Recently, Marc Beer successfully raised $42 million in Series B Round and venture debt for Renovia Inc, a Boston-based women’s health startup. The funds will help the medtech company to move forward with its several new products for treatment of pelvic floor disorders. Mr. Beer closed $32 million in Series B Round as well as $10 million in venture debt for Renovia Inc.

 

The company has been committed to the development of therapeutic and diagnostic products for treatment of pelvic floor disorders since its inception. Pelvic floor disorders such as urinary incontinence affects millions of women across the world. The move by Marc Beer with other co-founders to take the fight to the next level through Renovia is very welcome. The first Renovia’s product to be approved by FDA is the Leva Device. It was approved last year April.

 

The Longwood Fund is a healthcare-focused investment firm which took interest and invested in Renovia Inc, early. It also participated in the Series B Round which was led by Ascension Ventures as well as Perceptive Advises which are based in Missouri and New York respectively. The funding came at a time the company was looking to develop four therapeutic and diagnostic products including the latest upgrade for Leva Device.

 

In a statement, Marc Beer was thrilled to get the support of leading healthcare investors who share the same vision of better diagnosing, treating as well as improving the lives over 250 million women affected by pelvic floor disorder across the world. He added that the company leverages on its innovative and proprietary technologies, a digital platform as well as form factors to inform new treatment options, drive greater knowledge and ultimately improve the understanding of pelvic floor disorders. The aim at the long-run is to reduce the healthcare costs.

 

Marc Beer is the CEO of Renovia Inc, and a big name in the healthcare industry. He has brought a lot of transformations to the sector and he has improved the lives of many directly or indirectly. He embarked on a new path with Renovia to alleviate the suffering of women across the world.

 

About Marc Beer

 

Mr. Marc Beer brings over 25 years of experience in the biotechnology, devices, pharmaceuticals as well as diagnostics. He embarked on a journey to improve the lives of women through Renovia with Yolanda Lorie and Ramon Iglesias. He successfully closed Series A Round with popular healthcare venture capital funds. He has extensive experience ranging from serving as a strategic consultant at OvaScience to founding various medtech companies including ViaCell.

 

He founded ViaCell in 2000 to collect, preserve, and develop umbilical cord blood stem cells. He headed the company and helped it to grow until it was acquired by PerkinElmer in 2007. He served at Erytech Pharma as a member of board of directors. He also worked at Genzyme, Abbott Laboratories and Good Start Genetics, Inc. He sits in various committees and boards at Good Start Genetics, Inc, and Minerva Neurosciences. He is a BS graduate from Miami University in Ohio. Learn more: https://patch.com/massachusetts/boston/renovias-marc-beer-raises-42m-treat-womens-health-issues

 

The biotechnology industry has been evolving. Many biotechnology startup companies have been sprouting on a daily basis. However, to ensure that such a company has access to the necessary funding is one of the major challenges. Other challenges are such as going through the FDA approval process which is somewhat complex after the discovery of a new form of therapy or a drug. Fortunately, professionals such as Marc Beer have been able to overcome such challenges.

 

The success of Marc Beer when it comes to biotechnology companies can be witnessed through the Renovia Inc. As the co-founder of the company, he has also worked hard to ensure that the company has been receiving the necessary funding. The biotechnology startup company was established in 2016. Through the input of Marc Beer, the company has achieved numerous milestones that relate to the biotechnology sector. Since the company has been working towards ensuring that women with the pelvic floor disorder can now live a healthy lifestyle, Marc Beer carried out a fundraiser than entailed raising $42 million.

 

Globally, women have been suffering from ailments such as urinary continence. Such diseases are regarded as pelvic related disorders. In a bid to offer some assistance to the 250 million women suffering from this disorder globally, Marc Beer resorted to carrying out a fundraiser. Since 2016, the company has also successfully come up with forms of technology such as Leva. The Leva technology was able to get FDA approval. Leva is a form of technology that has an inbuilt Bluetooth device. The Bluetooth device is then used to formulate real-time coaching sessions. A visual aid is also present. The Leva application helps to isolate the levator plate muscles that are weak.

 

The fundraiser is targeting $42 million. These funds will be used to produce a more advanced form of the Leva technology that will offer a proper diagnosis. Women who are suffering from pelvic disorders always in pain. They also undergo urinary continence since the bladder is emptied incompletely every time they undergo urination. When a woman has a pelvic disorder, they may not enjoy any form of pleasure during sexual intercourse. They will be in constant pain. Learn more: https://www.crunchbase.com/person/marc-beer

 

Marc Beer will ensure that Renovia Inc. has combined its sensor technologies with a digital health platform. This move will ensure that their clients have access to the necessary bits of information regarding the diseases they are suffering from. The biotechnology company will also ensure that women have access to affordable forms of treatment. Fortunately, the fundraiser progressed smoothly. The $42 million target was achieved. The total amount raised was $42.3 million. Since Marc Beer is the chief executive officer of Renovia Inc., he will ensure that all the funds are accounted for while working towards forming better treatment solutions to their clients.

 

CEO Marc Beer, formerly with Aegerion Pharmaceuticals, announced the closing of Series B funding for his new company Renovia Inc. with $32 million in funding.

 

Renovia Inc. is a medtech company based in Boston. It specializes in diagnosing and treating pelvic floor disorders which affect an average of 250 million women worldwide. Their first product, Leva, received FDA approval back in April.

 

Beer, working with Perceptive Advisoers from New York and Ascension Ventures from Missouri, was able to secure investments from the Longwood Fund. Known for its interest in healthcare companies, the backing from the Longwood Fund will be used to develop three new products and a new iteration of the Leva.

 

In a recent statement, Beer expressed his excitement with the support he gained from investors looking to innovate healthcare with products and methods dedicated to improving the quality of life for millions of women. With proprietary technologies and an innovative digital health platform, Beer envisions new empowerment for patients by increasing their understanding of pelvic floor disorders and inform decisions about their continued healthcare.

 

Renovia has been Beer’s first foray into venture capitalism since leaving Aegerion back in 2015.

 

About Marc Beer:

 

Marc Beer is an American venture capitalist with 25 years of experience in the healthcare industry. After graduating from Miami University (Ohio), where he’s held memberships in on the Business Advisory Council, he became a founding member for the Good Start Genetics, a genetic screening company. The experience accrued there led to a seat on the Mass Life Science Board of the Commonwealth of MAssachusetts and the Bio (Biotechnology Industry Organization) Emerging Companies Section Governing Board. Beer’s foray into the business world took off with Abbott Laboratories, where he worked in sales and marketing for the pharmaceutical division. This opened doors to Genzyme, a biotechnology company that diagnoses and treats debilitating and rare diseases, where he served as Vice President of Global Marketing, launching products all over the world.

 

By the time he was ready for executive leadership, Beer founded his own company, ViaCell, focusing on stem cells from preserved umbilical cords. in 2007, after seven years of operation, the company swelled in size, adding 300 employees before being acquired by competitor PerkinElmer. During his tenure at ViaCell, Beer also sat on the board of directors for Erytech Pharma. This was leadership experience that served him well when he teamed up with Ramon Iglesias, MD, and Yolanda Lorie to create Aegerion Pharmaceuticals, providing products to address rare diseases in 36 countries. After leaving the company, Beer founded Renovia, a biomedical company addressing issues of pelvic floor weakness and dysfunction affecting millions of women the world over with innovative diagnosis and personalized devices meant to better inform patients of their conditions. Learn more: https://renoviainc.com/leadership/

 

There are many doctors out there and many businessmen, but there are few who delve deep into both fields. Dr. Mark McKenna is a medical practitioner who earned his medical degree from Tulane Medical School and has since become a licensed and board-certified doctor. However, during Dr. Mark McKenna’s time in medical school, he realized the medical field was not going to bring him everything he wanted. He wanted to make much more money than what was available as a doctor. He knew this because his father is also in the medical industry and owns his own practice, which Mark interned at for several years.

Instead of focusing on medicine, Dr. Mark McKenna decided he wanted to focus on business and once he completed his education he started up his own company. Mckenna Venture Investments, a real estate firm, was Mark’s first successful business. Mark was making roughly half a million dollars a year and his company was worth around five million dollars in 2005. Unlucky for Mark, he lived in New Orleans, which was struck by Hurricane Katrina that year, which devasted most of Mark’s company. This caused Mark to lose millions in a single day, but he was able to recover a fair amount of money staying in New Orleans and flipping properties that had been destroyed.

Dr. Mark McKenna’s latest venture in business is the medical-aesthetic business, OVME, or “of me. Mark named his company this because it puts the attention on his customers. OVME will function similar to Uber, since users will have an app that allows them to browse OVME and order services and products to be delivered straight to them. There are many freelance doctors registered with OVME that offer products and give out personal advice to customers who ask for support through the app. These day’s, at 43, Mark spends a great deal of time working on his business and practicing a healthy lifestyle when he’s not spending time with his family.

https://ceocfointerviews.com/interviews/DrMarkMcKenna-OVME17.htm