Jim Tananbaum helps Mindstrong Health to Raise Funds

Mindstrong Health is a successful startup that uses smartphones to treat and also diagnose any neuropsychiatric condition. Since it was established several months ago, the modern company has done a lot to help individuals who are living with mental disorders. The leadership of the institution has played a leading role in the success of the technologies used by the private company.

Just recently, Mindstrong Health announced that it had already raised fourteen million dollars in Series A funding. According to the top management in the institution, the money was collected from different investors coming from all over the nations. The investors who have given their money include Foresite Capital, One Brain Impact Fund, Optum Ventures and ARCH Venture Partners.

Paul Dagun serves as the chief executive director of the company. When making the announcement, the founder of the successful modern company said that the medicine developed was only focused on objective measurements. The experienced medical officer says that experts have not been able to find an effective way of tracking the mental health of the modern patients in a clinical setup. According to Paul, this has affected the outcomes of the treatments received by the patients. http://www.fiercebiotech.com/venture-capital/foresite-capital-reloads-a-450m-biotech-venture-fund

Individuals living with chronic illnesses like diabetes, heart disease and other have all the facilities they need, unlike the mental cases. Because Mindstrong Health has worked with people with a mental health condition for a while, it has realized that using the modern technology is the best way to help the patients. Using the funds raised in the campaign, Dagun believes that more patients will get the help they want so that they can live a normal life. Paul says that his institution will do its best to make the patients comfortable.

Jim Tananbaum is the founder and president of Foresite Capital. In an interview, the businessman says that he decided to fund Mindstrong Health because it is one of the best companies that specialize in mental health. His company, Foresite Capital, offers resources to businesses in the healthcare industry so that they can reach their goals. Mindstrong Health will benefit from the funds given by the organization. Visit the website at officialjimtananbaum.com.

Check out Jim Tananbaum’s Linked In profile to learn more about him.

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