Recently, Marc Beer, the Co-Founder of Renovia Inc. raised $42 million to fund women`s health startup at Renovia Center. Renovia Inc. is a Boston based health company that develops diagnostic and therapeutic devices for treating various pelvic floor disorders. The company was founded in August 2016, and the founding members were Ramon Iglesias, Marc Beer, and Yolanda Lorie and in the same year, they successfully closed Series A financing venturing with leading healthcare capital fund. Marc Beer has over 25 years of experience operating in the development and commercialization sectors.
Before Co-Founding Renovia Inc., Marc has established several other firms. In April 2000, Marc became the founding Chief Executive Officer of ViaCell. Under his management, the company increased to a robust commercial organization. ViaCell is a biotechnology company with a specialty in the collection, preservation, and development of umbilical cord stem cells.
Marc Beer closed Series B financing in two cycles, first one worth $32 million and second cycle worth $10 million in venture debt. The funding will be used in developing and testing four more therapeutic and diagnostic products as well as improving the new advanced Leva devices. Leva products were the first Renovia`s products, and in April they were approved by FDA. It is estimated that about 200 million women in the world suffer from pelvic floor disorders which includes urinary incontinence.
Series B financing round was led by advisors from New York and Missouri based Ascension Ventures. Longwood Fund, a healthcare investment group which previously had invested in Renovia also took part in Series B. On behalf of the company; Marc Beer appreciated the support received from leading healthcare investors who generously shares the company`s vision of helping women worldwide diagnose, treat and improve their lives. He added that through working together and combining innovative skills and proprietary sensor technologies as well as forming baseline factors with digital platform clients would receive the necessary information regarding pelvic disorders and also services will be offered at a relatively low price compared to other medical centers across the world.
Renovia Inc. management team are dedicated and values clients’ health as their priority. Marc Beer is the CEO although he operates with the help of other officials. Some of the top officials overseeing the smooth progress of Renovia include:
- William Dull, the Chief Commercial Officer. His major role is to oversee global commercial and company`s operation.
- Dr. Samantha Pulliam, MD who is the Chief Medical Officer. Previously she worked as Assistant professor of Obstetrics and Gynecology at the University of North Carolina.
- Jessica McKinney, PT, MS, CMPT. She is the Vice President of Medical Affairs and Clinical Advocacy.