- Written by: PetsPetsPets
- Category: Biotechnology, Entrepreneurs, Finance, People
- Published: November 6, 2018
Renovia Inc., through its chief executive officer and co-founder, Marc Beer has obtained $32 million funding in a Series B round. The company has also received a further $10 million in venture debt for the medical company startup. Marc Beer’s style of leadership and experience has assisted the company in the development and commercialization of enterprises, in pharmaceutical devices, diagnostics, and biotechnology. Marc Beer focuses on the development of products that combat urinary incontinence, a disorder that has the potential to affect more than 250 million women.
Setting the innovation trends
Under Marc Beer’s leadership, Renovia has obtained an FDA approval for Leva, which is the company’s first product. Longwood Fund participated in the funding that Marc Beer helped obtain. It deals with healthcare issues that were instrumental in supporting Renovia get this funding. Ascension Ventures of Missouri and Perceptive Adviser of New York were the ones who funded the Series B round. This funding will be pivotal in the development and testing of four products for Renovia. Marc beer is focused on coming up with a new generation of Leva.
He appreciates the funding terming it as an opportunity to share a vision for better diagnosis and treatment of women struggling with pelvic floor disorders. Marcs intends to lead the company in the development and combination of its innovative and proprietary sensor technologies with its digital health platforms. Customers are going to get valuable data when the company combines digital health platforms and technological advancements. This will also give them new options for treatment. Marc says that increased understanding of the pelvic disorder will lead to new insights of how to lower the long-term healthcare costs.
Dynamic style of leadership
Dynamic leadership is the style that Marc Beer applies and it demonstrates his ability to come up with workable solutions that deal with urgent issues. Marc, together with Ramon Iglesias and Yolanda Lorie cofounded Renovia back in 2016. The energy, vision, and style of leadership that Marc Beer possesses show his readiness to take on ventures that will benefit all his clients. One of the reasons that saw him co-found Renovia was the need for a company that addresses urgent needs of the customers.
Marc Beer has always wanted to give back, which is one of the reasons why he joined the Mass Life Science Board for the Commonwealth of Massachusetts.
About Marc Beer
Marc Beer is currently the Chief Executive Officer, Chairman, and co-founder of the Renovia Inc. His alma mater is Miami University where he studied Bachelors of Science in Business. He graduated in 1987 and over time, he has exhibited leadership skills in business and public areas of responsibility. He sits as a member at the Miami University Business Advisory Council. Learn more: https://www.bizjournals.com/boston/potmsearch/detail/submission/6457372/Marc_Beer