Innovative research and advances in medical technology are important to the entire global population. Recently two websites published short write-ups about a new company that had secured funding to begin production of a new way to treat neurological disorders. The websites were PatientDaily.com and massdevice.com.
The articles both talked about the company Mindstrong Health and the fourteen million dollars they they recently secured in funding for their product. The company secured funding from several companies, with Foresite Capital being the largest contributing investor. Mindstrong Health’s objective is to create a way that allows smartphones to help diagnose and treat several neurological disorders. They will be able to do this by tracking the individual’s habits of typing and scrolling over a specified period of time.
Foresite Capital is a great firm to have as a major contributing investment company and will be a great match for Mindstrong Health. Foresite Capital is headed up by Jim Tananbaum, a leader in the venture capitalist industry. Jim Tananbaum has over 25 years in the industry and founded Foresite Capital in 2010. Prior to starting up Foresite, Jim oversaw several other companies including; Prospect Venture Partners, Sierra Ventures, and Theravance.
Before beginning his career in the venture capital investment industry, Jim attended college at several universities. Jim attended Yale University and earned his Bachelor’s of Science degree in Electrical Engineering. He also earned his Master’s of Science at MIT, a medical degree at Harvard Medical School, and an MBA at Harvard Business School.
Jim Tananbaum’s career has been an extremely successful one. He has been on the Forbes’ top 100 Best Venture Investors list for the last three years in a row. He has also sat on several advisory boards such as Yale’s President Advisory Council and the committee for the Harvard-MIT HST program.
The future of healthcare is definitely in good hands with Jim Tananbaum. His education and experience is a great asset to the healthcare industry. It will definitely be interesting to see what Mindstrong Health comes up with in the future for neurological health treatments.
To learn more, visit Jim Tananbaum’s crunchbase page.