The biotechnology sector is evolving rapidly. Marc Beer is one of the biotechnology and pharmaceuticals experts who has founded numerous companies. In 2016, Marc Beer was able to establish Renovia. As a biotechnology expert, Marc Beer acknowledges that companies such as Renovia need access to considerable amounts of cash to finance development and research. Since he is the CEO of the biotechnology startup, Marc Beer has been striving to ensure that Renovia has a good cash flow to finance the company’s endeavors. The company was in need of $42 million. To get this huge amount of cash, he set up a fundraiser that brought forth $42.3 million.
Biotechnology involves the formulation of technological advancements that can be used to treat ailments such as the pelvic floor disorders. One of the common disorders is the urinary incontinence. Since pelvic floor disorders have affected a massive population of women worldwide, Marc Beer is trying to ensure that Renovia comes up with effective treatment solutions. The company first came up with Leva. The product was reviewed by the FAD, and it was approved in April 2018. Leva is an application that is accompanied by a Bluetooth device. Using Leva, you can monitor your therapy sessions. The Bluetooth device also offers visualizations on a real-time basis. By utilizing the Leva application, you will be able to strengthen the pelvic floor.
Since research and development is a major part of Renovia, the company will use the funds to try and develop a more advanced form of the Leva application. Women who have pelvic disorders are always in constant pressure and pain. According to Marc Beer, Renovia will integrate their sensor and innovative technologies with a digital health platform. People will get a chance to understand more about the available treatment options. Women will also get to know more about the pelvic floor disorders. They will also get access to more affordable forms of treatment.
Through series B equity and venture debt, Marc Beer was able to raise $42.3 million for Renovia. OSF Ventures and the Western Technology Investment also got to play a primary role in the fundraiser. They issued substantial amounts of money to support Renovia. Marc Beer and his team at Renovia will now be able to improve the lives of many women worldwide. Most women who have pelvic disorders such as urinary continence fear stigmatization. As a result, they always keep their health conditions to themselves. Renovia is working towards ensuring that the stigma is eliminated. The company is also striving to ensure that the security and privacy of patients is observed. At the moment, Renovia is focusing on development and research so that the diagnosis and treatment solutions may become more effective. Learn more: https://ideamensch.com/marc-beer/