Young health care technology venture Shareable Ink has raised another chunk of capital.
The company, which markets a technology that allows physicians’ handwritten notes to be converted into structured data and predictive analytics, has raised a series B round totaling roughly $5 million. The backing primarily comes from health care-focused venture capital outfit Lemhi Ventures, which is based in Wayzata, Minn.
“Today, quality venture capital is highly selective, only focusing on the companies and teams that showcase the most meaningful offerings and the best talent,” said Stephen Hau, president and CEO of Shareable Ink. “We are thrilled by Lemhi Ventures’ endorsement and our shared vision of helping the business and practice of healthcare become more data-driven.”
Hau relocated the company to Nashville from Boston last year after landing funding from, among others, the Martin Companies. Since then it has been one of the brighter stars in the Nashville technology and start-up communities.
Recently, NashvillePost.com listed the company among its Fast 15 thanks to its rapid growth. With this latest injection of capital, that growth trend will likely stay on track.