Telemedicine company raises $1.5 million in seed financing, aims to double it
Satchel Health has announced the completion of a series seed round of financing, which totals $1.5 million.
The board of directors chose to extend the round and pursue another $1.5 million. The financing came from both local investors and NueCura Partners.
“The board's decision to seek an additional round of funding is a result of an increasing need for better, more convenient care options, particularly in the post-acute care space,” said Lanson Hyde, CEO of Satchel Health. “This latest investment round validates the work Satchel Health has done to develop a solution to meet these needs, and ensures we will continue to the have the necessary means to further evolve our care platform to address ongoing changes in healthcare delivery.”
The latest round comes less than a year after the company received an angel investment for more than $1 million.
Satchel Health is a healthcare technology company based in Nashville, TN. It works to create innovation in healthcare accessibility through telemedicine for post-acute providers. The company offers a livestream two-way video solution that allows physicians to examine patients remotely.