Advantage Capital

Advantage Capital, established in 1992, is a venture capital firm specializing in growth equity, lending, and mezzanine debt capital investments. It focuses on small businesses, particularly those in low-income communities and underserved areas, supporting state and local economic development efforts. The firm invests across various industries, including manufacturing, technology, business services, and renewable energy, with a typical initial investment range of $0.5 million to $10 million. Advantage Capital provides debt capital in forms such as senior debt, subordinated loans, and government-guaranteed lending, as well as equity capital to real estate development firms. It operates from multiple offices across the United States, with a headquarters in New Orleans, Louisiana.

Al Alvarez

Director

Brian Anderson

Managing Director

Michael Benson

Senior Vice President

Anthony Billings

Vice President

Adam Constantinides

Senior Vice President

Anaƫlle Croteau

Vice President

Trey Garland

Senior Associate

Trey Garland

Senior Associate and Investment Team Member

Joseph Henderson

Senior Vice President

Joseph Henderson

Senior Vice President, Investment Team

Leah Hendricks

Senior Vice President, Investments Team

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director, Chief Impact Officer

Jim O'Rourke

Managing Director

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Josh Rogers

Principal

Gabe Rosen

Vice President

Sam Schlichting

Senior Associate, Investment Team

Talmadge Singer II

Managing Director

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President and Investment Team Member

Benjamin Warning

Senior Vice President

Jeffrey Gentsch

Venture Partner

J.P. Lynch

Vice President, Investments

Past deals in Alabama

Curtiss Motorcycle Company

Debt Financing in 2017
Curtiss Motorcycles Company, Inc. is an American manufacturer based in Birmingham, Alabama, specializing in the design and production of handcrafted luxury electric motorcycles. Founded in 1991 and originally known as Confederate Motors, the company rebranded in January 2018. It offers a range of high-end models, including the X132 Hellcat Speedster, P51 Combat Fighter, and Wraith Tandem Lusso, targeting affluent customers. In addition to motorcycles, Curtiss Motorcycles provides related products such as apparel and accessories, which are available through its website. The company emphasizes sustainability in its manufacturing processes, aligning with contemporary market trends while maintaining a focus on quality craftsmanship.

Southern Wood Specialties

Debt Financing in 2015
Southern Wood Specialties manufactures and supplies products used in barn construction. It is a retailer of wood products including shiplap, log siding, v-groove, heart pine flooring, and rough-cut pine or cypress. It is headquartered inFlomaton, Alabama.

Hygia Health Services

Series B in 2015
Hygia Health Services, Inc. is a third-party reprocessor of non-critical and semi-critical single-use medical devices based in Birmingham, Alabama. Established in 1999, the company specializes in reprocessing a wide range of medical products, including air transfer mattresses, ECG leads, stethoscopes, and various sensors. By reprocessing these devices, Hygia Health Services enables healthcare institutions to significantly reduce costs and minimize waste associated with single-use items. The company serves hospitals and other healthcare facilities across the United States, contributing to both economic savings and environmental sustainability. Since May 2018, Hygia Health Services has operated as a subsidiary of Stryker Corporation.

Dothan Pipe and Supply

Debt Financing in 2013
Dothan Pipe and Supply is an industrial supplier of pipe, valves, and fittings. The company was established in 1992 and is based in Dothan, Alabama.

Southeastern Plateworks

Debt Financing in 2013
Southeastern Plateworks is a manufacturer of specialized fabricated steel components, established in 2004 and based in Alabama, USA. The company produces steel components for various industrial applications, including power generation, air pollution control, and engineering construction. By focusing on the needs of heavy industrial sectors, Southeastern Plateworks enables its customers to successfully undertake complex projects that require tailored manufacturing solutions.

Hygia Health Services

Debt Financing in 2013
Hygia Health Services, Inc. is a third-party reprocessor of non-critical and semi-critical single-use medical devices based in Birmingham, Alabama. Established in 1999, the company specializes in reprocessing a wide range of medical products, including air transfer mattresses, ECG leads, stethoscopes, and various sensors. By reprocessing these devices, Hygia Health Services enables healthcare institutions to significantly reduce costs and minimize waste associated with single-use items. The company serves hospitals and other healthcare facilities across the United States, contributing to both economic savings and environmental sustainability. Since May 2018, Hygia Health Services has operated as a subsidiary of Stryker Corporation.

Hygia Health Services

Series A in 2011
Hygia Health Services, Inc. is a third-party reprocessor of non-critical and semi-critical single-use medical devices based in Birmingham, Alabama. Established in 1999, the company specializes in reprocessing a wide range of medical products, including air transfer mattresses, ECG leads, stethoscopes, and various sensors. By reprocessing these devices, Hygia Health Services enables healthcare institutions to significantly reduce costs and minimize waste associated with single-use items. The company serves hospitals and other healthcare facilities across the United States, contributing to both economic savings and environmental sustainability. Since May 2018, Hygia Health Services has operated as a subsidiary of Stryker Corporation.

Supreme Cleaning

Debt Financing in 2010
Supreme Cleaning Inc, founded in 2007 by Charles E. Lewis, is based in Montgomery, Alabama, and specializes in facility maintenance and management services. The company offers a range of services that include janitorial services, construction cleanup, lawn maintenance, landscaping, pressure washing, window cleaning, and disaster restoration. Supreme Cleaning distinguishes itself by using environmentally friendly cleaning products, ensuring safety for both clients and the environment. The company serves both commercial and residential sectors, catering to a diverse clientele with its comprehensive service offerings.

Parks Pharmacy

Debt Financing in 2010
Parks Pharmacy, Inc. operates a full-service pharmacy based in Montgomery, Alabama. Established in 2007, the pharmacy provides a wide range of products and services, including prescription medications, over-the-counter drugs, vitamins, and home health care products. It specializes in both customized and non-sterile compounded medications, tailored to the needs of patients as prescribed by licensed physicians and veterinarians. Additionally, Parks Pharmacy offers services such as prescription refills, transfers, immunizations, and medication therapy management, ensuring comprehensive care for its customers. The pharmacy also supports public health initiatives by providing COVID-19 vaccinations.

FireRock Building Materials

Debt Financing in 2010
FireRock specializes in providing a variety of building materials for customized home construction. The company offers an extensive range of products, including masonry fireplaces, pavers, wood flooring, slate and cedar roofing, as well as steel doors and windows. By supplying these materials, FireRock enables homeowners to create personalized designs for their residences, catering to diverse aesthetic and functional preferences.

PeopleTec

Debt Financing in 2008
PeopleTec is a company that offers a wide range of engineering and information technology services primarily to the Department of Defense and civilian federal sectors. Founded in 2005 and headquartered in Huntsville, Alabama, it specializes in systems engineering and analysis, encompassing services such as requirements development, threat analysis, and operational effectiveness studies. The company also operates systems integration labs, facilitating hardware and software systems integration, and provides comprehensive test and evaluation services. In addition to its engineering capabilities, PeopleTec delivers IT services that include desktop support, cybersecurity, and advanced server architectures. The firm is also involved in lifecycle and agency support services, covering logistics and training. Furthermore, PeopleTec provides cyber security and rapid prototyping services, contributing to various space and defense programs through its engineering support and industry research initiatives.

Southeastern Plateworks

Debt Financing in 2008
Southeastern Plateworks is a manufacturer of specialized fabricated steel components, established in 2004 and based in Alabama, USA. The company produces steel components for various industrial applications, including power generation, air pollution control, and engineering construction. By focusing on the needs of heavy industrial sectors, Southeastern Plateworks enables its customers to successfully undertake complex projects that require tailored manufacturing solutions.

FireRock Building Materials

Series A in 2007
FireRock specializes in providing a variety of building materials for customized home construction. The company offers an extensive range of products, including masonry fireplaces, pavers, wood flooring, slate and cedar roofing, as well as steel doors and windows. By supplying these materials, FireRock enables homeowners to create personalized designs for their residences, catering to diverse aesthetic and functional preferences.

Digium

Series A in 2006
Digium, Inc. is a company that specializes in developing software and telephony hardware to create unified communications solutions for businesses of various sizes. Known for its open source telephony platform, Asterisk, Digium offers a range of products including business phone systems, IP phones, telephony cards, SIP trunking products, and VoIP gateways. The company also provides hosted and on-premises Switchvox business phone systems that deliver enterprise-class unified communications and UC-as-a-Service solutions. In addition to its hardware and software offerings, Digium offers training services and certifications related to the installation and maintenance of Asterisk systems. The company serves a diverse array of industries, including education, government, healthcare, and professional services, distributing its products through resellers and online partners worldwide. Founded in 1999 and based in Huntsville, Alabama, Digium became a subsidiary of Sangoma Technologies US Inc. in 2018.

Proxsys

Debt Financing in 2006
Proxsys, LLC provides Web-based solutions in preadmissions to healthcare facilities. It focuses on the collection of patient information, scheduling of procedures, admitting of both inpatients and outpatients, and transmitting patient data to appropriate areas within healthcare organizations, as well as points in the process that involve communications with physician offices, insurance payors for purpose of precertification and approval requirements, hospitals, outpatient facilities, and patients. The company also provides security and electronic storage capabilities to safely protect and warehouse patient data. Proxsys, LLC was founded in 2004 and is headquartered in Birmingham, Alabama.

Digium

Debt Financing in 2006
Digium, Inc. is a company that specializes in developing software and telephony hardware to create unified communications solutions for businesses of various sizes. Known for its open source telephony platform, Asterisk, Digium offers a range of products including business phone systems, IP phones, telephony cards, SIP trunking products, and VoIP gateways. The company also provides hosted and on-premises Switchvox business phone systems that deliver enterprise-class unified communications and UC-as-a-Service solutions. In addition to its hardware and software offerings, Digium offers training services and certifications related to the installation and maintenance of Asterisk systems. The company serves a diverse array of industries, including education, government, healthcare, and professional services, distributing its products through resellers and online partners worldwide. Founded in 1999 and based in Huntsville, Alabama, Digium became a subsidiary of Sangoma Technologies US Inc. in 2018.

Awarix

Venture Round in 2006
Awarix is a company based in Alabama, USA, that develops software and online tools specifically for the healthcare industry. The firm offers a digital platform designed to manage and streamline patient data effectively. Awarix's technology provides communication and reporting tools that enable operational and administrative staff in hospitals to access critical information quickly across the healthcare enterprise. This focus on improving data management and accessibility supports healthcare providers in enhancing their operational efficiency and patient care.
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