Jim Tananbaum’s Foresite Capital Helps Mindstrong Health To Raise $14 Million

Recently, Mindstrong Health, a startup that uses new technology to enhance the treatment of neurological disorders, announced that it had secured $14 million in a series A round of funding. Foresite Capital, ARCH Venture Partners, Optum Ventures, One Mind Brain Health Impact Fund, and Berggruen Holdings played a pivotal role in facilitating the funding process.

Its artificial-intelligence powered platform seeks to monitor patterns of interaction on smartphone devices, thus be able to measure brain functions. The firm’s platform intends to offer constant digital biomarkers of mood and cognition.

According to Mindstrong, their technology includes processing speed, memory, attention, and executive function.

Paul Dagun, the CEO of Mindstrong Health, notes that the entire modern medicine is based on objective measurement. However, monitoring of mental health has been restricted to subjective reports in a clinical setting. To enhance the results of people with mental disorders, objective measure is needed just like in the cases of diabetes and other chronic diseases. The firm’s technology delivers continuous and objective measures of behavior and cognition at an unprecedented level of resolution and insight.

Mindstrong has created an innovative platform, which uses patient’s pattern of typing and scrolling on a smartphone to measure his or her brain function. The new assessment approach is powerful and serves as the basis for creating better inventions to enhance mental health care. Mental disorders are global health concerns. Mindstrong Health’s president and co-founder, Dr. Tom Insel, posits that through the use of smartphones, there is potential solution to the problem.

The company’s seeks to enable people to comprehend the serious challenges surrounding the way people suffering from cognitive health disorders are catered for. Paul, Tom, and Rick’s combined experience and technical vision offers an innovative platform for the company to develop innovative products and services. Jim Tananbaum, the CEO of Foresite Capital notes that the platform modernizes and broadly improves the way that health care is offered. Visit Crunchbase to know more.

About Jim Tananbaum

Jim Tanabaum is the brain behind the success of Foresite Capital. He graduated from Harvard University with an MD and holds an MBA from the revered Harvard Business School. In addition, Jim Tananbaum has a B.S. and B.S.E.E. from Yale University.

Jim Tananbaum has headed investment practices in different companies, including Amerigroup, Jazz Pharmaceuticals, and Amira Pharmaceuticals. Prior to working for Foresite Capital Management, Jim worked for GelTex Pharmaceuticals. Notably, he was named in Forbes’ Midas List 2017.

Read more: http://www.massdevice.com/neuropsych-treatment-diagnosis-platform-dev-mindstrong-health-raises-14m-series/

Brad Reifler, a strong investor and entrepreneur

Brad Reifler is one of America’s strongest and brightest entrepreneurs. He has launched numerous companies in the United States. Brad Reifler’s entrepreneurial career began in the 1980s, when he launched Reifler Trading Company. The trading company handled more than hundreds of millions of dollars in discretionary accounts and later dealt with institutional research. Reifler sold the growing company in 2000. Reifler received a bachelor’s degree from Bowdoin College.

Brad Reifler also founded Pali Capital in 1995, which focused strictly in equity markets. During Brad Reifler’s time as CEO of Pali, the company raked in over $1 billion commission income and hired more than 300 people and had offices in four continents. Brad Reifler is currently active with Forefront Capital, where he currently serves as founder and CEO. The group was started in 2009.

Forefront has gained the attention of members Fortune 100 and Fortune 500 companies and Wall Street executives. Reifler connects asset managers to institutional investors giving them expert investment advice and consultancy.

Bloomberg also reported that Brad Reifler has become a leading expert on the bitcoin revolution and has offered his views on several news programs on cable including MSNBC. According to Crunchbase, Brad Reifler offers small tidbits of investment knowledge through his Twitter account, which has 69 followers but continues to gain likes and followers each day.

Reifler serves on the board of several companies including ITG Market Research Inc., Root Markets, Inc., ROOT Exchange, Symmetry Property Development and Sino Mercury Acquisition Corp.

Brad continues to be a strong investment leader in the country and continues to help executives invest wisely and give them the tools needed to bring back large returns on their investments. Reifler works day and night keeping Forefront strong, and continues to watch it grow. Reifler has spent years gaining investment knowledge from hundreds of resources.

Learn more about Brad Reifler: http://www.marketwired.com/press-release/brad-reifler-forefront-capital-advisors-ceo-announces-new-partnership-with-easter-seals-2104550.htm