Heritage Group is a Nashville, Tennessee-based, healthcare-focused private equity firm founded in 1986. The firm makes minority and majority equity investments in solution-oriented, high-growth healthcare services and technology businesses, and recently closed its Heritage Healthcare Innovation Fund IV at over $370 million.
42% of their portfolio is in Healthcare. Average disclosed round size is $64.0M (across 21 rounds with reported amounts).
Portfolio
20
Fund Size
$370M
Top Stage
Series C
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
24 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Upward Health | Series C | — | Jan 2025 |
| WWellvana Health | Growth | — | Mar 2023 |
| PP2 Science Inc. | Series A | $23M | Feb 2023 |
 Valera Health | Growth | $44.5M | Oct 2022 |
 Simplifyber | Seed | $3.5M | Jul 2022 |
 Climeco | Series C | $50M | Apr 2022 |
 CyCognito | Series C | $100M | Dec 2021 |
 Equum | Growth | $20M | Aug 2021 |
 AllyAlign Health | Unknown | — | Jun 2021 |
 Wellvana | Unknown | $84M | Jan 2020 |
 Reputation.com | Series B | $30M | Aug 2019 |
| Reputation.com | Series D | $150M | Jan 2019 |
 Actifio, Inc. | Bridge | $100M | Aug 2018 |
 ClearDATA | Growth | $12M | Apr 2017 |
 Simplee | Series C | $20M | May 2016 |
 Guardant Health | Series D | $100M | Jan 2016 |
| Simplee | Series C | $20M | Jan 2016 |
 MDLive, Inc. | Growth | $50M | Jan 2014 |
| Actifio, Inc. | Bridge | $100M | Jan 2014 |
| Simplee | Series B | $10M | Jan 2013 |
 Monogram | Unknown | $375M | — |
 Vivify Health | Unknown | $3M | — |
| VVivify | Unknown | $17M | — |
 ZwitterCo | Series A | $33M | — |
Top Co-Investors
83North5 shared
Ascension Ventures4 shared
Memorial Hermann Health System3 shared
Greylock Partners3 shared
Social Capital3 shared
Lightspeed Venture Partners2 shared
Norwest Venture Partners2 shared
Kleiner Perkins2 shared
Industry Ventures2 shared
August Capital2 shared
Icon Ventures2 shared
Akkadian Ventures2 shared
Insight Partners2 shared
Bessemer Venture Partners2 shared
The Cigna Group Ventures2 shared
Valtruis2 shared
North Bridge Venture Partners2 shared
Andreessen Horowitz2 shared
Crestline Investors2 shared
Advanced Technology Ventures2 shared
Last updated: 20 October 2026