Jacob Bar-Shalom, CPA, MBA

Experience

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  Degem Systems

  Jan 1990 - Mar 1993

  Financial Manager

  Prepared the company for road show for major investors in the US, and completed the subsidary prospectus for IPO on NASDAQ.

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  Ernst &Young

  Jan 1993 - Mar 1995

  Manager

  Performed economic analysis, M&A, liquidations, due diligence, and examination of investment profitability and receiverships.

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  BDO Seidman

  Apr 1995 - Apr 1999

  Manager

  Supervised the Initial Public Offerings (IPO) of Israeli High-tech companies on NASDAQ.

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  ClinicMind (formerly eSpoc)

  Apr 1999 - Dec 2001

  Co-Founder, Chief Financial Officer

  Initiated - from concept to reality - a startup company that was financed by Reuters Greenhouse Fund and OpenText, Inc. The Company developed a sophisticated market place for the trading of medical devices over the Internet. Responsible for all corporate finance, business development, IR & treasury functions.

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  Digital Fuel, Technologies, Inc.

  Dec 2001 - Jan 2005

  Chief Financial Officer

  Effectively managed all finance, treasury, human resources, and global administrative functions for an international software company, which was later acquired by VMWARE. Secured over $30 Million in private placements and venture debt. Led the set up operations in California and London. Worked closely with leading VCs, Sigma Partners and Benchmark. The startup grew from $1M in revenues and 10 employees to over 100 employees with nearly $40M in revenues.

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  MyThings

  Jan 2005 - Jan 2008

  Group Chief Financial Officer

  Effectively managed global financial transactions in Internet services startups that grew from 15 employees to 140, raised over $20M from leading VCs, Carmel-Viola Group and Accel Partners. Led the set up operations in California. Negotiated complex transactions with partners and US customers. Managed a unique business model to support the fast growth.

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  Schindler Financial Group

  Jan 2008 - Dec 2010

  Chief Financial Officer

  Managed outsourced CFO services for several startups. Lea turnaround processes, helping in processes of raising funds from VCs and provided guidance in negotiations of complex transactions for startups. Worked closely with CEOs on setting the right growth strategy. Built financial teams in startups .

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  MicroFinance Israel

  May 2010 - Jan 2016

  Chairman of the Board. Co-Founder

  Microfinance Israel is a Non-for-Profit organization which provides support, mentoring, networking and loans for micro-enterprises. The organization helped over 100 families to alleviated poverty through opening micro-enterprises.

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  GlucoTrack [NASDAQ: GCTK]

  Nov 2010 - Dec 2013

  Chief Financial Officer

  Led the comapny to IPO through triangular reverse merger and listings at OTC market. Raised large scale equity from Investors in US markets. Implemented ERP and SOX systems. Built and supervise Legal, Finance & Administrative teams in the US and Israel.

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  Voice Recognition (Publicly Traded)

  Jan 2013 - Jan 2016

  Chief Financial Officer

  Led the company through turnaround, reverse merger and IPO on Tel-Aviv Stock Exchange (TASE). Led road shows in the US with Investment Banks and PE. Managed complex financial transactions. The company provided automatic transcription services (SAAS) for Medical markets and executed on its growth strategy through M&As.

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  FinanceJBS.com

  Feb 2016 - Dec 2022

  General Manager

  Managing boutique services for Emerging Companies, Startups and Entrepreneurs. Focusing on Business Development, Strategy and Financial Services for FinTech & Hi-Tech companies. Secured large scale equity and debt for Start-Ups from VCs, Strategic Partners & Venture Lending firms. Recent achievements include securing nearly $40M in equity and CLA conversions for startup and helping VC in securing funds from PE.

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  Ben-Gurion University of the Negev

  Sept 2018 - now

  Adjunct Professor in Finance and Entrepreneurship

  Lecturing on Entrepreneurship, Solving Complex Management Dilemmas and Financial Statements Analysis and Business Valuation in both Faculty of Business & Management and the Faculty of Engineering Sciences. Lecturer at the International MBA Program & in Excellence Programs

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  ClinicMind

  Aug 2022 - now

  Chief Financial Officer | Board Member

  Strategized the growth in Digital Healthcare operations, organically and through M&As. Implemented a new roll-up strategy and completed the assets’ acquisition of 8 companies within 18 months. Rebuild financial, operational and legal infrastructure, while implementing new systems and policies and building new teams remotely, to support the growth and the strategic change from operating as a software house towards becoming the leading platform for providing SaaS and RCM services to thousands of medical practices in the US. Set new models and KPIs to monitor SaaS operations while growing ARR by 90% in 18 months aiming towards achieving the Rule of 40. Prepared the company to be well positioned for securing a major investment from PE to finance continued growth. Show less