Marc Beer is a seasoned leader with over 20 years’ experience in the areas of pharmaceuticals, biotechnology and diagnostic and therapeutic devices. He spearheaded the starting of Renovia Inc., a medtech venture based in Boston in which he is seeking to reach approximately 240 million women worldwide, affected by various urinary inconsistence and other pelvic floor disorders through his products. Beer is the co-founder of, and currently the Chairman and CEO of Renovia Inc.
Beer’s focus on improving healthcare through technology drove him to invest in the company, bringing on board other investors like The Longwood Fund, he has managed to raise $32 million from the Series B round. The company will also work with $10 million in venture debt, making a total of $42million for the startup. The money raised at the initial phases will go towards the of testing and developing more therapeutic and diagnostic products that will lead to effective diagnoses, better treatment and subsequently improve the lives the affected women.
In Mark Beer’s vision for the startup, he is seeking to bring on board healthcare investors who share in the same goal of improving the lives of people. He is investing his efforts to provide a platform in which customers will be exposed to data and information that will better their understanding of pelvic floor disorders, and eventually drive down the costs of accessing healthcare, especially for long-term users.
The company made its first breakthrough in April this year, when its first product LEVA, was approved by FDA. The company is continually working to improve the efficiency of its products in treating pelvic floor disorders. Part of the money raised from the Series B round will go towards developing a new generation of Leva. The company, under the leadership of Beer is focused on discovering new medical innovations that will solve the problem of pelvic floor disorders and improve the quality of lives of those affected. Digital health plays a critical role in the vision of Marc Beer and his partners.
It takes a visionary leader like Marc Beer to see identify gaps in healthcare and seek to bridge them through innovations and technology. Renovia Inc.’s products are set to benefit several women across the world suffering from pelvic floor disorders. Beer has a Bachelor of Science (BS) degree from Miami University. Besides his executive duties at Renovia, he is a business strategist and a consultant in the areas of biotechnology, pharmaceuticals and digital health. Learn more: https://www.linkedin.com/in/marcbeer