One of the Companies that is focusing on women health is Renovia Inc. This company was founded by Marc Beer and aims at coming up with various products that are geared towards the treatment of women. Currently, they have new products that are all that different development levels that are aimed at helping women with pelvic floor disorders. This is excellent news for more than 250 million women who are affected by this condition all over the world.
In recent funding, Renovia was able to raise an impressive $32 million in August 2018 in one of their Series B round of fundraising. On top of this amount, the med tech firm also raised $10 million in venture debt. The products that will receive this funding are intended for diagnosing and treating pelvic floor disorders with the major problem resulting from this condition is urinary incontinence. They already have one product that has been approved by FDA having completed the process of approval earlier this year in April.
Among the investors who recognize the potential of Renovia include Longwood Fund and has been one of longest investors in the Renovia Series B funding round. The company aims at helping healthcare companies whereby it’s led by the Perceptive Advisers and Ascension Ventura which are based in New York and Missouri. This money will help at least four different products including an improved version of the already approved Leva.
With so many leading investors joining the company’s vision to help and improve the high number of people living with this crippling disorder Marc Beer is very excited. The innovative products include sensory technology and will also have a digital platform through which customers will derive information on the various treatment options as well as give them more information concerning their condition.
Renovia was started in 2016 by Marc Beer who is its current chairman and Chief Executive Officer. The company is devoted to finding and delivering the best digital diagnostic and therapeutic products to the millions of women whose lives are affected by pelvic floor disorders. With strong leaders such as Marc Beer who has more than 25 years of extensive experience knowledge in the industry Renovia is headed for great heights.
Marc Beer is a great figure and have made significant achievements in his life. He has managed to create himself a big name due to his confident and consistent reputation. He has also brought substantial development in the world of medicine. He is a mentor and a role model to many. Among the key things that we can learn from Mark Beer are that successful healthcare starts with talent acquisition. The other lesson is that we have to think about cash flow when establishing a business. We learn that innovative firms are trying to be disruptive and cannot think in a convention wisdom mindset. Lastly, you should never rest on strategy. Learn more: https://www.slideshare.net/MarcBeer