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

Senior Vice President and Investment Team Member

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Keith Freeman

Managing Director

Trey Garland

Senior Associate and Investment Team Member

Trey Garland

Senior Associate

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

J.P. Lynch

Vice President, Investments

Jeffrey Gentsch

Venture Partner

Past deals in GovTech

Nevada Nano

Convertible Note in 2021
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Cecil D. Gassiott

Debt Financing in 2021
CDG is a general contractor that specializes in the construction of federal and state projects. It is headquartered in Alexandria, Louisiana.

Beehive Industries

Convertible Note in 2020
Beehive Industries, LLC is a software company based in Lincoln, Nebraska, specializing in infrastructure and asset management solutions for state and local governments, utilities, resource districts, and the construction sector. Founded in 2011, Beehive provides a comprehensive software platform that enables clients to track, manage, and document activities related to a wide range of physical assets, including water and wastewater systems, streetlights, gas and electric utilities, and public works projects. The software consolidates and shares data effectively, offering a digital view that enhances management processes and supports proactive planning and prevention efforts. By streamlining asset and workforce management, Beehive Industries aims to improve operational efficiency and effectiveness for its public sector clients.

Nevada Nano

Convertible Note in 2020
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Nevada Nano

Convertible Note in 2019
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

SpecTIR

Debt Financing in 2018
SpecTIR provides hyperspectral and geospatial solutions to government and commercial clients, enabling critical mission operations. They work all over the world, concentrating on particular client needs. As a privately held small business, their reputation is built on technical prowess and a commitment to meeting the needs of their customers. They use a team from well scientists, engineers, program managers, remote sensing experts, and analysts with a foundation in hyperspectral technology.

North End Teleservices

Debt Financing in 2018
North End Teleservices specializes in delivering advanced contact center solutions to government entities at all levels and commercial businesses. They offer customized outsourced services such as customer service, sales support, back-office assistance, overflow management, and after-hours coverage, tailored to meet clients' unique requirements. The company prides itself on exceptional service quality, client relationships, and job creation within the communities it serves.

Beehive Industries

Series B in 2018
Beehive Industries, LLC is a software company based in Lincoln, Nebraska, specializing in infrastructure and asset management solutions for state and local governments, utilities, resource districts, and the construction sector. Founded in 2011, Beehive provides a comprehensive software platform that enables clients to track, manage, and document activities related to a wide range of physical assets, including water and wastewater systems, streetlights, gas and electric utilities, and public works projects. The software consolidates and shares data effectively, offering a digital view that enhances management processes and supports proactive planning and prevention efforts. By streamlining asset and workforce management, Beehive Industries aims to improve operational efficiency and effectiveness for its public sector clients.

PayIt

Convertible Note in 2018
PayIt, LLC is a company that specializes in developing cloud-based software solutions aimed at modernizing government payment processes for constituents. Established in 2013 and headquartered in Kansas City, Missouri, PayIt provides a digital platform that enhances the payment experience for state and local government agencies. Its services cover various areas, including property taxes, courts, utilities, and public safety, facilitating a seamless and secure digital payment system across web, desktop, and mobile interfaces. PayIt's technology integrates with existing back-office systems and creates a unified resident profile, thereby improving operational efficiency and resident satisfaction. The company has garnered recognition for its innovative approach, serving over 100 million residents across North America and receiving awards for its contributions to government technology.

Nevada Nano

Series B in 2017
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

PayIt

Convertible Note in 2017
PayIt, LLC is a company that specializes in developing cloud-based software solutions aimed at modernizing government payment processes for constituents. Established in 2013 and headquartered in Kansas City, Missouri, PayIt provides a digital platform that enhances the payment experience for state and local government agencies. Its services cover various areas, including property taxes, courts, utilities, and public safety, facilitating a seamless and secure digital payment system across web, desktop, and mobile interfaces. PayIt's technology integrates with existing back-office systems and creates a unified resident profile, thereby improving operational efficiency and resident satisfaction. The company has garnered recognition for its innovative approach, serving over 100 million residents across North America and receiving awards for its contributions to government technology.

Nevada Nano

Convertible Note in 2017
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Knoa

Venture Round in 2016
Knoa Software, Inc., established in 1987 and headquartered in New York, specializes in User Experience Management (UEM) software. The company's core product, Knoa UEM, provides front-end monitoring technology that delivers user experience metrics for various enterprise applications, including SAP and Oracle. This software offers actionable insights to optimize business processes, enhance user productivity, and ensure compliance. Knoa also provides SAP S/4HANA migration services and consultancy services. The company has strategic alliances with SAP and Oracle, with SAP reselling Knoa's Task Mining solution and integrating it with SAP Signavio Process Mining. Knoa serves hundreds of corporations and government organizations worldwide, partnering with global service providers and technology leaders.

PayIt

Series A in 2016
PayIt, LLC is a company that specializes in developing cloud-based software solutions aimed at modernizing government payment processes for constituents. Established in 2013 and headquartered in Kansas City, Missouri, PayIt provides a digital platform that enhances the payment experience for state and local government agencies. Its services cover various areas, including property taxes, courts, utilities, and public safety, facilitating a seamless and secure digital payment system across web, desktop, and mobile interfaces. PayIt's technology integrates with existing back-office systems and creates a unified resident profile, thereby improving operational efficiency and resident satisfaction. The company has garnered recognition for its innovative approach, serving over 100 million residents across North America and receiving awards for its contributions to government technology.

Beehive Industries

Convertible Note in 2015
Beehive Industries, LLC is a software company based in Lincoln, Nebraska, specializing in infrastructure and asset management solutions for state and local governments, utilities, resource districts, and the construction sector. Founded in 2011, Beehive provides a comprehensive software platform that enables clients to track, manage, and document activities related to a wide range of physical assets, including water and wastewater systems, streetlights, gas and electric utilities, and public works projects. The software consolidates and shares data effectively, offering a digital view that enhances management processes and supports proactive planning and prevention efforts. By streamlining asset and workforce management, Beehive Industries aims to improve operational efficiency and effectiveness for its public sector clients.

Nevada Nano

Convertible Note in 2015
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Knoa

Series B in 2014
Knoa Software, Inc., established in 1987 and headquartered in New York, specializes in User Experience Management (UEM) software. The company's core product, Knoa UEM, provides front-end monitoring technology that delivers user experience metrics for various enterprise applications, including SAP and Oracle. This software offers actionable insights to optimize business processes, enhance user productivity, and ensure compliance. Knoa also provides SAP S/4HANA migration services and consultancy services. The company has strategic alliances with SAP and Oracle, with SAP reselling Knoa's Task Mining solution and integrating it with SAP Signavio Process Mining. Knoa serves hundreds of corporations and government organizations worldwide, partnering with global service providers and technology leaders.

Beehive Industries

Series A in 2014
Beehive Industries, LLC is a software company based in Lincoln, Nebraska, specializing in infrastructure and asset management solutions for state and local governments, utilities, resource districts, and the construction sector. Founded in 2011, Beehive provides a comprehensive software platform that enables clients to track, manage, and document activities related to a wide range of physical assets, including water and wastewater systems, streetlights, gas and electric utilities, and public works projects. The software consolidates and shares data effectively, offering a digital view that enhances management processes and supports proactive planning and prevention efforts. By streamlining asset and workforce management, Beehive Industries aims to improve operational efficiency and effectiveness for its public sector clients.

Beehive Industries

Convertible Note in 2014
Beehive Industries, LLC is a software company based in Lincoln, Nebraska, specializing in infrastructure and asset management solutions for state and local governments, utilities, resource districts, and the construction sector. Founded in 2011, Beehive provides a comprehensive software platform that enables clients to track, manage, and document activities related to a wide range of physical assets, including water and wastewater systems, streetlights, gas and electric utilities, and public works projects. The software consolidates and shares data effectively, offering a digital view that enhances management processes and supports proactive planning and prevention efforts. By streamlining asset and workforce management, Beehive Industries aims to improve operational efficiency and effectiveness for its public sector clients.

Knoa

Convertible Note in 2014
Knoa Software, Inc., established in 1987 and headquartered in New York, specializes in User Experience Management (UEM) software. The company's core product, Knoa UEM, provides front-end monitoring technology that delivers user experience metrics for various enterprise applications, including SAP and Oracle. This software offers actionable insights to optimize business processes, enhance user productivity, and ensure compliance. Knoa also provides SAP S/4HANA migration services and consultancy services. The company has strategic alliances with SAP and Oracle, with SAP reselling Knoa's Task Mining solution and integrating it with SAP Signavio Process Mining. Knoa serves hundreds of corporations and government organizations worldwide, partnering with global service providers and technology leaders.

Knoa

Series A in 2012
Knoa Software, Inc., established in 1987 and headquartered in New York, specializes in User Experience Management (UEM) software. The company's core product, Knoa UEM, provides front-end monitoring technology that delivers user experience metrics for various enterprise applications, including SAP and Oracle. This software offers actionable insights to optimize business processes, enhance user productivity, and ensure compliance. Knoa also provides SAP S/4HANA migration services and consultancy services. The company has strategic alliances with SAP and Oracle, with SAP reselling Knoa's Task Mining solution and integrating it with SAP Signavio Process Mining. Knoa serves hundreds of corporations and government organizations worldwide, partnering with global service providers and technology leaders.

Matrix Providers

Debt Financing in 2012
Matrix Providers is a company that addresses the shortages in the supply of healthcare workers, specifically focusing on the needs of the government, military, families, and veterans. Their primary service is to enhance the medical staffing system by providing placement services that aim to improve employment outcomes and overall performance within government-contracted medical staffing. By recruiting qualified professionals, Matrix Providers enables its clients to increase productivity and ensure that essential healthcare services are effectively delivered.

ArcMail Technology

Convertible Note in 2011
ArcMail Technology, founded in 2005, specializes in email archiving and management solutions tailored for companies and large organizations across various regulated industries, including healthcare, financial services, legal services, government, and education. The company's flagship product, Defender, enhances user experience and simplifies IT processes by securely archiving business emails in an efficient appliance. ArcMail's offerings include a range of cost-effective and user-friendly archiving solutions, featuring comprehensive and customizable capabilities that ensure secure and compliant retention, storage, and retrieval of email and electronic data. In recognition of its innovative contributions to the industry, ArcMail received the Product Innovation Award from Network Products Guide in 2009.

Motion Computing

Debt Financing in 2010
Motion Computing, based in Austin, Texas, specializes in the development of slate tablet PCs tailored for mobile professionals across various sectors, including healthcare, government, and field force automation. The company is recognized as a leader in mobile computing and wireless communications, focusing on delivering innovative solutions that enhance productivity for users on the move. Motion's product line includes advanced tablet PCs and accessories designed for security, power, and versatility, catering to the unique needs of its clientele. By integrating cutting-edge technologies into its offerings, Motion aims to provide comprehensive computing solutions that support the evolving demands of mobile professionals.

ArcMail Technology

Venture Round in 2009
ArcMail Technology, founded in 2005, specializes in email archiving and management solutions tailored for companies and large organizations across various regulated industries, including healthcare, financial services, legal services, government, and education. The company's flagship product, Defender, enhances user experience and simplifies IT processes by securely archiving business emails in an efficient appliance. ArcMail's offerings include a range of cost-effective and user-friendly archiving solutions, featuring comprehensive and customizable capabilities that ensure secure and compliant retention, storage, and retrieval of email and electronic data. In recognition of its innovative contributions to the industry, ArcMail received the Product Innovation Award from Network Products Guide in 2009.

Portico Learning Solutions

Venture Round in 2008
At Portico, they have focused on providing eLearning solutions to government and corporate entities since 1998. They specialize in courseware management and custom eLearning courseware development, and have implemented both their courseware and their learning management systems successfully in a wide range of technical environments. Their company currently provides eLearning to many companies spanning many industries, worldwide. Their approach to every solution is to match training initiatives to their clients' business objectives and strategies, enabling them to add value to their enterprise.

ArcMail Technology

Series A in 2007
ArcMail Technology, founded in 2005, specializes in email archiving and management solutions tailored for companies and large organizations across various regulated industries, including healthcare, financial services, legal services, government, and education. The company's flagship product, Defender, enhances user experience and simplifies IT processes by securely archiving business emails in an efficient appliance. ArcMail's offerings include a range of cost-effective and user-friendly archiving solutions, featuring comprehensive and customizable capabilities that ensure secure and compliant retention, storage, and retrieval of email and electronic data. In recognition of its innovative contributions to the industry, ArcMail received the Product Innovation Award from Network Products Guide in 2009.

Portico Learning Solutions

Series A in 2006
At Portico, they have focused on providing eLearning solutions to government and corporate entities since 1998. They specialize in courseware management and custom eLearning courseware development, and have implemented both their courseware and their learning management systems successfully in a wide range of technical environments. Their company currently provides eLearning to many companies spanning many industries, worldwide. Their approach to every solution is to match training initiatives to their clients' business objectives and strategies, enabling them to add value to their enterprise.

encryptX

Venture Round in 2005
ENCRYPTX, a BeCompliant Company, specializes in encryption and security solutions for removable devices and media. Established in 1999, the company has developed a range of products that safeguard digital information for consumers, enterprises, and government entities. ENCRYPTX's solutions are utilized by numerous well-known organizations, including IBM, Boeing, and KPMG, as well as various local, state, and federal agencies, including the US Department of Defense. The company’s products are also integrated and sold by leading original equipment manufacturers, reaching over 20 million devices globally. ENCRYPTX’s offerings encompass data encryption, device management, and digital rights management, providing clients with robust alternatives for protecting their sensitive information.

Fortress Technologies

Venture Round in 1999
With over 65,000 systems currently deployed and serving as the infrastructure backbone of the largest Department of Defense (DoD) wireless mesh network, Fortress Technologies is the established leader in secure tactical wireless communications. Fortress delivers the most advanced solutions for deployable secure wireless mesh networks, designed specifically for highly mobile and rugged outdoor, tactical military and secure government environments. Leveraging a self forming, self healing, path-optimizing meshing protocol, Fortress' products incorporate government grade security algorithms and meet stringent environmental standards. Based on standard wireless technology uniquely enhanced for DoD requirements, Fortress' COTS+ solutions are purpose built for inclusion into standard or tailored in-theater communications systems. Fortress' secure wireless networking products and embedded solutions for government markets are intended for easy integration and technical insertion, enabling partners and customers to meet their most challenging wireless communications needs.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.