DURHAM,
N.C., July 18, 2024 /PRNewswire-PRWeb/ -- Mindr,
an AI-driven digital platform for reducing the risk or delaying the
onset of Alzheimer's disease and other dementias, has successfully
pivoted after an initial capital raising effort faced significant
challenges due to an unfavorable funding environment. Demonstrating
resilience and determination, Mindr has recruited a dedicated team
through an equity compensation bridge strategy, driving significant
progress toward its mission of revolutionizing preventive cognitive
health as the team prepares for beta launch and fundraising.
When plans to raise capital for Mindr's V1 MVP proved
unsuccessful in 2023's adverse fundraising environment, the team
didn't falter, it pivoted, successfully recruiting a dedicated team
of developers and instructional designers willing to work for
equity on a bridge basis.
A Strong Start:
Mindr's 90-day proof of concept pilot program, completed in Q1
of 2023, exceeded expectations with an impressive 88% activity
completion rate and significant improvements in client-reported
cognitive and quality of life metrics. On the back of this success,
Mindr signed up its first paying customers and presented pilot
findings at the Alzheimer's Association International Conference in
Amsterdam in 2023.
Strategic Pivot:
When plans to raise capital for Mindr's V1 MVP proved
unsuccessful in 2023's adverse fundraising environment, the team
didn't falter, it pivoted, successfully recruiting a dedicated team
of developers and instructional designers willing to work for
equity on a bridge basis. Over the same period, Mindr joined
Startup Health and doubled its beta participant waitlist through
heightened visibility and marketing partnerships. These successes
underscore both the inspirational value of Mindr's mission as well
as the team's resilience and commitment to revolutionizing
preventive cognitive health.
Looking Ahead:
After 9 months of development, feedback, and refinement, Mindr
is set to begin alpha testing its V1 MVP in August 2024, with a beta launch slated for
December 2024. Product development is
enhanced with the support of Teepa Snow's Positive Approach to
Care, both in terms of content quality assurance as well as
recruiting beta participants.
Ready for Growth:
In August of 2024, Mindr is preparing to launch a new
fundraising effort to support its next phase of growth. This round
will focus on hardening the platform for launch, ensuring HIPAA
compliance, scaling infrastructure, launching a B2C go-to-market
strategy, enabling clinical efficacy studies, and developing the V2
product, which will use V1 user data to train AI activity
generators and ML personalized wellness planning.
Call to Action:
As Mindr approaches its beta release, the company invites
interested individuals to sign up for the beta program and
experience its innovative approach to cognitive self care
firsthand. Mindr encourages anyone interested in its mission to
join the beta waiting list or subscribe to the newsletter for
regular updates at the bottom of this page.
About Mindr:
Mindr is a revolutionary digital platform designed to reduce the
risk or delay the onset of symptoms of Alzheimer's disease and
related dementias through evidence-based, multidomain lifestyle
interventions. Utilizing a combination of human coaching and
AI-driven technology, Mindr delivers personalized, habit-building
programs that help users maintain cognitive health and
independence.
Mindr: Daily care for brain health, helping you to help
yourself.
Media Contact
Adam Schultz, Mindr, 1
9194518983, info@mindr.us, http://Mindr.us
View original content to download
multimedia:https://www.prweb.com/releases/turning-setbacks-into-success-mindr-leverages-equity-compensation-to-drive-growth-amidst-funding-challenges-302199199.html
SOURCE Mindr