MyBrainSolutions (MBS) [parent company Brain Resource Limited], a San Francisco, CA- and Sydney, Australia-based provider of software-based brain assessments and brain training, recently secured $20m in funding with $10m in working capital.
Led by Bell Potter Securities and Gleneagles Securities, the transaction provides growth capital while simplifying the capital structure and eliminating the company’s long-term debt. The funds raised will be used to expand the brain health platform to address multiple new market opportunities as well as activate and penetrate distribution channels to generate customer and market share growth.
Backers included Australian institutional investors, U.S. angel investors and the company’s new leadership team.
Led by Dr. Evian Gordon, founder and chairman, Louis Gagnon, Chief Executive Officer, Matthew Mund Chief Operating Officer, Marcel Legrand, Chief Revenue Officer, and Emil Vasilev, Director of Finance, Brain Resource Limited, parent to MyBrainSolutions, applies clinically validated brain assessment and brain training to improve behavioral health outcomes via SaaS products that leverage a large standardized brain database to decrease stress, improve resilience and increase the productivity of individuals, while reducing healthcare costs for employers and insurers across the United States.