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 Illinois

Natural Fiber Welding

Venture Round in 2021
Natural Fiber Welding, Inc., founded in 2015 and based in Peoria, Illinois, specializes in the manufacturing and supply of sustainable fabrics and materials derived from plants. The company has developed a circularity platform that produces high-performance, plastic-free materials suitable for various industries, including fashion, footwear, automotive, and upholstery. By integrating its innovative technology into existing supply chains, Natural Fiber Welding enables brands to design and scale eco-friendly products effectively.

mSEED group

Debt Financing in 2021
MSEED Group, founded in 2014 in South Holland, Illinois, focuses on contract manufacturing, research, product development, and marketing strategy services specifically for the beauty, cosmetic, and personal care sectors. The company offers essential cross-functional expertise that supports both aspiring entrepreneurs and established businesses in launching and growing their brands. By providing tailored strategic growth solutions, MSEED Group aims to enhance the potential for success in the competitive beauty and personal care industry.

Rucker's Candy

Debt Financing in 2018
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

CarstinBrands.com

Debt Financing in 2018
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

Marque Medicos

Debt Financing in 2018
Marque Medicos LLC, founded in 2008 and based in Chicago, Illinois, specializes in providing physical medicine healthcare services for injured workers, particularly within the Hispanic community. The company offers a range of medical professionals, including orthopedists, hand specialists, neurologists, and chiropractors, as well as services in physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that address strain injuries, low back, and neck pain, ensuring that patients receive effective and compassionate treatment for various workplace injuries.

Ability Engineering Technology

Debt Financing in 2017
AET is an engineering, design, and manufacturing company that focuses on providing engineered, cryogenic, and process equipment and precision-machined parts for application within the energy, industrial, and scientific market segments. It specializes in the design of customized vessels and piping assemblies used in a variety of temperature and pressure ranges, which includes cryogenic applications. Furthermore, as a fully certified ASME Code Section VIII Division 1 facility, the company has only ASME-certified welders. In addition to providing quality product and workmanship throughout the process, AET includes a full document package with each shipment. A sample of AET’s document package structure can be provided upon request. The majority of the company's solutions are used throughout the liquid-gas supply chain for the purification, liquefaction, distribution, storage, and end-use of gases and hydrocarbons. This includes cryogenic transfer, storage, and processing such as vacuum insulated piping, dewars, valve boxes, and expansion cans. In addition to vessels and cryogenic equipment, AET designs and manufacture precision-machined and water-jet cut parts. It is founded in South Holland, Illinois.

CarstinBrands.com

Debt Financing in 2017
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

Timewell Drainage Products

Debt Financing in 2017
Timewell Drainage Products is a family-owned manufacturer based in Timewell, Illinois, established in 1982. The company specializes in producing subsurface drainage products and supplies tailored for agricultural, waterworks, and residential applications. Its product offerings include corrugated plastic pipe, farm drainage tile, and fittings, as well as systems for stormwater detention and infiltration. Additionally, Timewell provides chambers, inlet structures, and water quality treatment options, catering to the needs of agricultural and commercial customers. Through its focus on quality and innovation, Timewell Drainage Products supports effective water management solutions for various sectors.

Rucker's Candy

Debt Financing in 2017
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

PLI Card Marketing Solutions

Debt Financing in 2016
PLI Card Marketing Solutions specializes in providing comprehensive gift and loyalty card marketing solutions, catering primarily to the retail, hospitality, and entertainment sectors. With a robust manufacturing footprint spanning four production facilities and warehouses in Asheville, NC, North Las Vegas, NV, Romeoville, IL, and St. Louis, MO, the company leverages over 450,000 square feet of manufacturing space to deliver high-quality card production and personalization services. PLI also offers fulfillment, direct mail, and various print services, ensuring clients can outsource their card manufacturing needs efficiently and cost-effectively. The company supports its global customer base through distribution centers located in Canada and the Netherlands, employing over 1,000 individuals dedicated to driving success in the commercial card market.

Marque Medicos

Debt Financing in 2016
Marque Medicos LLC, founded in 2008 and based in Chicago, Illinois, specializes in providing physical medicine healthcare services for injured workers, particularly within the Hispanic community. The company offers a range of medical professionals, including orthopedists, hand specialists, neurologists, and chiropractors, as well as services in physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that address strain injuries, low back, and neck pain, ensuring that patients receive effective and compassionate treatment for various workplace injuries.

Rucker's Candy

Debt Financing in 2016
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

CarstinBrands.com

Debt Financing in 2016
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

Orthotech Sports Medical Equipment

Debt Financing in 2016
Orthotech Sports Medical Equipment offers and sells a brand commercial fitness product line. Orthotech Sports Medical Equipment is located in Herrin, Illinois.

Timewell Drainage Products

Debt Financing in 2016
Timewell Drainage Products is a family-owned manufacturer based in Timewell, Illinois, established in 1982. The company specializes in producing subsurface drainage products and supplies tailored for agricultural, waterworks, and residential applications. Its product offerings include corrugated plastic pipe, farm drainage tile, and fittings, as well as systems for stormwater detention and infiltration. Additionally, Timewell provides chambers, inlet structures, and water quality treatment options, catering to the needs of agricultural and commercial customers. Through its focus on quality and innovation, Timewell Drainage Products supports effective water management solutions for various sectors.

Rucker's Candy

Debt Financing in 2015
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

Arch Energy Illinois

Debt Financing in 2015
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Orthotech Sports Medical Equipment

Debt Financing in 2015
Orthotech Sports Medical Equipment offers and sells a brand commercial fitness product line. Orthotech Sports Medical Equipment is located in Herrin, Illinois.

ILMO Products Company

Debt Financing in 2015
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Gateway Rail Services

Debt Financing in 2015
Gateway Rail Services is run by railcar owners who are passionate about repairing and restoring railcars. Gateway Rail Services is located in Madison, Illinois.

Williams Shooters Supply

Debt Financing in 2015
Williams Shooters Supply is a sports goods wholesaler based in Quincy, Illinois.

Doejo

Debt Financing in 2015
Doejo is a Chicago-based marketing agency that offers comprehensive consulting services for both brick-and-mortar and online businesses. The agency specializes in creating compelling websites and brands while also providing expertise in search engine optimization and social media marketing. In addition to brand development, Doejo focuses on product development, motion graphics, and photography, helping emerging companies effectively promote their products and services across web, mobile, and social media platforms.

Jimi Allen Photography

Debt Financing in 2015
Jimi Allen Photography, Inc. is a firm that delivers marketing consulting services. The company is located in Aurora, Illinois.

PLI Card Marketing Solutions

Debt Financing in 2015
PLI Card Marketing Solutions specializes in providing comprehensive gift and loyalty card marketing solutions, catering primarily to the retail, hospitality, and entertainment sectors. With a robust manufacturing footprint spanning four production facilities and warehouses in Asheville, NC, North Las Vegas, NV, Romeoville, IL, and St. Louis, MO, the company leverages over 450,000 square feet of manufacturing space to deliver high-quality card production and personalization services. PLI also offers fulfillment, direct mail, and various print services, ensuring clients can outsource their card manufacturing needs efficiently and cost-effectively. The company supports its global customer base through distribution centers located in Canada and the Netherlands, employing over 1,000 individuals dedicated to driving success in the commercial card market.

CarstinBrands.com

Debt Financing in 2014
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

elevate DIGITAL

Series B in 2014
Elevate Digital is an interactive digital advertising and software company based in Chicago, Illinois, established in 2011. It specializes in transforming consumer engagement through innovative advertising solutions that incorporate rich media and city information into a multi-sensory experience. The company's primary products are interactive, touch-screen glass displays strategically placed in high-traffic areas. These displays enable consumers to interact with advertisements, control messaging, and access geo-targeted services. Elevate Digital's technology also allows advertisers to engage directly with consumers, collect valuable data, and enhance the overall user experience.

ILMO Products Company

Debt Financing in 2014
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Rucker's Candy

Debt Financing in 2013
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

Marque Medicos

Debt Financing in 2013
Marque Medicos LLC, founded in 2008 and based in Chicago, Illinois, specializes in providing physical medicine healthcare services for injured workers, particularly within the Hispanic community. The company offers a range of medical professionals, including orthopedists, hand specialists, neurologists, and chiropractors, as well as services in physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that address strain injuries, low back, and neck pain, ensuring that patients receive effective and compassionate treatment for various workplace injuries.

Rucker's Candy

Debt Financing in 2012
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

elevate DIGITAL

Series A in 2012
Elevate Digital is an interactive digital advertising and software company based in Chicago, Illinois, established in 2011. It specializes in transforming consumer engagement through innovative advertising solutions that incorporate rich media and city information into a multi-sensory experience. The company's primary products are interactive, touch-screen glass displays strategically placed in high-traffic areas. These displays enable consumers to interact with advertisements, control messaging, and access geo-targeted services. Elevate Digital's technology also allows advertisers to engage directly with consumers, collect valuable data, and enhance the overall user experience.

elevate DIGITAL

Venture Round in 2012
Elevate Digital is an interactive digital advertising and software company based in Chicago, Illinois, established in 2011. It specializes in transforming consumer engagement through innovative advertising solutions that incorporate rich media and city information into a multi-sensory experience. The company's primary products are interactive, touch-screen glass displays strategically placed in high-traffic areas. These displays enable consumers to interact with advertisements, control messaging, and access geo-targeted services. Elevate Digital's technology also allows advertisers to engage directly with consumers, collect valuable data, and enhance the overall user experience.

Apparel Unlimited

Debt Financing in 2012
Apparel Unlimited offers customized shirt printing and embroidery. The company is based in Georgetown, Illinois.

Marque Medicos

Debt Financing in 2012
Marque Medicos LLC, founded in 2008 and based in Chicago, Illinois, specializes in providing physical medicine healthcare services for injured workers, particularly within the Hispanic community. The company offers a range of medical professionals, including orthopedists, hand specialists, neurologists, and chiropractors, as well as services in physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that address strain injuries, low back, and neck pain, ensuring that patients receive effective and compassionate treatment for various workplace injuries.

Rucker's Candy

Debt Financing in 2011
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

Marque Medicos

Debt Financing in 2011
Marque Medicos LLC, founded in 2008 and based in Chicago, Illinois, specializes in providing physical medicine healthcare services for injured workers, particularly within the Hispanic community. The company offers a range of medical professionals, including orthopedists, hand specialists, neurologists, and chiropractors, as well as services in physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that address strain injuries, low back, and neck pain, ensuring that patients receive effective and compassionate treatment for various workplace injuries.

ILMO Products Company

Debt Financing in 2011
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Arch Energy Illinois

Debt Financing in 2011
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Rucker's Candy

Debt Financing in 2010
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

Illinois Neurospine Institute

Debt Financing in 2009
Illinois Neurospine Institute is a medical company that engages in innovative and advanced spinal surgery and spine care.

SOMS Technologies

Convertible Note in 2009
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Series B in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Acquisition in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Series A in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

Rucker's Candy

Debt Financing in 2007
Rucker's Wholesale and Service, Co. Inc., commonly known as Rucker's Candy, is a wholesaler and distributor of confectionery products, including a diverse range of candies and snacks. Founded in 1985, the company is headquartered in Bridgeport, Illinois. Rucker's Candy focuses on providing premium quality sweets that cater to the individual needs of its customers, ensuring a refined texture and taste in their offerings. The company primarily serves retail stores, supplying them with a variety of confectionery items designed to enhance their product selection.

NetRegulus

Debt Financing in 2006
NetRegulus is a technology company based in Oak Brook, Illinois, that specializes in providing Internet of Things (IoT) and augmented reality (AR) platforms, along with enterprise applications. Founded in 1982, the company focuses on serving manufacturers and businesses by offering solutions that enable the creation, connection, operation, analysis, and servicing of products. Additionally, NetRegulus provides web-based regulatory management software tailored for life science companies, facilitating the effective management of clinical study and quality data. Through its innovative offerings, NetRegulus aims to enhance operational efficiency and regulatory compliance for its clients.

NetRegulus

Series B in 2005
NetRegulus is a technology company based in Oak Brook, Illinois, that specializes in providing Internet of Things (IoT) and augmented reality (AR) platforms, along with enterprise applications. Founded in 1982, the company focuses on serving manufacturers and businesses by offering solutions that enable the creation, connection, operation, analysis, and servicing of products. Additionally, NetRegulus provides web-based regulatory management software tailored for life science companies, facilitating the effective management of clinical study and quality data. Through its innovative offerings, NetRegulus aims to enhance operational efficiency and regulatory compliance for its clients.
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