Advantage Capital Partners

Advantage Capital Partners is a United States‑based venture capital firm that provides growth equity, debt, and mezzanine financing to small and mid‑market companies, with a focus on underserved communities and state and local economic development. The firm invests across sectors including manufacturing, technology, business services, life sciences, and energy, and also supports real estate development projects with equity and debt. It typically makes initial investments ranging roughly from half a million to ten million in companies with modest sales, and may participate in larger follow‑on rounds or co‑invest with other firms. It uses senior debt, mezzanine debt, subordinated loans, and government‑guaranteed lending, and often pursues equity positions through preferred shares or convertible notes. Advantage Capital operates nationwide in the United States, with roots in New Orleans and offices in multiple states, and has backed thousands of jobs and housing projects as part of its mission to expand inclusive economic growth.

Al Alvarez

Director

Brian Anderson

Managing Director

Michael Benson

Senior Vice President

Anthony Billings

Vice President

Bitting, Thomas H.P.

Principal

Past deals in Health Care

Gravity Diagnostics

Venture Round in 2025
Gravity Diagnostics is a leading full-service clinical laboratory, licensed in all 50 U.S. states. It specializes in innovative testing for COVID-19, upper respiratory infections, toxicology, pharmacogenomics, and sexually transmitted infections. The company is committed to supporting physicians, patients, and communities with unwavering integrity, regulatory compliance, and clinical expertise.

Medefy

Series A in 2023
Founded in 2018, Medefy is a Tulsa-based healthcare technology company. It offers an app that connects employers directly with their employees regarding health benefits, enabling better communication and engagement to facilitate informed healthcare decisions. The platform helps employees find better-priced, higher-quality healthcare providers locally.

Algorithmic Intuition

Series A in 2021
Algorithmic Intuition Inc. is a technology company based in Mountain View, California, founded in 2016 by Kevin A. Shaw and Dan Brown. The company specializes in developing deep-learning-based algorithms that facilitate the recognition of human activity and context, enabling devices to better understand human needs. One of its key offerings is ADLcare, a connected monitoring system designed for elder care. This system utilizes an on-body smart patch and a cloud-based analytics engine to monitor vital signs, physical movements, and emergency events related to aging adults. The data collected is communicated to caregivers and family members through a smartphone application and an office dashboard, ensuring seamless and respectful monitoring of elderly individuals while prioritizing their security and dignity.

Farmhouse Culture

Convertible Note in 2021
Farmhouse Culture, Inc. is a producer and marketer of organic, probiotic-rich food products, specializing in fermented items such as sauerkraut and kimchi. Founded in 2009 in Watsonville, California, by Kathryn Lukas, a classically trained chef, the company emerged from her passion for traditional fermentation methods and a commitment to promoting gut health. Farmhouse Culture offers a range of organic, non-GMO, plant-based, and gluten-free products designed to enhance overall wellness by supporting digestive health. The company has positioned itself as a leader in the market for rich, health-focused foods and beverages, appealing to consumers interested in nurturing their microbiome and improving their immune system.

Algorithmic Intuition

Series A in 2020
Algorithmic Intuition Inc. is a technology company based in Mountain View, California, founded in 2016 by Kevin A. Shaw and Dan Brown. The company specializes in developing deep-learning-based algorithms that facilitate the recognition of human activity and context, enabling devices to better understand human needs. One of its key offerings is ADLcare, a connected monitoring system designed for elder care. This system utilizes an on-body smart patch and a cloud-based analytics engine to monitor vital signs, physical movements, and emergency events related to aging adults. The data collected is communicated to caregivers and family members through a smartphone application and an office dashboard, ensuring seamless and respectful monitoring of elderly individuals while prioritizing their security and dignity.

Genicon

Debt Financing in 2020
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Genicon

Debt Financing in 2019
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Farmhouse Culture

Venture Round in 2019
Farmhouse Culture, Inc. is a producer and marketer of organic, probiotic-rich food products, specializing in fermented items such as sauerkraut and kimchi. Founded in 2009 in Watsonville, California, by Kathryn Lukas, a classically trained chef, the company emerged from her passion for traditional fermentation methods and a commitment to promoting gut health. Farmhouse Culture offers a range of organic, non-GMO, plant-based, and gluten-free products designed to enhance overall wellness by supporting digestive health. The company has positioned itself as a leader in the market for rich, health-focused foods and beverages, appealing to consumers interested in nurturing their microbiome and improving their immune system.

Genicon

Debt Financing in 2018
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

ModernMD Urgent Care

Debt Financing in 2018
ModernMD Urgent Care operates a network of urgent care centers that provide accessible medical services seven days a week. The centers are equipped to handle a variety of health issues, including common illnesses such as colds and the flu, as well as injuries like sprains and fractures. In addition to treating urgent medical conditions, ModernMD offers a range of services including physicals, vaccinations, immunizations, laboratory tests, and x-ray services. By focusing on timely and convenient care, the company aims to deliver an affordable alternative for patients seeking treatment for everyday health concerns.

ModernMD Urgent Care

Venture Round in 2018
ModernMD Urgent Care operates a network of urgent care centers that provide accessible medical services seven days a week. The centers are equipped to handle a variety of health issues, including common illnesses such as colds and the flu, as well as injuries like sprains and fractures. In addition to treating urgent medical conditions, ModernMD offers a range of services including physicals, vaccinations, immunizations, laboratory tests, and x-ray services. By focusing on timely and convenient care, the company aims to deliver an affordable alternative for patients seeking treatment for everyday health concerns.

Farmhouse Culture

Convertible Note in 2018
Farmhouse Culture, Inc. is a producer and marketer of organic, probiotic-rich food products, specializing in fermented items such as sauerkraut and kimchi. Founded in 2009 in Watsonville, California, by Kathryn Lukas, a classically trained chef, the company emerged from her passion for traditional fermentation methods and a commitment to promoting gut health. Farmhouse Culture offers a range of organic, non-GMO, plant-based, and gluten-free products designed to enhance overall wellness by supporting digestive health. The company has positioned itself as a leader in the market for rich, health-focused foods and beverages, appealing to consumers interested in nurturing their microbiome and improving their immune system.

Marque Medicos

Debt Financing in 2018
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Genicon

Debt Financing in 2017
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Farmhouse Culture

Series D in 2017
Farmhouse Culture, Inc. is a producer and marketer of organic, probiotic-rich food products, specializing in fermented items such as sauerkraut and kimchi. Founded in 2009 in Watsonville, California, by Kathryn Lukas, a classically trained chef, the company emerged from her passion for traditional fermentation methods and a commitment to promoting gut health. Farmhouse Culture offers a range of organic, non-GMO, plant-based, and gluten-free products designed to enhance overall wellness by supporting digestive health. The company has positioned itself as a leader in the market for rich, health-focused foods and beverages, appealing to consumers interested in nurturing their microbiome and improving their immune system.

Marque Medicos

Debt Financing in 2016
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Genicon

Debt Financing in 2016
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Hygia Health Services

Series B in 2015
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

Genicon

Series B in 2015
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

AccuReg

Debt Financing in 2014
AccuReg is a provider of cloud-based revenue cycle management software tailored for the healthcare sector. The company specializes in enhancing the patient experience by offering a flexible platform that consolidates various vendors, systems, and processes related to patient access, intake, and engagement. AccuReg's software facilitates the estimation and collection of patient payments prior to service, incorporating options for loans, discounts, and payment plans. Additionally, it employs predictive analytics to detect and prevent payment denials before they occur, leveraging automation and intelligence to optimize revenue capture at the initial stages of the revenue cycle. Through its innovative solutions, AccuReg aims to streamline operations for hospitals, health systems, and specialty practices.

AccuReg

Series A in 2014
AccuReg is a provider of cloud-based revenue cycle management software tailored for the healthcare sector. The company specializes in enhancing the patient experience by offering a flexible platform that consolidates various vendors, systems, and processes related to patient access, intake, and engagement. AccuReg's software facilitates the estimation and collection of patient payments prior to service, incorporating options for loans, discounts, and payment plans. Additionally, it employs predictive analytics to detect and prevent payment denials before they occur, leveraging automation and intelligence to optimize revenue capture at the initial stages of the revenue cycle. Through its innovative solutions, AccuReg aims to streamline operations for hospitals, health systems, and specialty practices.

QuaDPharma

Debt Financing in 2014
QuaDPharma specializes in small-scale pre-commercial and commercial manufacturing for the pharmaceutical industry. The company offers a range of services, including small-batch pharmaceutical manufacturing, process development, and analytical testing for raw materials and finished products. Additionally, QuaDPharma manages product stability programs, ensuring the quality and reliability of pharmaceuticals. With a foundation in drug discovery and pilot plant scale-up, the company leverages the expertise of its team to meet the specific needs of its clients in the pharmaceutical sector.

Marque Medicos

Debt Financing in 2013
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Hygia Health Services

Debt Financing in 2013
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

QuaDPharma

Venture Round in 2012
QuaDPharma specializes in small-scale pre-commercial and commercial manufacturing for the pharmaceutical industry. The company offers a range of services, including small-batch pharmaceutical manufacturing, process development, and analytical testing for raw materials and finished products. Additionally, QuaDPharma manages product stability programs, ensuring the quality and reliability of pharmaceuticals. With a foundation in drug discovery and pilot plant scale-up, the company leverages the expertise of its team to meet the specific needs of its clients in the pharmaceutical sector.

QuaDPharma

Debt Financing in 2012
QuaDPharma specializes in small-scale pre-commercial and commercial manufacturing for the pharmaceutical industry. The company offers a range of services, including small-batch pharmaceutical manufacturing, process development, and analytical testing for raw materials and finished products. Additionally, QuaDPharma manages product stability programs, ensuring the quality and reliability of pharmaceuticals. With a foundation in drug discovery and pilot plant scale-up, the company leverages the expertise of its team to meet the specific needs of its clients in the pharmaceutical sector.

Marque Medicos

Debt Financing in 2012
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Hygia Health Services

Series A in 2011
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

Marque Medicos

Debt Financing in 2011
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

AGIS Network

Series C in 2008
AGIS Network, Inc. is a technology-driven company that provides resources for the aging and disability communities. Founded in 1998 and based in San Ramon, California, AGIS Network develops online systems designed to connect seniors, caregivers, and individuals with disabilities to home and community-based services, caregiving information, and government resources. The company's platform facilitates collaboration among government agencies, service providers, and families in the eldercare sector. Key offerings include AGIS.com, which provides free access to information and local service providers, as well as various technological solutions such as eForms for agency applications and SAMSapp, an app that enhances system functionality. AGIS Network also provides educational resources, articles, and checklists to support families navigating eldercare challenges, along with employee training seminars and communication solutions for the aging workforce.

AGIS Network

Series B in 2007
AGIS Network, Inc. is a technology-driven company that provides resources for the aging and disability communities. Founded in 1998 and based in San Ramon, California, AGIS Network develops online systems designed to connect seniors, caregivers, and individuals with disabilities to home and community-based services, caregiving information, and government resources. The company's platform facilitates collaboration among government agencies, service providers, and families in the eldercare sector. Key offerings include AGIS.com, which provides free access to information and local service providers, as well as various technological solutions such as eForms for agency applications and SAMSapp, an app that enhances system functionality. AGIS Network also provides educational resources, articles, and checklists to support families navigating eldercare challenges, along with employee training seminars and communication solutions for the aging workforce.

Awarix

Venture Round in 2006
Awarix develops software and online tools tailored for the healthcare industry. Based in Alabama, USA, the company offers a digital platform designed to manage all patient data efficiently. Awarix provides communication and reporting tools that enable operational and administrative staff to quickly access critical information across the entire healthcare enterprise.

AGIS Network

Series A in 2005
AGIS Network, Inc. is a technology-driven company that provides resources for the aging and disability communities. Founded in 1998 and based in San Ramon, California, AGIS Network develops online systems designed to connect seniors, caregivers, and individuals with disabilities to home and community-based services, caregiving information, and government resources. The company's platform facilitates collaboration among government agencies, service providers, and families in the eldercare sector. Key offerings include AGIS.com, which provides free access to information and local service providers, as well as various technological solutions such as eForms for agency applications and SAMSapp, an app that enhances system functionality. AGIS Network also provides educational resources, articles, and checklists to support families navigating eldercare challenges, along with employee training seminars and communication solutions for the aging workforce.

Cardax Pharma

Venture Round in 2004
Cardax, Inc. is a biopharmaceutical company based in Honolulu, Hawaii, specializing in the development and commercialization of dietary supplements and pharmaceutical products targeting inflammatory health and chronic diseases driven by oxidative stress. The company's flagship product, ZanthoSyn, is an anti-inflammatory dietary supplement that utilizes astaxanthin, known for its enhanced absorption and purity, to promote health and longevity. Cardax sells ZanthoSyn primarily through e-commerce and wholesale channels while exploring additional therapeutic options. The company is also developing pharmaceutical candidates such as CDX-101 and CDX-301, which focus on astaxanthin and zeaxanthin, respectively, for various medical conditions. Furthermore, Cardax has established strategic partnerships, including a joint development agreement with BASF SE and a collaboration with Capsugel US, LLC, to enhance its product offerings in the consumer health market. The company's innovative approach aims to address significant unmet medical needs across a range of conditions, including metabolic diseases, cardiovascular issues, and arthritis, with an emphasis on safety and efficacy.
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