It was joy and celebration at Renovia Inc. after CEO Marc Beer announced that the company had raised $42 million to fund its upcoming project. For several months, the women startup based in Boston has been looking for ways through which they can finance a budget that will allow them to meet their objectives. According to the Chief Executive Officer, they collected $32 through a series B funding that was occasioned by one of the companies that recently invested in their organization. The remaining $10 million was raised through debt.
Pelvic floor disorders
After collecting the money, the company now has a sufficient budget to embark on developing solutions that will help to treat pelvic floor disorders. Their data shows that there are about a quarter of a million women affected by this condition, but there is not enough equipment to take care of them. In addition to that, the company says that these women are facing new challenges every day, yet new solutions are not being developed. It is this deficiency that they want to eliminate when they develop their upcoming products and introduce them to the world.
Diagnostic and therapeutic devices
Their focus is on developing products that will improve the diagnostic and therapeutic experiences of their customers. They want doctors to identify disorders with ease and the patients to get therapeutic care so that they do not feel burden by the effects of the disease. When they are done developing the products, it will be much easier for these women to get help than it has ever been experienced. What they hope to active is an efficiency that helps women suffering from pelvic floor disorders to live a comfortable life regardless of their health condition. Learn more: https://ideamensch.com/marc-beer/
Four more products
The CEO revealed that there would be for products that will be added to their line of inventions. These products are expected to revolutionize the way patents in this category get healthcare. For the quarter a million women that are affected by this disease, this announcement must be the best news they have received in recent times. Among the four products that they are supposed to develop is a new version of the Leva. The Leva has been one of the most useful instruments in the treatment of pelvic floor disorders, and so, the company is convinced that a new version will bring more efficiency.
Marc Beer Information
An alumnus of Miami University in Florida, Marc Beer is the chairman and CEO of Renovia Inc. He took up this position after helping to co-found the company. Before that position, he had worked with many other companies including sitting on their boards. Therefore, he brings more than 25 years of experience to the organization, and this explains the reason he has been successful in raising funds over a short duration.