Nashville-based Satchel Health, a healthcare technology company facilitating accessibility through telemedicine solutions for post-acute care providers, recently announced the completion of a series seed round of financing totaling $1.5 million from a combination of local investors and angel investment firm NueCura Partners. The company's innovative technology platform generated significant interest from potential investors, resulting in an oversubscription of the round. As a result, the board of directors moved to extend the round and pursue an additional $1.5 million.

"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."

In the last year, Satchel Health named a new CEO and nearly doubled the size of its staff. The company's telemedicine and virtual health platform is currently deployed to post-acute facilities nationwide.