Jim Tananbaum Speaks About Why Foresite Capital Funded Mindstrong Health Inc.

The startup, Mindstrong Health Inc., succeeded in raising more than $14M in the first round of capital raising. This company specializes in developing efficient and accurate digital biomarkers used in diagnosing various neuropsychiatric treatments. The company has pioneered technology which helps physicians monitor the brain’s functioning using smartphones.

Win for Mental Health

Speaking to the press, the company’s co-founder and President, Dr. Tom Insel expressed his excitement about the significant progress made possible by their innovations. The physician described the news as a positive step in the right direction as far as battling mental disorders is concerned.

Four venture capitalist companies came together to raise the $14 million in seed money for Mindstrong Health. They are:-

  • ARCH Venture Partners
  • Optum Ventures
  • The One Mind Brain Health Impact Fund
  • Foresite Capital Inc.

Meet the Staff

The firm has hired an experienced panel of experts to run the day to day affairs of the establishment. These young professionals bring an untold wealth of knowledge and skills to the table. The CEO of Foresite Capital, Jim Tananbaum hinted at the results of their clinical trials coming out very soon. Those results would irrevocably demonstrate the effectiveness of using the gadgets and gizmos developed by Mindstrong Health Inc.

Accurate Diagnosis Saves Lives

Mindstrong’s CEO, Dr. Paul Dagum, echoed the same sentiments adding how the tech company was devoted to revolutionizing the neuropsychiatric disorders realm with powerful and accurate diagnostic tools and measures. Follow Foresite Capital on Twitter.

Introducing Jim Tananbaum

Mr. Jim Tananbaum is a serial investor and technopreneur of epic proportions. Jim Tananbaum holds a spot on 2017’s Forbes List of the top 100 most influential investors. Since 2010, Jim has been associated with several high-profile tech startups focused on the medical sector. Jim’s 25-year experience has witnessed him serving as a leader in companies like Prospect Venture Partners, Jazz Pharmaceuticals, Healtheon, Amira Pharmaceuticals and the Amerigroup.

Educational Background

Jim studied Medicine at the prestigious Harvard Medical School in the late eighties. Later, Jim enrolled at Yale University to pursue twin degrees in B.S.E.E and, in Bachelor of Science. He topped his medical studies with a top honor MBA certification from Harvard’s Business College.

Creating Successful Startups with Mike Baur

Any businessperson will tell you that it takes more than just financial resources for any business to grow and thrive in any industry. Most startups have learned their lessons the hard way. However, in this time of technological advancement, it does not pay to relive the mistakes of our predecessors. Mike Baur and Swiss Startup Factory (SSUF) clearly understands this and is committed to ensuring that this does not happen to anybody.

 

Swiss Startup Factory (SSUF) is a startup accelerator company that was formed to help innovative businesses thrive and be successful in their line of operation. The company was co-founded by Mike Baur and has its headquarters in the Swiss capital, Zurich. Among the incredible opportunities that this company provides for its entrepreneurs is providing them with capital funding, a business location at the capital, business mentorship, and industry connections. All these services are shelved under the three months program that the company offers.

 

At the top seat ensuring all this happens is none other than Mike Baur. Mike is a professional like no other. Despite having a successful career in the banking sector, Mike decided to leave his career at its prime in the quest of following his passion. The business executive is highly knowledgeable in matters finance where he completed his undergraduate at the University of Bern and acquired an MBA from the University of Rochester. In addition to the academic qualification, Baur has a wide breadth of knowledge that includes 20 years of banking practice at different Swiss banks.

 

Mike brings the company a wide range of financial expertise. On top of other tasks, he is solely responsible for all matters regarding financing. This includes and is not limited to helping startups source for their funds and coordinating the different fundraising rounds at the company. The second function that the entrepreneur is involved with in the company is mentorship. Mike Baur is particularly interested in helping young innovators expand and run big successful businesses in the future. When not handling finance issues, Mike will be found helping out the startups.

 

Through his leadership, Mike has been able to influence the faster delivery of services thanks to the mergers he has been able to create for the company. Of importance is CTI Invest. CTI Invest is a company that offers financial services to startups. Through this partnership, successful SSUF inventors now have easy access to funds for their businesses.