The healthcare industry is one of the most important industries in the world. To help continue the advancement of the healthcare industry, there are several venture capital and private equity firms that provide capital to companies that are looking to improve the industry. One of the leading providers of capital to the healthcare industry is Foresite Capital. Foresite Capital has provided venture capital to dozens of companies in the healthcare industry.
One company that Foresite Capital has invested in is Mindstrong Health. This company is a startup that is focused on diagnosing certain neuro disorders with the use of a smartphone. The CEO of Mindstrong Health has stated that the neuro field is the one field of medicine in which objective data is not used to classify certain disorders. Instead, many neuro disorders need to be classified by only using subjective data provided and analyzed by doctors. Visit Medium to know more.
Mindstrong Health is now introducing a new platform that will be able to analyze the way that a patient scrolls and types on a phone. This will then be able to assess the overall level of brain function. The applications that they are working on will also be able to determine the mood of the user and use other biomarkers in an attempt to diagnose certain issues. Due to the potential that this application has on the neuron science industry, and other applications, Foresite Capital was very excited to invest. The company has provided more than $14 million in capital to Mindstrong Health, which will be used for working capital, development of the application, and marketing.
For the past six years, Foresite Capital has been ran by Jim Tananbaum. Jim Tananbaum has over 25 years of industry experience focused in the healthcare industry. He has a degree from MIT, Harvard, and Yale, and has worked for a number of healthcare startups, pharmaceutical companies, and venture capital firms. Jim is also involved in a number of boards and charitable organizations that are focused in the education or healthcare space. Check out officialjimtananbaum.com.