David McClellan is the Managing Director and co-founder of Heritage Group. See sector focus and contact routes.
David McClellan is the Managing Director and co-founder of Heritage Group, a Nashville-based venture capital firm he established in 1986 alongside Rock Morphis. Over three decades, he has held numerous executive roles within the firm’s portfolio companies, including corporate development positions at Sourcemark and Theralogix, and previously served as CEO of ProSeed and VP of Development for Surgical Health Corporation. Heritage Group focuses its investment thesis on early-stage healthcare companies across the United States, targeting sectors such as healthcare providers, medical software, HIPAA-compliant data management, information security, and personalized care. The firm typically makes control and minority equity investments exclusively in the healthcare industry, though specific check sizes and lead/follow behavior are not publicly detailed. Notable portfolio companies include Sourcemark, LLC and Theralogix, LLC, both of which McClellan helped develop through corporate development roles. In 2023, McClellan and Morphis announced the closing of a $220 million Heritage Healthcare Innovation Fund backed by 15 leading healthcare organizations, including Cerner
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