Growing any type of organization can be a challenge. In order to grow your company, you may need to raise capital from outside investors. While this can prove to be a challenge for some people, there are other organizations that have such great concepts and futures that they are able to raise it through a variety of different private equity and venture capital funding. One organization that has done a great job of raising capital over the past few years is Renovia.
Over the past few years, this company has been able to raise several different rounds of private-equity. This recently has included a $32 million series-B fund that will be used to help continue to grow the organization. Renovia continues to be a very popular option with investors due to the medical technology demand that is growing in the field. Today, the organization is very well known for being the innovator behind a variety of different medical devices and other products that are continuing to shape the industry. Learn more: https://renoviainc.com/
Along with the new round of equity, the company will also be receiving a $10 million round of venture debt. The more than $40 million of new money coming into the company will help to fuel the growth for the next few years. The company plans to use the money to raise working capital, invest in new product lines, market, and bring a number of new exciting concepts and products to market. This would be an impossible task if it was not for the new round of funding.
Ever since the company was formed, Renovia has continued to be very impressive to investors and other stakeholders. While the medical technology industry is very competitive and hard to succeed in, the company has continued to do well. Much of the success is due to the leadership of the company’s CEO Marc Beer. Follow Marc Beer on LinkedIn
In his role as CEO of Renovia, Marc Beer has been responsible for a variety of initiatives that have been used to grow the company. While the organization has been able to come up with some great concepts, the leadership provided by Beer has been the central driving force behind the success of the company. Over the past few years alone, he has led many different rounds of debt and equity raising that has allowed the company to invest further into new technology.
While Marc Beer has been a very big part of the Renovia team, he has also found other ways to give back. Beer is a very significant part of a variety of advisory councils for the Univeristy of Miami and the University of Notre Dame. He also continues to participate and donate to a range of charitable organizations.