Shareable Ink, a Nashville, TN-based provider of enterprise-grade digital pen and paper applications for healthcare, has closed a $4.5m Series A financing round.
Investors include Heritage Group, The Martin Companies, Nashville Capital Network, Founder Collective, and Chip Linehan, who is a special partner at New Enterprise Associates.
In conjunction with the funding, David McClellan and Hal Andrews have joined the company’s board of directors.
Shareable Ink provides a software platform that enables healthcare organizations of all sizes to convert handwritten information on paper forms to data for electronic health records and other information systems.
In addition, the company provides analytical tools that “data mine” paper records. The solution is designed to increase the productivity of physicians and nurses while helping their organizations transition to electronic and actionable healthcare information.
As also stated by Stephen S. Hau, President and CEO of Shareable Ink, the proceeds from this financing will allow the company to further develop its products, as well as support its customer base.
It also operates a regional office in Newton, MA.