Renovia Inc is a Meditech company that was started two years ago in Boston. Within 24 months, the company has already made some significant progress in accomplishing its goals. It is tough for a startup in the biotechnology industry to pick up within a short time, but it is happening for Renovia since it enjoys great leadership from an experienced CEO, Mr. Marc Beer. Recently, he closed $42 million Series B funding round which will help in accomplishing its goal of coming up with advanced medical technology devices that can be used in treating pelvic floor disorders. The issue of pelvic floor disorders is something that Marc Beer is concerned about and wishes that he can create a solution that will help millions of women around the world affected by these conditions to get the right medication.
In 2016, Renovia was launched and immediately closed the Series A funding round. The funds acquired from this round went into the acquisition of the technology being applied today and the initial groundwork for the development of the company. Now that the company has found the foundation needed, it is time to move to the other level of growth. The Series B funding will go to the commercialization of products, clinical tests of new products and corporate development.
Investors are impressed by in the progress it has made in the first two years of its operation. Longwood Fund, a prominent healthcare investment company contributed to the Series B funding round. There were also other investors who contributed since they are encouraged by the promising technology that is being invented at Renovia Inc. The products of that have been lined up by the company to address the issue of pelvic floor health in women have impressed many investors who believe that it will be a successful initiative since we are heading into a baby boomer generation where such conditions are likely to become more prevalent.
Since Renovia was founded two years ago, it has managed to bring new products to the market. The most popular of these products is the Leva pelvic digital health system for women. It is a system that has been designed to help women with pelvic floor disorders to perform the correct pelvic floor strengthening exercises. Without correctly doing these exercises, women cannot achieve the intended solution. In fact, many pelvic floor disorders are attributed to poor methods used to improve the pelvic floor strength.
Marc Beer is the founder and CEO of Renovia. He is determined to accomplish every goal that the company has set out to achieve. The graduate of Miami University has spent 25 years in fields where he has dealt with pharmaceuticals, devices, biotechnologies, and others, and therefore has the requisite knowledge needed to succeed at Renovia Inc. Learn more: https://www.linkedin.com/in/marcbeer