NCN Case Study:Shareable Ink

Shareable Ink provides a digital pen and paper technology that enables healthcare platforms to capture, report, and act upon electronic health information without changing clinical or back-office workflow. The company was founded by Stephen Hau, an MIT graduate and founder of the healthcare IT company Patient Keeper.

Shareable Ink was introduced to NCN by one of the company?s early angel investors, who is a member of NCN?s Angel Group. Shareable Ink expressed an interest in meeting Nashville-based investors who could bring healthcare expertise and relationships to its board of directors. NCN introduced Shareable Ink to notable healthcare investors including Heritage Group and The Martin Companies who saw promise in the company and joined in the evaluation and oversight of the opportunity.

After introducing Shareable Ink to the abundant healthcare resources in Nashville, NCN and the other Nashville investors were able to convince Shareable Ink to move the company?s headquarters to Nashville.

NCN worked with the investors to negotiate investment terms that would attract the proposed the $4.2 million Series A funding. NCN received a high level of interest from its Angel Group and was successful in raising enough money to complete an even larger raise at just under $4.6 million. The investor group included healthcare angels, NCN Angel Fund, and the TNInvestco Tennessee Angel Fund.

Shareable Ink closed its Series A funding in November of 2010 and has since been evolving its product suite and adding customers at an impressive pace.