Recently Renovia, a new startup focused on women’s health completed another series directed at raising capital for their endeavor. The funds will be utilized for clinical research for pelvic floor disorders. The funds will also be allocated toward development of new tools, devices, and therapies that will aid in reducing symptoms of pelvic floor disorders.
The support will aid in running clinical trials, and putting up new products that are developed, as well as corporate development. There may also be funds allocated to any new commercial development as it occurs.
Each series of raising capital is important, but Series B was significant in that it raised by funds that are focused on healthcare. Groups included the Longwood Fund, Cormorant Asset Management, Western Technology Investment, and a few others. The advisor to Renovia was BayCross Capital Group which is out of Massachusettes. Marc Beer, the Co-Founder and CEO of Renovia Inc., is thrilled with what has transpired so far.
Recently, in a press release, Mr. Beer stated that he was thrilled with the participation from the investors that were a part of Series B. The groups that jumped in to be a part of raising the funds are all focused on healthcare and the technology that is so prevalent in healthcare today. He personally feels that those who did participate along with the health networks that were involved is a great representation of what Renovia’s vision is long-term.
Mr. Beer also went on to say that they are focused on utilizing a digital health platform. Over the last few years, healthcare has changed to a more digital approach. This also means that those who can benefit from Renovia’s products can access data that has been gathered about the best treatment options that have been selected by patients just like them.
The therapies that are being developed are digital, as well as any technology that will be used in diagnosing pelvic floor disorders. This is all because urinary incontinence has been noted to impact the lives of millions of women around the world. This company was founded in 2016, and it’s a great time to help more women that may be receiving a diagnosis.
Renovia Inc. was founded with the mission to help women with a first-line diagnosis of pelvic floor disorders. Renovia Inc. is developing diagnostic tools as well as therapeutic devices that may aid in resolving symptoms associated with pelvic floor disorders. Learn more: https://www.slideshare.net/MarcBeer