• An estimated 250 million women worldwide are affected by urinary incontinence
• Renovia currently has a product on the market to treat female urinary incontinence
• The company raised over $25 million in equity financing in July of 2018

Renovia Inc. (“Renovia”), a company dedicated to discovering and delivering first-line digital therapeutic and diagnostic devices for women with pelvic floor disorders announced on 8/21/18 the close of $42.3 million in financing, including $32.3 million in Series B equity and $10 million in venture debt. Proceeds from the funding will be used to support Renovia’s clinical trials, product development pipeline, corporate development and future commercial launches.

“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,” said Marc Beer, Co-Founder, Chairman and Chief Executive Officer of Renovia. “This mix of existing and new financial investors, and the participation of three leading integrated health networks with whom we can partner, is so well-aligned with Renovia’s clinical and commercial vision.”

Urinary incontinence represents a common and burdensome global condition, affecting an estimated 250 million women worldwide. Since its founding in 2016, Renovia has been committed to developing a product pipeline with the therapeutic and diagnostic potential to have a profound positive impact on the lives of women. Renovia’s existing FDA-cleared device has a targeted mechanism of action that isolates and directs optimal movement of the levator plate. This device and the full product pipeline all leverage state-of-the-art patient-based apps and data management technology to provide precise, cost-effective treatment of weakened pelvic floor muscles in real-time, while collecting actionable compliance and progress data on women’s pelvic health. In 2018, Renovia added key members of senior leadership, including the appointments of Samantha Pulliam, MD as its Chief Medical Officer, Jessica McKinney, PT, MS as Vice President of Medical Affairs and Clinical Advocacy, and Jim O’Connor as General Counsel.

In July of 2018, Renovia raised over $25 million in equity financing.