The Series B round also attracted other investors like Perspective Advisors and Ascension Ventures from New York and Missouri respectively. Marc said that his company was looking forward to increasing its understanding of pelvic disorders and with the support of its investors come up with even better products.
About Marc Beer
With more than 25 years of experience as an executive in the pharmaceutical sector, Marc Beer is a tested and proven formidable business leader. Even though this start-up has not been in existence for long, thanks to Marc’s excellent leadership skills, its already making a difference in the world. Marc founded Renovia Inc. with his associates Yolanda Lorie and Ramon Iglesias who is currently the company’s Managing Director. It is Marc’s skills in biotechnology, devices, pharmaceuticals, and diagnostics development and commercialization that have helped Renovia grow to what it is today. Learn more: https://renoviainc.com/leadership/