Shareable Ink Raises $3 Million

5-29-2013 9-33-39 PM

Health IT startup Shareable Ink raises an additional $3 million in funding led by Minnesota-based Lemhi Ventures, which led a similar round last year. This brings Shareable Ink’s total to $14 million since its 2008 formation.

The company’s flagship product is a cloud-based physician documentation tool that allows doctors to use a digital pen to fill in the same paper forms they have been using for years while simultaneously converting the writing into structured data and integrating it with the hospital or practice EMR.

Founded in Boston by Harvard alum Stephen Hau, Shareable Ink moved its operation to Nashville in 2010 through the TNInvestco program. The program offers VC money to startups willing to move their budding businesses to the Nashville area. In this case, Shareable Ink received $4.5 million in early funding and was able to significantly grow its customer base, add new products, and expand its workforce.

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