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Venture Notes - April 9, 2025
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Today: Claritas | Heritage | Lasso | digiCare | Canary | Dynamo


Jamie Hartman

MUSICTECH: Nashville-based Claritas Capital and performance rights organization BMI have invested undisclosed amounts in Los Angeles-based Creative Covenant Inc.'s ARK application, an IP protection tool that is billed in the Apple store as "the world's first 360º Intellectual Property Protection solution for new ideas - songs, scripts, pitches, patents, research, floorplans, fashion designs, code or any other form of proprietary intellectual property - any human idea that has been thought of and needs to be turned into a copyrightable 'work' can be registered, stored, updated and shared safely..." BMI will offer the ARK tool for its members, according to Music Business Worldwide. According to GeoNews, Covenant is led by co-founders Jamie Hartman, a songwriter; and, screenwriter Ed Bennett-Coles. Previous VNC Claritas coverage.

HERITAGE Healthcare Innovation Fund IV LP on April 7 reported to the SEC it had raised nearly $344.5MM toward its previously announced $400MM goal. The numbers include capital committed by the General Partner, HHIF IV GP LLC. LA-based Houlihan Lokey Capital is listed as a placement agent with a role of undisclosed scope. See our 2023 report on the launch of Fund IV. Further coverage of Nashville-based Heritage.

Clay Sifford

FOUNDER/CEO CLAY SIFFORD'S Lasso Software Inc. in Nashville has since 2014 created and grown a tech platform for live-events management, staffing and crew onboarding. This week, Sifford filed with the SEC on a Lasso capital raise underway, showing $1.25MM secured toward a $4MM equity goal. Since inception, VNC research indicates Lasso has made 10 or more Seed and Series A raises, recruiting a total of at least $28MM. Apparently, its sole acquisition has been Las Vegas-based Intrinsic Meeting Solutions, in 2021. According to her LinkedIn, Angela Alea is Lasso's Alpharetta-based president and chief revenue officer. Lasso professional investors have included VCs Teamworthy Group and Collective Capital Ventures, as well as PE McCarthy Capital, and the Beta.MN accelerator in Twin Cities. See Lasso's 2025 State of the Events Industry report.

Keith Hayman

LONG-TIME Nashville disaster-recovery and healthcare veteran Keith Hayman filed March 27 for a $2MM debt or SAFE raise for his new firm, digiCare Inc., which is based in San Juan, Puerto Rico, but which will establish and grow presence in Nashville. In fact, today Hayman told VNC he'll participate in a speaking event at the Nashville Entrepreneur Center on May 2. (We'll add an NEC event link when it becomes available.) digiCare's website says its "Tody" app "is a health management app that provides remote doctor consultations, continuous support, and wellness management from any device. It sends timely notifications for medications and appointments, ensuring you stay on track." Read more here. Hayman's LinkedIn profile notes he has at least 25 years experience in disaster-recovery efforts, with much of that effort devoted to helping communities secure funding "from insurance companies and government programs for the reconstruction of hospital systems, hotels, office buildings, shopping centers, universities, Section 8 housing, manufacturing facilities, and critical infrastructure in the aftermath of climate disasters, massive power outages, and civil unrest... The digiCare Team is committed to equipping hospital systems and care teams with essential tools for medication adherence and care continuity, while empowering patients to take control of their health journeys." At another point, the company notes: "Puerto Rico and other regions have the necessary infrastructure to facilitate the growth of home care delivery and remote patient monitoring with smaller e-transit vehicles, bundled technologies, and a lot of hustle."

Steven McClurg

STEVEN MCCLURG, CEO of Nashville-based Canary Capital Group LLC, three weeks ago filed a red herring with the SEC describing his firm's sponsorship of Canary SUI ETF offering (more on SUI). The Sui Foundation's SUI is the world's 21st largest cryptocurrency, according to yesterday's report on Canary Capital by yahoo!Finance, which chose to note U.S. President Donald Trump's interest in related cryptocurrency matters. In January, McClurg filed a red herring S-1 for Canary Capital Group's sponsorship of Canary Litecoin (LTC) ETF. McClurg's LinkedIn Profile says he is also partner in Clutch Mining Inc., based in Sugar Land, Texas. Clutch Mining aims to monetize "stranded power with bitcoin mining for the improvement of local communities and the environment." Legal counsel cited in both of the foregoing ETF filings is by attorneys with Chapman & Cutler (Chicago).

CHATTANOOGA VC Dynamo Ventures made a pre-Seed investment of undisclosed amount in Durham-based Freight Hero and Founder-CEO Andre Luis Martins Filho. Freight Hero supports brokerage operations with AI automation. Martins Filho is also a founder-in-residence in Durham's AI Fund, which is also a Freight Hero backer. FreightHero.AI Corporation was registered in Delaware in 4Q 2024. Freightwaves story. More on Dynamo here.

. last edited 1720 9 April 2025

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Tags: AI Fund, Andre Luis Martin Filho, Angela Alea, ARK, Bitcoin, blockchain, BMI, Canary Capital, Claritas Capital, Clay Sifford, Creative Covenant, cryptocurrency, digiCare, distributed ledger, Dynamo Ventures, Ed Bennett Coles, Edward Bennet Coles, Freight Hero, healthcare, Heritage Group, Houlihan Lokey, Jamie Hartman, Keith Hayman, Lasso Software, Litecoin, Nashville Entrepreneur Center, Steven McClurg, SUI


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