Predict your next investment

Venture Capital
heritagegroupusa.com

See what CB Insights has to offer

Investments

55

Portfolio Exits

19

Funds

3

Partners & Customers

1

About Heritage Group

Heritage Group is a venture capital firm with a track record of investing in, operating, and advising industry-leading healthcare companies. Heritage Group serves as the general partner of the Heritage Healthcare Innovation Fund which closed in 2012 with $157M of committed capital from strategic limited partners including some of the nation's leading hospitals, health systems, and healthcare companies.

Heritage Group Headquarter Location

20 Burton Hills Boulevard Suite 150

Nashville, Tennessee, 37215,

United States

615-665-8220

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Heritage Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Heritage Group in 3 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

382 items

P

Pharma Startups

5,090 items

Pharmaceutical companies working across drug discovery, drug development and drug manufacturing.

I

Industrial SynBio

382 items

Synthetic biology focused on replacing industrial and commercial materials.

Latest Heritage Group News

Tiger Palace lays off workers due to financial troubles

Sep 17, 2020

By Violeta Prockyte Tiger Palace Resort, owned by the Australian-listed Silver Heritage Group, reportedly laid off 400 employees. The report came from The Himalayan Times after the workers staged a protest over unfair termination of contract. Reportedly, the employees received an email from the management, stating their two-year contracts were terminated and would not be reappointed. Financial difficulties were cited as the main reason behind the layoffs. The news articles stated: “The mail was sent to all the workers without holding any discussions or meetings with the employees.” The workers argue that such actions are against the Labour Act. Additionally, the layoffs seemingly affected only the Nepali employees, while foreign workers continued their contract. According to Inside Asian Gaming, Silver Heritage Group stated the contracts of the employees in question expired this year and they have been offered an opportunity to sign new ones. The group stated they were paying the employees to get them through the pandemic, but the casino is predicted to be closed until 2021. Last month, HatchAsia put forward a proposal to take over the group and inject AUD530m ($387m) in cash into the company, and recently, Silver Heritage Group executed a Deed of Company Arrangement that would provide AUD530,000 ($387,000) in cash by November.

Heritage Group Investments

55 Investments

Heritage Group has made 55 investments. Their latest investment was in Equum Medical as part of their Unattributed VC on August 8, 2021.

CBI Logo

Heritage Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Unattributed VC

Equum Medical

$20M

Yes

3

8/4/2021

Unattributed VC

Connections Health Solutions

$30M

Yes

1

6/11/2021

Unattributed VC

AllyAlign Health

$300M

No

2

5/20/2021

Growth Equity

Subscribe to see more

$99M

Subscribe to see more

10

3/8/2021

Series C

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/24/2021

8/4/2021

6/11/2021

5/20/2021

3/8/2021

Round

Unattributed VC

Unattributed VC

Unattributed VC

Growth Equity

Series C

Company

Equum Medical

Connections Health Solutions

AllyAlign Health

Subscribe to see more

Subscribe to see more

Amount

$20M

$30M

$300M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

1

2

10

10

Heritage Group Portfolio Exits

19 Portfolio Exits

Heritage Group has 19 portfolio exits. Their latest portfolio exit was Aviacode on August 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/2/2021

Acquired

2

7/23/2021

IPO

$991

2

7/16/2021

Reverse Merger

$991

6

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

8/2/2021

7/23/2021

7/16/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

Reverse Merger

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

2

6

10

10

Heritage Group Fund History

3 Fund Histories

Heritage Group has 3 funds, including Heritage Healthcare Innovation Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/14/2020

Heritage Healthcare Innovation Fund III

$306.69M

4

5/2/2016

Healthcare Innovation Fund II

Subscribe to see more

$99M

10

HERITAGE HEALTHCARE INNOVATION FUND II

Subscribe to see more

$99M

10

Closing Date

12/14/2020

5/2/2016

Fund

Heritage Healthcare Innovation Fund III

Healthcare Innovation Fund II

HERITAGE HEALTHCARE INNOVATION FUND II

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$306.69M

$99M

$99M

Sources

4

10

10

Heritage Group Partners & Customers

1 Partners and customers

Heritage Group has 1 strategic partners and customers. Heritage Group recently partnered with Techstars on August 8, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

8/17/2018

Partner

Techstars

United States

1

Date

8/17/2018

Type

Partner

Business Partner

Techstars

Country

United States

News Snippet

Sources

1

Heritage Group Team

3 Team Members

Heritage Group has 3 team members, including current Managing Director, David McClellan.

Name

Work History

Title

Status

David McClellan

Managing Director

Current

Rock Morphis

Managing Director

Current

Thomas Eggers CPA

Comfort Systems USA, and Deloitte

Controller

Former

Name

David McClellan

Rock Morphis

Thomas Eggers CPA

Work History

Comfort Systems USA, and Deloitte

Title

Managing Director

Managing Director

Controller

Status

Current

Current

Former

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.