Clayton Associates

Clayton Associates, LLC is a venture capital firm founded in 1996 and based in Brentwood, Tennessee, with additional offices in Nashville and Houston. The firm specializes in investments across seed, early-stage, and growth equity, primarily targeting healthcare technology and related services, as well as digital media and information technology companies. Clayton Associates typically invests between $0.5 million and $6 million in companies with enterprise values ranging from $3 million to $15 million. The firm seeks minority stakes of 20% to 40% in its portfolio companies and also engages in angel investing. In 2013, it established Clayton Advisors, a consulting division aimed at enhancing the growth and profitability of companies through innovation and strategic development. Since its inception, Clayton Associates has invested in over 100 companies, significantly contributing to job creation and revenue generation in the sectors it serves.

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 operates a network of addiction treatment centers specializing in rehabilitation services for individuals with co-occurring mental health and substance use disorders. Founded in 2014 and headquartered in Brentwood, Tennessee, the company has established outpatient facilities in Tennessee, Kentucky, and Florida. JourneyPure partners with operators of addiction treatment centers, emphasizing high standards of care that attract experienced behavioral health professionals. The organization is dedicated to helping individuals and their families heal, promoting long-term health and recovery. Its commitment to ethics and patient success is reflected in its adherence to the highest accreditation standards in the industry. The centers provide both inpatient and outpatient treatment options, including medication-assisted treatment, ensuring that patients receive comprehensive, evidence-based care that is often covered by insurance.

Clarus

Series A in 2015
Clarus develops innovative communication tools for physicians and patients, focusing on enhancing after-hours interactions. Its primary product, Clarus OnCall, is a medical call management platform that securely documents patient emergencies and transmits messages directly to physicians via smartphones, tablets, or email. This technology reduces the time physicians spend on relaying information to third parties, allowing for more direct and private communication with patients. By streamlining after-hours call management, Clarus OnCall minimizes errors, improves revenue, and enhances overall patient care. The platform also features an office management dashboard that replaces traditional medical answering services, enabling staff to manage calls efficiently from any location. With a commitment to better communication and workflow, Clarus aims to support healthcare providers in focusing on patient care.

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 operates a network of addiction treatment centers specializing in rehabilitation services for individuals with co-occurring mental health and substance use disorders. Founded in 2014 and headquartered in Brentwood, Tennessee, the company has established outpatient facilities in Tennessee, Kentucky, and Florida. JourneyPure partners with operators of addiction treatment centers, emphasizing high standards of care that attract experienced behavioral health professionals. The organization is dedicated to helping individuals and their families heal, promoting long-term health and recovery. Its commitment to ethics and patient success is reflected in its adherence to the highest accreditation standards in the industry. The centers provide both inpatient and outpatient treatment options, including medication-assisted treatment, ensuring that patients receive comprehensive, evidence-based care that is often covered by insurance.

NuScriptRx

Series D in 2014
NuScriptRX, Inc. is an institutional pharmacy located in Nashville, Tennessee, specializing in the pharmaceutical needs of long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Established in 2004, the company focuses on delivering medications to these facilities and their residents, leveraging the expertise of its team, which boasts over 100 years of combined experience in the long-term care sector. This depth of knowledge allows NuScriptRX to effectively address the unique challenges associated with medication management in long-term care environments.

Aspire Health

Series B in 2014
Aspire Health, Inc. is a healthcare company based in Nashville, Tennessee, that operates a network of outpatient palliative care practices for patients with serious illnesses. Established in 2012, the company focuses on providing relief from symptoms, pain, and stress associated with conditions such as cancer, congestive heart failure, chronic obstructive pulmonary disease, kidney failure, liver failure, advanced dementia, and amyotrophic lateral sclerosis. Aspire Health supports patients and their caregivers by navigating the healthcare system, aiding in complex treatment decisions, and offering emotional and spiritual guidance. The organization delivers home-based and outpatient clinical services across several Middle Tennessee counties, including Davidson, Robertson, Rutherford, Sumner, Williamson, and Wilson. Aspire Health operates as a subsidiary of Nash Holding Company and emphasizes disease management and care coordination across various settings, including outpatient clinics and assisted living centers.

Entrada

Venture Round in 2013
Entrada, Inc. is a software company specializing in the automation of clinical documentation and data exchange for ambulatory clinics, surgery centers, and hospitals. Founded in 2005 and based in Brentwood, Tennessee, Entrada aims to enhance healthcare efficiency and patient outcomes through its innovative cloud-based mobile engagement platform. This platform allows users to capture spoken medical reports using Apple handheld devices, which are then transmitted to a web-based data center where the recordings are converted into text. By streamlining essential electronic health records tasks, Entrada empowers healthcare providers to capture clinically relevant documentation more effectively.

Clarus

Seed Round in 2013
Clarus develops innovative communication tools for physicians and patients, focusing on enhancing after-hours interactions. Its primary product, Clarus OnCall, is a medical call management platform that securely documents patient emergencies and transmits messages directly to physicians via smartphones, tablets, or email. This technology reduces the time physicians spend on relaying information to third parties, allowing for more direct and private communication with patients. By streamlining after-hours call management, Clarus OnCall minimizes errors, improves revenue, and enhances overall patient care. The platform also features an office management dashboard that replaces traditional medical answering services, enabling staff to manage calls efficiently from any location. With a commitment to better communication and workflow, Clarus aims to support healthcare providers in focusing on patient care.

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 web-based communication tool designed for creating and sharing one-page websites with ease. Its intuitive drag-and-drop interface allows users to incorporate various media formats, including text, images, videos, and embedded services like YouTube and JotForm. The platform enables users to track engagement through view and click analytics, facilitating better understanding of audience interaction. This feature supports activities such as sales lead management, proposal delivery, and employee training. Additionally, Populr promotes collaboration by allowing teams to co-edit pages and gather input from others, while providing the flexibility to personalize messages and publish content under custom domains.

Entrada

Venture Round in 2012
Entrada, Inc. is a software company specializing in the automation of clinical documentation and data exchange for ambulatory clinics, surgery centers, and hospitals. Founded in 2005 and based in Brentwood, Tennessee, Entrada aims to enhance healthcare efficiency and patient outcomes through its innovative cloud-based mobile engagement platform. This platform allows users to capture spoken medical reports using Apple handheld devices, which are then transmitted to a web-based data center where the recordings are converted into text. By streamlining essential electronic health records tasks, Entrada empowers healthcare providers to capture clinically relevant documentation more effectively.

Medical Reimbursements of America

Private Equity Round in 2012
Medical Reimbursements of America, Inc. (MRA) specializes in providing reimbursement solutions for hospitals and health systems across the United States. Founded in 1999 and headquartered in Franklin, Tennessee, the company focuses on identifying and recovering additional revenue by researching accidents and determining responsible parties for medical bill payments. MRA collects payments from various sources, including property and casualty, liability, and workers' compensation insurers, as well as health insurance plans. The firm offers an Accident Claims Management Solution, which aims to recover alternative payment sources for accident-related hospital bills, and a Payment Integrity Solution that identifies underpayments from government and managed care payers. Through its comprehensive services, MRA addresses complex reimbursement challenges, positioning itself as an industry leader in the field.

NuScriptRx

Venture Round in 2012
NuScriptRX, Inc. is an institutional pharmacy located in Nashville, Tennessee, specializing in the pharmaceutical needs of long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Established in 2004, the company focuses on delivering medications to these facilities and their residents, leveraging the expertise of its team, which boasts over 100 years of combined experience in the long-term care sector. This depth of knowledge allows NuScriptRX to effectively address the unique challenges associated with medication management in long-term care environments.

NuScriptRx

Series C in 2012
NuScriptRX, Inc. is an institutional pharmacy located in Nashville, Tennessee, specializing in the pharmaceutical needs of long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Established in 2004, the company focuses on delivering medications to these facilities and their residents, leveraging the expertise of its team, which boasts over 100 years of combined experience in the long-term care sector. This depth of knowledge allows NuScriptRX to effectively address the unique challenges associated with medication management in long-term care environments.

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
OnFocus Healthcare, originally established in 1985 as a healthcare strategic planning consulting firm, transitioned in 2008 to focus on business execution software solutions. It specializes in providing enterprise performance management (EPM) software and support services tailored for the healthcare sector. Its flagship product, onFocus epm™, is designed to enhance patient care by enabling hospitals to improve their operational performance and execution capabilities. The software facilitates effective communication, management, and tracking of plans, metrics, and resources, promoting accountability within healthcare organizations. OnFocus Healthcare aims to boost the performance of its clients by at least 20%, supporting executives, managers, and employees in their efforts to deliver better, faster, and more cost-effective care.

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. is an institutional pharmacy located in Nashville, Tennessee, specializing in the pharmaceutical needs of long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Established in 2004, the company focuses on delivering medications to these facilities and their residents, leveraging the expertise of its team, which boasts over 100 years of combined experience in the long-term care sector. This depth of knowledge allows NuScriptRX to effectively address the unique challenges associated with medication management in long-term care environments.

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.
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