Clayton Associates

Clayton Associates, LLC is a Nashville-based investment firm founded in 1996 that specializes in seed and early-stage investments primarily in the healthcare and technology sectors. The firm focuses on companies involved in healthcare technology, digital health, and information technology, among others. Clayton Associates typically invests between $0.5 million and $6 million in companies with enterprise values ranging from $3 million to $15 million, as well as making smaller seed investments through affiliated funds. The firm seeks minority stakes of 20% to 40% in its portfolio companies and has a notable history of supporting entrepreneurs to build successful businesses. Additionally, in 2013, Clayton Associates established Clayton Advisors, a consulting division aimed at enhancing the growth and profitability of companies by focusing on innovation and strategic development. Since its inception, Clayton Associates and its affiliates have invested in over 100 companies, significantly contributing to job creation and economic growth.

Nancy Allen

Chief Financial Officer & Partner

Matthew King

Managing Partner

Past deals in Tennessee

StudioNow

Convertible Note in 2016
StudioNow, Inc. is a technology company that provides a platform designed for video production and advertising services, catering to marketers, agencies, and procurement departments. Founded in 2006 and headquartered in Nashville, Tennessee, with additional offices in New York, Atlanta, and San Francisco, StudioNow offers various solutions, including a Production Marketplace and a cloud-based Bidding and Production Platform. These tools streamline procurement and production management processes, enabling clients to source, cost, and scale video production capabilities to meet growing demands. The platform connects a global network of over 7,500 vetted professionals, facilitating the management of video production from inception to delivery. By enhancing transparency, efficiency, and scalability, StudioNow aims to simplify the production process for enterprises, digital publishers, and advertising agencies alike.

Haven Behavioral

Venture Round in 2016
Haven Behavioral Healthcare was founded on the principle of providing quality behavioral healthcare that exceeds what is found anywhere else. Our focus is not only on improving the well-being of our patients, but also for their families and communities as well. Our clinical programs are designed to meet the specific needs of individual patients. We provide an integrated approach to healing by utilizing a multi-disciplinary team of physicians, nurses, and therapists.

LogoGarden

Series B in 2016
LogoGarden.com, Inc. is an online platform specializing in do-it-yourself logo creation for businesses, organizations, and entrepreneurs both in the United States and internationally. Founded in 2010 and based in Nashville, Tennessee, LogoGarden offers a wide array of customizable logo design templates across various sectors, including finance, healthcare, education, and technology. With a focus on accessibility, the platform allows users, regardless of their graphic design experience, to create professional-looking logos quickly and at no cost. LogoGarden has attracted over 2 million users, including startups and entrepreneurs, and collaborates with larger companies to effectively reach early-stage businesses in the small business market. In addition to logo design, LogoGarden provides branding essentials such as websites, business cards, and mobile websites, catering specifically to the needs of startups.

Edo Interactive

Convertible Note in 2015
Edo Interactive specializes in providing personalized offers that are automatically accessible through credit and debit cards, as well as mobile devices. The company facilitates the connection between online advertising and in-store results, enabling advertisers to deliver targeted, card-linked offers via partnerships with banks. This innovative approach capitalizes on the convergence of digital marketing, personalization, and mobile technology. Edo Interactive is headquartered in Nashville, Tennessee, with additional offices in Chicago, New York City, and Atlanta.

JourneyPure

Debt Financing in 2015
JourneyPure LLC is dedicated to developing and operating addiction treatment centers that cater to individuals struggling with co-occurring mental health and substance use disorders. Founded in 2014 and headquartered in Brentwood, Tennessee, the company has established outpatient centers in Tennessee, Kentucky, and Florida. JourneyPure collaborates with operators of addiction treatment facilities to provide comprehensive care aimed at helping individuals, families, and communities achieve and maintain wellness. The organization is recognized for its high standards and ethical practices, attracting renowned behavioral health professionals from across the nation. Its commitment to patient success is underscored by obtaining the highest accreditation in the industry.

Clarus Care

Series A in 2015
Clarus Care is the developer of enhanced physician /patient after-hour communication tools. Clarus develops Clarus OnCall, a platform that securely documents details of a patient’s after-hours emergency and transcribes the message directly to a physician’s smartphone, tablet or email. Physicians minimize time spent relaying information to third parties, and engages, privately and securely, directly with the patient. Clarus solutions reduce risk, improve revenue, and minimize third-party errors while providing better communication and better care. Clarus OnCall, and future Clarus products, will continue to provide better communication, better communication, better privacy, and better workflow. Through the process of streamlining after-hours call management, physician practices can focus on what they do best – caring for patients.

Staffing as a Mission

Acquisition in 2015
Staffing as a Mission focuses on staffing IT, clinical, and professional positions through contract, contract to hire, and direct placement. In addition to staffing and recruiting, SaaM partners with non-profit organizations to support mission and ministry initiatives in Nashville, the US, and around the world. As a part of this commitment, SaaM donates ten percent (10%) of every dollar earned to support charities and ministries in Nashville and around the world.

JourneyPure

Series A in 2014
JourneyPure LLC is dedicated to developing and operating addiction treatment centers that cater to individuals struggling with co-occurring mental health and substance use disorders. Founded in 2014 and headquartered in Brentwood, Tennessee, the company has established outpatient centers in Tennessee, Kentucky, and Florida. JourneyPure collaborates with operators of addiction treatment facilities to provide comprehensive care aimed at helping individuals, families, and communities achieve and maintain wellness. The organization is recognized for its high standards and ethical practices, attracting renowned behavioral health professionals from across the nation. Its commitment to patient success is underscored by obtaining the highest accreditation in the industry.

NuScriptRx

Series D in 2014
NuScriptRX, Inc. operates a long-term care pharmacy store. The company engages in delivering medications to long-term care facilities. NuScriptRX, Inc. was formerly known as New Day Pharmacy Corporation. The company was incorporated in 2004 and is based in Nashville, Tennessee.

Aspire Health

Series B in 2014
Aspire Health is a new healthcare company that specializes in providing an extra layer of support to patients facing a serious illness. The company's clinicians are experts in providing patients with relief from the symptoms, pain, and stress of a serious illness, helping patients and caregivers navigate the healthcare system; guiding patients and caregivers through difficult and complex treatment choices, and providing emotional and spiritual support to patients and their families. The company's practice in each market provides disease management and care coordination across many settings including outpatient clinics, patients’ homes, and assisted living centers. It was established in 2012 and is based in Nashville, Tennessee, United States.

Entrada

Venture Round in 2013
Entrada, Inc. develops software for the automation of clinical documentation and data exchange in ambulatory clinics, surgery centres, and hospitals. Entrada, Inc. was formerly known as VocalEZ, Inc. and changed its name to Entrada, Inc. in January 2010. The company was founded in 2005 and is based in Brentwood, Tennessee.

Clarus Care

Seed Round in 2013
Clarus Care is the developer of enhanced physician /patient after-hour communication tools. Clarus develops Clarus OnCall, a platform that securely documents details of a patient’s after-hours emergency and transcribes the message directly to a physician’s smartphone, tablet or email. Physicians minimize time spent relaying information to third parties, and engages, privately and securely, directly with the patient. Clarus solutions reduce risk, improve revenue, and minimize third-party errors while providing better communication and better care. Clarus OnCall, and future Clarus products, will continue to provide better communication, better communication, better privacy, and better workflow. Through the process of streamlining after-hours call management, physician practices can focus on what they do best – caring for patients.

Ballparc

Seed Round in 2013
Ballparc develops cloud-based mobile applications for the parking industry. We began in 2012 with the idea for a single parking app and developed into a vision for a complete suite of products to manage parking operations. Ballparc is a graduate of the Nashville Entrepreneur Center's start-up accelerator program and is a portfolio company of Bullpen Ventures and ParkIT Ventures. Our headquarters are located in Nashville, Tennessee. We are proud members of the International Parking Institute, National Parking Association and Mid-South Transportation & Parking Association.

Populr

Seed Round in 2012
Populr is a communication tool that allows you to easily create & share trackable, one page websites via a drag and drop interface. ★ Visual editor With a drag & drop interface, users can create one-pagers with rich media such as text, images, video recordings, files, and embeddable services. (youtube, jotform, slideshare etc.) ★ Track views & clicks Know if your target audience engaged with your message. Stay on top of sales leads, deliver a proposal, train a new hire, and refine your marketing communications. ★ Collaborate with your team Co-edit pages with a team or get input from others ★ Personalize your messages instantly ★ Publish under your own domains

Entrada

Venture Round in 2012
Entrada, Inc. develops software for the automation of clinical documentation and data exchange in ambulatory clinics, surgery centres, and hospitals. Entrada, Inc. was formerly known as VocalEZ, Inc. and changed its name to Entrada, Inc. in January 2010. The company was founded in 2005 and is based in Brentwood, Tennessee.

Medical Reimbursements of America

Private Equity Round in 2012
Medical Reimbursements of America, Inc. (MRA), founded in 1999 and based in Franklin, Tennessee, specializes in providing reimbursement solutions for hospitals and health systems across the United States. The company focuses on identifying and recovering additional revenue by managing complex and challenging reimbursement cases. MRA conducts thorough research on each incident to determine the responsible parties for medical bill payments, which include property and casualty, liability, and worker's compensation carriers, as well as health insurance plans. Additionally, MRA offers an Accident Claims Management Solution that seeks alternative payment sources for accident-related medical expenses and a Payment Integrity Solution designed to identify underpayments from government and managed care payers.

NuScriptRx

Venture Round in 2012
NuScriptRX, Inc. operates a long-term care pharmacy store. The company engages in delivering medications to long-term care facilities. NuScriptRX, Inc. was formerly known as New Day Pharmacy Corporation. The company was incorporated in 2004 and is based in Nashville, Tennessee.

NuScriptRx

Series C in 2012
NuScriptRX, Inc. operates a long-term care pharmacy store. The company engages in delivering medications to long-term care facilities. NuScriptRX, Inc. was formerly known as New Day Pharmacy Corporation. The company was incorporated in 2004 and is based in Nashville, Tennessee.

Inova Payroll

Series B in 2012
Inova Payroll, Inc., a payroll service provider, provides payroll, human resource (HR), tax filing, and related services for companies in the United States. It offers 401(k), Section 125, health insurance, workers compensation, time and attendance, background screening, COBRA administration, PayCards, and tax credits program services. The company’s tax filing and reporting services include filing, reporting, and depositing of payroll taxes and returns. Its services also cover federal, state, and local jurisdictions; detailed pay period reports; quarterly and annual reporting; and W2s/1099s. In addition, the company offers online tools for employee tracking, real-time HR reporting, HR on demand services, and time and pay entry. Inova Payroll was founded in 2010 and is based in Nashville, Tennessee with branch offices in Chattanooga and Knoxville, Tennessee. It has field offices in Nashville, Chattanooga, and Knoxville, Tennessee; Lancaster, Pennsylvania; and Atlanta, Georgia.

ProviderTrust

Series B in 2012
ProviderTrust, Inc. is a healthcare software provider based in Nashville, Tennessee, specializing in compliance and credentialing solutions for healthcare organizations and staffing agencies in the United States. Established in 2010, the company offers a software-as-a-service platform that automates the process of searching exclusion lists and verifying healthcare licenses. Its services include monitoring OIG exclusion lists, checking for sanctions and disciplinary actions, and providing alerts for expiring licenses. The platform allows organizations to customize credentialing requirements for various positions, ensuring that all necessary licenses and certifications are current. Additionally, ProviderTrust offers resources such as webinars and e-books to support healthcare compliance efforts, thereby simplifying the management of professional credentials across the industry.

LogoGarden

Series A in 2011
LogoGarden.com, Inc. is an online platform specializing in do-it-yourself logo creation for businesses, organizations, and entrepreneurs both in the United States and internationally. Founded in 2010 and based in Nashville, Tennessee, LogoGarden offers a wide array of customizable logo design templates across various sectors, including finance, healthcare, education, and technology. With a focus on accessibility, the platform allows users, regardless of their graphic design experience, to create professional-looking logos quickly and at no cost. LogoGarden has attracted over 2 million users, including startups and entrepreneurs, and collaborates with larger companies to effectively reach early-stage businesses in the small business market. In addition to logo design, LogoGarden provides branding essentials such as websites, business cards, and mobile websites, catering specifically to the needs of startups.

OnFocus Healthcare

Series B in 2010
Originally founded in 1985 as a healthcare strategic planning consulting firm called m21partners, onFocus Healthcare was re-incorporated in 2008 as a business execution software solutions company. Today, onFocus is the leading provider of enterprise performance management (EPM) software and support services for the healthcare marketplace. Their product, onFocus epm™, ensures that patients get better, faster, and less expensive care by helping hospitals continuously execute and perform at higher levels. They are dedicated to the success of healthcare organizations and the executives, managers and employees who lead them. Through the use of their software products and advisory services, they strive to improve the execution success and performance of every provider they work with by at least 20%.

AdhereHealth

Venture Round in 2009
AdhereHealth is a healthcare technology solutions leader supporting health plans, self-insured employers, and other risk-bearing entities for medication adherence insights and improved healthcare outcomes. The company's Adhere™ platform touches nearly 30 million consumers through advanced technologies and at-risk engagement services. AdhereHealth’s subsidiary company, AdhereRx, is a free concierge pharmacy for consumers with high-risk chronic conditions and social determinants of health issues. AdhereRx coordinates complex medication regimens, performs monthly comprehensive medication reviews (CMR) and drug utilization reviews (DUR), has 24/7 access to pharmacy clinicians, delivers prescriptions via a private courier service, supports those in need of financial assistance, and can take cash on delivery at the consumer’s home. This integrated set of solutions addresses an estimated half a trillion dollars of unnecessary annual medical costs attributed to medication adherence issues. The company is headquartered in the Nashville suburb of Franklin, Tennessee. For more information, please visit www.adherehealth.com.

NuScriptRx

Series B in 2009
NuScriptRX, Inc. operates a long-term care pharmacy store. The company engages in delivering medications to long-term care facilities. NuScriptRX, Inc. was formerly known as New Day Pharmacy Corporation. The company was incorporated in 2004 and is based in Nashville, Tennessee.

Edo Interactive

Series A in 2009
Edo Interactive specializes in providing personalized offers that are automatically accessible through credit and debit cards, as well as mobile devices. The company facilitates the connection between online advertising and in-store results, enabling advertisers to deliver targeted, card-linked offers via partnerships with banks. This innovative approach capitalizes on the convergence of digital marketing, personalization, and mobile technology. Edo Interactive is headquartered in Nashville, Tennessee, with additional offices in Chicago, New York City, and Atlanta.

Edo Interactive

Series A in 2008
Edo Interactive specializes in providing personalized offers that are automatically accessible through credit and debit cards, as well as mobile devices. The company facilitates the connection between online advertising and in-store results, enabling advertisers to deliver targeted, card-linked offers via partnerships with banks. This innovative approach capitalizes on the convergence of digital marketing, personalization, and mobile technology. Edo Interactive is headquartered in Nashville, Tennessee, with additional offices in Chicago, New York City, and Atlanta.

Haven Behavioral

Venture Round in 2008
Haven Behavioral Healthcare was founded on the principle of providing quality behavioral healthcare that exceeds what is found anywhere else. Our focus is not only on improving the well-being of our patients, but also for their families and communities as well. Our clinical programs are designed to meet the specific needs of individual patients. We provide an integrated approach to healing by utilizing a multi-disciplinary team of physicians, nurses, and therapists.

StudioNow

Series A in 2008
StudioNow, Inc. is a technology company that provides a platform designed for video production and advertising services, catering to marketers, agencies, and procurement departments. Founded in 2006 and headquartered in Nashville, Tennessee, with additional offices in New York, Atlanta, and San Francisco, StudioNow offers various solutions, including a Production Marketplace and a cloud-based Bidding and Production Platform. These tools streamline procurement and production management processes, enabling clients to source, cost, and scale video production capabilities to meet growing demands. The platform connects a global network of over 7,500 vetted professionals, facilitating the management of video production from inception to delivery. By enhancing transparency, efficiency, and scalability, StudioNow aims to simplify the production process for enterprises, digital publishers, and advertising agencies alike.