Jim Tananbaum’s Foresite Capital Management among the Funding Firms for Mindstrong Health

Foresite Capital Management was among the four investors that took part in Mindstrong Health’s Series-A funding round that saw the startup raise $14 million. These funds will go a long way in helping Mindstrong Health realize its goals of innovating new ways of treating neuropsychiatric disorders. Notably, the startup is keen on finding ways through […]

Foresite Capital Management was among the four investors that took part in Mindstrong Health’s Series-A funding round that saw the startup raise $14 million. These funds will go a long way in helping Mindstrong Health realize its goals of innovating new ways of treating neuropsychiatric disorders. Notably, the startup is keen on finding ways through which use of smartphones can diagnose these disorders. The other three investors in the funding round were ARCH Venture Partners, One Mind Brain Health Impact Fund, and Optum Ventures.

What the CEO Said

CEO Paul Dagum saud, who is also the founder of Mindstrong Health, said that it’s a high time that diagnosis of neuropsychiatric disorders was taken a bit more seriously. He said that just like it’s the case in some chronic diseases such as diabetes, objectivity in tracking mental disorders in patients is of paramount importance. According to Mr. Paul Saud, this is exactly what Mindsrong Health is working towards.

By using a smartphone, it is possible to measure the brain function of a patient suffering from mental disorders. Mindstrong Health uses the scrolling and typing patterns of the patient, and use that data to measure the typing speed and how memorable the patient is. The patient’s varying mood patterns can also be tracked by simply observing the changing scrolling speed.

What Jim Said

CEO and Managing Director of Foresite Capital, Mr. Jim Tananbaum, is impressed by the job Mindstrong Health is doing. Speaking after the funding round, he hurled praises to the leadership of the startup saying that it comprises of highly experienced people. He noted on Medium.com that their understanding of diagnosis and treatment of cognitive health disorders has improved how patients suffering from the disorders are taken care of.

About Tananbaum

Jim founded Foresite Capital in 2010 as a venture capital company that invests in the healthcare industry. The firm has operations in New York City, San Francisco, and Philadelphia. Prior to founding the company, he had spent nine years working as the managing director of Prospective Venture Partners.

Jim made a debut in the managed healthcare industry in the early 90s. Since then, he has worked for firms such as GelTex, Sierra Ventures, and Theravance. He is an alumnus of Yale University, Massachusetts Institute of Technology and Harvard University. Visit officialjimtananbaum.com for more information.

Reference: https://www.linkedin.com/in/jim-tananbaum-a7562a7/