Category: People

“Marc Beer’s Renovia Receives $42 Million Series B Funding To Boost Women Health “

Last year, 2018 was a good year for Marc Beer when it was confirmed that Renovia Inc. a company he helped co-found in 2016 would receive $42 million. The money would be used to produce various healthcare products that help diagnose and treat various pelvic floor disorders among women sufferers. The Series B funding, whose funders include one former donator, Longwood Fund, will be released in two batches. The first batch of $32 million, which was announced in August 2018, is in cash while the $10 million remainder is in venture debt.

 

While the $42 million is the greatest donation so far, it is not the first funding Marc Beer has received. In early 2018, Marc Beer’s Renovia Inc. received its first funding from Longwood Fund, a premium investment company that deals in the production of various health-related products. It is during this initial funding that Marc Beer’s company successfully produced and launched its debut product. In April 2018, Food and Drug Administration (FDA) approved the use of Leva, a gadget produced by Renovia Inc. to help diagnose and treat urinary incontinence and related pelvic floor disorders among women.

 

Latest reports from the World Health Organization (WHO) show that various forms of pelvic floor disorders affect more than 250 million worldwide. With this vast number of sufferers, Marc Beer’s Renovia Inc. is committed to producing the latest high-end biotechnological devices that help to diagnose PFDs. While the first funding successfully saw the launch and approval of Leva, Renovia’s debut product, part of the second funding dubbed Series B will also go toward the improvement of the first device. According to Marc Beer, part of the $42 million his company has received will be used to launch and carry tests on a newer version of Leva.

 

A major part of the funds will, however, be directed to the production of three other devices, which Beer says will significantly help in the treatment of PFDs among women. Although Marc did not mention what the devices are, it is evident that the company will embark on their production once the funding has finally been received. In a statement to thank his partners, Marc Beer said, “We are thrilled to have the support of this group of leading healthcare investors who share our vision to better diagnose, treat and improve the lives of millions of women affected by pelvic floor disorders.” Learn more: https://renoviainc.com/leadership/

 

Marc Beer is an accomplished manager with over 25 years of experience in the health biotechnology sector. Before starting Renovia Inc. the father of three worked for ViaCell. He joined this biotechnology firm in 2000. He rose to various ranks and before the company was placed under new management, Marc Beer served as its Chief Executive Officer.

 

“Closer” Transformed Chainsmokers into Superstars

It has been little over two years since the music duo, Chainsmokers in collaboration with Halsey released their biggest hit song “Closer.” Recently the hit was certified diamond in the USA for making sales over 10 million units. The Chainsmokers together with Halsey released the good news through their Instagram pages by posting photos taken holding their plaques to prove that they really now have a diamond single under their belt.

The last certification for Chainsmokers was in 2017 when the Recording Industry Association of America certified the song when it attained 7 million sales. The track quickly bolted to become the top Hot 100 song during the summer of 2016 and it ruled the charts for a long time than people expected would be possible. Further, the song controlled the listing of all the genre singles for at least a dozen times while trying it against various blockbuster releases to earning the title of the fourth song to run the longest as the No. 1 hit in the country’s history.

“Closer” has also won a number of awards and the song has also been the influencing factor to the duo’s first Grammy Award nomination. Although the song won various awards it was not able to win the award for the Best Pop Duo that is awarded to the group performance category. It lost the award to “Stressed Out,” sung by the Twenty One Pilots. However, “closer” has maintained its popularity over the two years through sales, airplay on radios and streams, It is just recently that the song lost the No.1 spot on the Billboard’s category of Hot Dance to “The Middle,” a song by Zedd, Grey, and Maren.

Before the Chainsmokers released the song “Closer” they were doing fairly well in the industry. In this time they had few songs on the top 10 hit songs which pushed their relevance in music. However, when they released “Closer,” there was a complete transformation of the situation and the song turned them into superstars. In the song, they collaborated with Halsey, and it also became her breakout single as a new artist, although she had already proven herself worthy and with a large fan base before the “Closer.”

https://itunes.apple.com/us/artist/the-chainsmokers/580391756