Clayton Associates

Clayton Associates, LLC, established in 1996, is a family office based in Brentwood, Tennessee, with additional offices in Nashville, Tennessee, and Houston, Texas. The firm specializes in venture capital investments, focusing on seed, early stage, and growth equity rounds. Clayton Associates prefers to invest in healthcare, healthcare-related services, digital media, and information technology sectors, with a particular interest in healthcare technology, digital health, and software-as-a-service companies. The firm typically invests between $0.5 million and $6 million in companies with enterprise values ranging from $3 million to $15 million and revenues between $0.1 million and $2 million. Clayton Associates seeks minority stakes of 20%-40% in its portfolio companies and also makes angel investments through its affiliate funds. The firm's investment strategy is guided by its extensive operating experience and relationships, aiming to partner with entrepreneurs and help build successful businesses. Since its inception, Clayton Associates has invested in over 100 companies, representing over $7 billion in annualized revenue and the creation of more than 20,000 jobs.

Nancy Allen

Partner and CFO

Stuart McWhorter

Founder and President

Past deals in Tennessee

LogoGarden

Series B in 2016
LogoGarden is a Nashville-based company that offers an online platform for logo design and branding essentials. Catering primarily to entrepreneurs and startups, it allows users to create customized, professional-looking logos quickly and free of charge, without requiring any graphic design skills. With over 2 million logos created on its platform, LogoGarden stands out as a leading destination for logo creation globally. In addition to its logo design services, the company provides tools for website creation, business cards, and mobile websites, making it an all-encompassing resource for early-stage businesses aiming to establish their brand identity.

eDo Interactive

Convertible Note in 2015
eDo Interactive is a company that specializes in a card-linked offer platform designed to connect online advertising with in-store results. The platform allows users to personalize offers, which are then automatically accessible through credit cards, debit cards, and mobile devices. By leveraging partnerships with banks, eDo Interactive enables targeted advertising that seamlessly integrates with consumer payment methods. The company operates at the intersection of payments and advertising, addressing key trends in digital marketing, personalization, and mobile technology. Headquartered in Nashville, Tennessee, eDo Interactive also maintains offices in Chicago, New York City, and Atlanta.

JourneyPure

Debt Financing in 2015
Founded in 2014, JourneyPure specializes in operating addiction treatment centers offering comprehensive care for individuals with co-occurring mental health and substance use disorders. Headquartered in Nashville, Tennessee, the company provides both inpatient and outpatient services, attracting renowned behavioral health professionals committed to ethical practices and patient success.

JourneyPure

Series A in 2014
Founded in 2014, JourneyPure specializes in operating addiction treatment centers offering comprehensive care for individuals with co-occurring mental health and substance use disorders. Headquartered in Nashville, Tennessee, the company provides both inpatient and outpatient services, attracting renowned behavioral health professionals committed to ethical practices and patient success.

NuScriptRx

Series D in 2014
NuScriptRX, Inc. is a Nashville-based institutional pharmacy that specializes in delivering medications to long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Founded in 2004, the company was established by professionals with extensive experience in the long-term care sector, bringing over 100 years of combined expertise to the organization. NuScriptRX is committed to addressing the pharmaceutical needs of these facilities and their patients, ensuring the safe and efficient distribution of medications.

Aspire Health

Series B in 2014
Aspire Health operates a network of outpatient palliative care practices, providing relief from symptoms, pain, and stress for patients facing serious illnesses such as cancer or heart failure. They offer home-based and clinic services in Middle Tennessee counties, supporting patients, caregivers, and healthcare providers.

Entrada

Venture Round in 2013
Entrada develops software that automates clinical documentation and data exchange across ambulatory clinics, surgery centers, and hospitals. The company offers a cloud-based mobile platform that captures spoken medical reports on Apple devices and transmits recordings to a central data center where they are converted into text, enabling clinicians to streamline electronic health record tasks and improve care outcomes. The solution aims to boost efficiency by automating routine documentation and facilitating accurate data capture for patient records. Entrada was formerly VocalEZ, and changed its name in January 2010. The business was founded in 2005 and is based in Brentwood, Tennessee.

Entrada

Venture Round in 2012
Entrada develops software that automates clinical documentation and data exchange across ambulatory clinics, surgery centers, and hospitals. The company offers a cloud-based mobile platform that captures spoken medical reports on Apple devices and transmits recordings to a central data center where they are converted into text, enabling clinicians to streamline electronic health record tasks and improve care outcomes. The solution aims to boost efficiency by automating routine documentation and facilitating accurate data capture for patient records. Entrada was formerly VocalEZ, and changed its name in January 2010. The business 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) is a prominent provider of specialty reimbursement solutions for hospitals and health systems across the United States. Established in 1999 and headquartered in Franklin, Tennessee, the company specializes in identifying and recovering additional revenue by researching accidents and determining responsible parties for medical bill payments. MRA effectively collects payments from various sources, including property and casualty, liability, workers' compensation, and health insurance providers. The company offers services such as its Accident Claims Management Solution, which recovers alternative payment sources for accident-related hospital bills, and its Payment Integrity Solution, which identifies underpayments from government and managed care payers. MRA is recognized for its expertise in handling complex and labor-intensive reimbursement challenges for its clients.

NuScriptRx

Venture Round in 2012
NuScriptRX, Inc. is a Nashville-based institutional pharmacy that specializes in delivering medications to long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Founded in 2004, the company was established by professionals with extensive experience in the long-term care sector, bringing over 100 years of combined expertise to the organization. NuScriptRX is committed to addressing the pharmaceutical needs of these facilities and their patients, ensuring the safe and efficient distribution of medications.

NuScriptRx

Series C in 2012
NuScriptRX, Inc. is a Nashville-based institutional pharmacy that specializes in delivering medications to long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Founded in 2004, the company was established by professionals with extensive experience in the long-term care sector, bringing over 100 years of combined expertise to the organization. NuScriptRX is committed to addressing the pharmaceutical needs of these facilities and their patients, ensuring the safe and efficient distribution of medications.

Inova Payroll

Series B in 2012
Inova Payroll, Inc. is a payroll service provider based in Nashville, Tennessee, with additional offices in Chattanooga, Knoxville, Pennsylvania, and Georgia. Founded in 2010, the company specializes in delivering payroll, human resource (HR), and tax filing services tailored for small and medium-sized employers across the United States. Its offerings include comprehensive solutions such as 401(k) administration, health insurance, workers' compensation, time and attendance tracking, background screening, COBRA administration, and PayCards. Inova Payroll also provides detailed tax filing and reporting services, covering federal, state, and local jurisdictions, along with online tools for employee tracking and HR reporting. The company's focus is on helping businesses efficiently manage their employee life cycle and enhance talent attraction and retention.

ProviderTrust

Series B in 2012
ProviderTrust offers a SaaS platform that automates healthcare compliance tasks. It specializes in exclusion list checks, license verifications, sanction screening, and vendor monitoring for providers, organizations, and staffing agencies in the U.S.

LogoGarden

Series A in 2011
LogoGarden is a Nashville-based company that offers an online platform for logo design and branding essentials. Catering primarily to entrepreneurs and startups, it allows users to create customized, professional-looking logos quickly and free of charge, without requiring any graphic design skills. With over 2 million logos created on its platform, LogoGarden stands out as a leading destination for logo creation globally. In addition to its logo design services, the company provides tools for website creation, business cards, and mobile websites, making it an all-encompassing resource for early-stage businesses aiming to establish their brand identity.

AdhereHealth

Venture Round in 2009
Founded in 2006, AdhereHealth specializes in medication therapy management (MTM) services. It offers advanced solutions such as configured MTM programs, Star Solutions for enhancing CMS ratings, and Adhere platform for analytics-driven care gap resolution. The company serves patients, employers, health plans, physicians, and pharmacists, aiming to improve medication adherence and clinical outcomes.

NuScriptRx

Series B in 2009
NuScriptRX, Inc. is a Nashville-based institutional pharmacy that specializes in delivering medications to long-term care facilities, including skilled nursing facilities, assisted living facilities, and residential care homes. Founded in 2004, the company was established by professionals with extensive experience in the long-term care sector, bringing over 100 years of combined expertise to the organization. NuScriptRX is committed to addressing the pharmaceutical needs of these facilities and their patients, ensuring the safe and efficient distribution of medications.

eDo Interactive

Series A in 2009
eDo Interactive is a company that specializes in a card-linked offer platform designed to connect online advertising with in-store results. The platform allows users to personalize offers, which are then automatically accessible through credit cards, debit cards, and mobile devices. By leveraging partnerships with banks, eDo Interactive enables targeted advertising that seamlessly integrates with consumer payment methods. The company operates at the intersection of payments and advertising, addressing key trends in digital marketing, personalization, and mobile technology. Headquartered in Nashville, Tennessee, eDo Interactive also maintains offices in Chicago, New York City, and Atlanta.

eDo Interactive

Series A in 2008
eDo Interactive is a company that specializes in a card-linked offer platform designed to connect online advertising with in-store results. The platform allows users to personalize offers, which are then automatically accessible through credit cards, debit cards, and mobile devices. By leveraging partnerships with banks, eDo Interactive enables targeted advertising that seamlessly integrates with consumer payment methods. The company operates at the intersection of payments and advertising, addressing key trends in digital marketing, personalization, and mobile technology. Headquartered in Nashville, Tennessee, eDo Interactive also maintains offices in Chicago, New York City, and Atlanta.
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