Clayton Advisors adds health care exec

Healthcare Performance Partners founder to join investment firm's consulting arm
Jun 1, 2015 11:30 AM

DART Music finalizes $1.5M raise, looks to product development

DART Music has completed a raise of $1.5 million, capital that will help the Nashville-based start-up continue its focus on changing how classical musicians organize and categorize digital distribution.

DART will soon file SEC documentation for the raise, according to company officials, who told the Post their seed-stage effort is complete. Now the focus will be on product development and growth, according to CEO Chris McMurtry.

DART's goal is to create and track classical music metadata, McMurtry (pictured) said. Like one of the ongoing themes at Project Music, the company’s mission is to allow classical musicians to maximize their royalties payments. DART bills itself as the first company to offer a fully automated distribution platform for classical music metadata.

“There’s not a way for an independent creator to get their music to an online store without giving up 50 percent of their royalties,” McMurtry said. “That was the organic journey that led us to start.”

DART is a recent graduate of Project Music, a music-business accelerator the Entrepreneur Center hosts.

The company, which ranks among the accelerator’s first graduating class, is noteworthy among early-stage ventures in Nashville due partially to its current partnership and past association with Apple.

DART Chief Marketing Officer Richard Jacobson stressed the company is comfortable with it focus on classical musicians.

“I wholeheartedly believe that doing the right thing and doing the profitable thing can be the same thing,” Jacobson said of a musical genre that is often overlooked and misunderstood. “That’s why DART exists and that’s what we are going to do.”

May 26, 2015 6:45 AM

Heritage lands $100M for new health care fund

Majority of big-name investors return for second pool aimed at innovation, efficiency
May 14, 2015 1:48 PM

Clayton Associates acquires staffing startup

Mission-based recruiting company supports local, national ministries
May 14, 2015 7:23 AM

NuSirt Biopharma raises $6M

Local life sciences company pursuing R&D on amino acid treatment
May 13, 2015 2:00 PM

MDsave raises $14M

Nashville company plans to take consumer-facing marketplace national
May 13, 2015 10:43 AM

XMi files papers for $20M fund

Milt Capps over at Venture Nashville has the scoop on XMi Holdings executives' plans to build out their investing lineup with a new $20 million fund that will have the freedom to invest in a variety of sectors. The fund will look to take large stakes in promising companies, a good number of them likely in health care.

It has prospects in mind for investment, drawn from among companies with which XMi executives have become familiar in recent years. And, said Phillips, it will be "turning-on the spigot for referrals."

May 1, 2015 2:28 PM

Smartvue lands $15M from global investment manager

Nashville-based tech company to use Fortress capital infusion to fuel growth
Apr 28, 2015 7:30 AM

IBM acquires Heritage Group portfolio company

Cleveland health care data venture landed Heritage investment in 2012
Apr 17, 2015 12:41 PM

Former HCA exec named chair of Clayton Associates

TriStar veteran succeeds new EC CEO McWhorter
Apr 13, 2015 10:56 AM