Women startup Renovia raises $42 million for new projects

When a company is launched, everyone expects it o go through difficulties before finally stabilizing in the industry. This observation is because there are many challenges that startups face. However, in the case of Renovia Inc., things have been different. Under the Chief Executive Officer Marc Beer, the company has made tremendous progress. The latest milestone is the securing of a $42 million funding that will go towards the development of new devices meant to treat women who are suffering from pelvic floor disorders. The company says that they are now ready to embark on one of their most ambitious missions.

The pelvic floor disorder problem

The reason Renovia Inc. was formed was to help women who were suffering from pelvic floor disorders, but they could not access any help. The firm estimated that these women exceed 250,000 meaning that it was a worrying condition. The worst part was that the devices being used were not effective enough and so, the company took it upon themselves to develop devices that would be used to diagnose and offer therapy to women with such conditions. They assembled a team of experts who studied the situation and designed tools that will go a long way in healing the women.

The next plan

CEO Marc Beer says that will go straight to work on the four devices that they hope o release soon. These are devices that have been specially designed for women with pelvic floor disorders. They come with innovative features that will solve most of the problems that doctors have been encountering during their work. In addition to that, they are devices that have been developed for the future so that they can help in solving some of the emerging problems. One of them is a new version of their famous tool, Leva. The new version will be even more useful because it is developed with more features.

How the funds were raised

According to a statement from the CEO, a significant portion of the funds as raised thanks to the partnerships that they have had with other companies. For instance, a company called the Longwood Fund invested in the company several months before the funds were raised. It is this company that played a significant role through Series B from where $32 million was collected. This amount means that without their partnerships, things would be different unless they took another strategy.

About Marc Beer

Anyone who has been following financial news over the past decade knows about Mar Beer, the CEO, and chairman of Renovia Inc. The Miami University graduate has experience in managing companies in various niches. For more than 25 years, he has been working with other teams to come up with devices that treat several health complications. He is a co-founder at Renovia Inc.Learn more: https://www.bizjournals.com/boston/potmsearch/detail/submission/6457372/Marc_Beer

U.S. Money Reserve becomes most competitive gold coin clearing house

U.S. Money Reserve has risen through the ranks, over the last two decades, to become the single largest provider of coin sales and related services within the United States. Its ability to deliver excellent service to customers seeking to purchase gold, silver and platinum coins is second to none. With one of the most trusted names in the industry, customers know when they choose to buy through U.S. Money Reserve they are getting the best possible price on the highest quality product.

 

Founded 15 years ago by Phillip Diehl, the former director of the U.S. Mint, U.S. Money Reserve has steadily risen to become the most important player in the U.S. gold coin industry. This has been accomplished through a number of unique services that the company offers. One of these is the provision of in-house experts, who work with all interested clients of U.S. Money Reserve to develop retirement plans, including sophisticated use of individual retirement accounts, to successfully allocate their gold coin purchases in furtherance of their retirement goals.

 

Many customers are not aware of the fact that, through the use of accounts called self-directed individual retirement accounts, it is possible to retain all of the tax advantages and other financial benefits of an individual retirement account while allocating a significant portion of the account into precious coins. Because this feature is not available to traditional individual retirement accounts, this provides an incredible opportunity for those who seek the shelter and security of an asset which has historically performed outstandingly throughout all of history’s financial down turns. Simply put, there is no better asset in which to invest one’s money, in terms of weathering financial turmoil, than precious coins made of gold, silver or platinum. These assets have generated a track record of strong performance that has lasted literally millennia, longer than any other asset class in human history.

 

But U.S. Money Reserve is always looking for ways to add even more value to their customer interactions and increase the satisfaction of their clients every day. One example of this has been the rollout, over the last year, of a new website that includes an extensive knowledge database as well as a streamlined purchasing interface that allows customers to become owners with more ease and efficiency than has ever before been possible.

 

This is just one of the many things that have allowed U.S. Money Reserve’s to become the nation’s premier dealer in precious coins while delivering excellent service to its customers for more than 15 years.

 

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