Advantage X

Advantage Capital is a venture capital firm founded in 1992 and based in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, primarily targeting small businesses at various stages of development, from early to later stages, excluding seed investments. Advantage Capital focuses on investing in low-income communities, both urban and rural, and supports state and local economic development initiatives. It seeks opportunities in sectors such as communication, information technology, telecommunications, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy, while also considering investments in rural agricultural businesses. The firm typically makes initial investments ranging from $0.5 million to $10 million in companies with sales of less than $5 million, with potential for larger investments based on milestones. Advantage Capital also provides various forms of debt capital and prefers co-investing with other firms. The firm is committed to addressing the financing needs of underserved areas and fostering economic growth in communities lacking traditional sources of risk capital.

Al Alvarez

Director

Brian Anderson

Managing Director

Anthony Billings

Senior Vice President and Investment Team Member

Bitting, Thomas H.P.

Managing Director

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Trey Garland

Senior Associate

Christopher C. Harris

Principal

Joseph Henderson

Senior Vice President

Leah Hendricks

Vice President

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director / Chief Impact Officer

Scott Murphy

Managing Director and Chief Investment Officer

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Keith Pettus

Principal

Damon L. Rawie

Managing Director

Josh Rogers

Principal

Gabe Rosen

Vice President

Talmadge Singer

Managing Director

Steven T. Stull

President

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President

Benjamin T. Warning

Vice President

J.P. Lynch

Vice President

Past deals in Birmingham

Nomis Seismographs

Debt Financing in 2018
Nomis Seismographs, Inc. is a manufacturer of seismic monitoring equipment designed for the construction, mining, quarrying, and demolition industries. The company produces seismographs and a range of accessories, including accelerometers, alarm assemblies, and vibration sensors. These instruments enable clients to monitor ground vibrations and air over-pressure, helping them comply with regulatory requirements and mitigate liability. In addition, Nomis offers personalized after-sale services, including factory authorized parts, service, and calibration for their equipment. The company's products are distributed both directly and through agents and distributors across various regions, including Europe, Asia, and North America. Founded in 1982 and based in Birmingham, Alabama, Nomis Seismographs has established a strong presence in the seismic monitoring market.

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.

Southern Veterinary Partners

Debt Financing in 2014
Southern Veterinary Partners is a veterinarian owned and managed regional network of animal hospitals. Southern Veterinary Partners pursues partnerships with like-minded veterinarians to build our network of high quality and service-oriented animal hospitals.

Southeastern Plateworks

Debt Financing in 2013
Southeastern Plateworks, founded in 2004 and based in Alabama, specializes in the manufacturing of fabricated steel components for various industrial applications. The company produces structural steel components primarily for sectors such as power generation, air pollution control, and engineering construction. By focusing on high-quality manufacturing, Southeastern Plateworks supports customers in executing complex projects across heavy industrial markets.

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.

Daxko

Debt Financing in 2010
Daxko, based in Birmingham, Alabama, specializes in providing operations and financial management solutions tailored for member-centric nonprofits, particularly within the YMCA sector. The company offers a software-as-a-service platform that includes the OnDemand software suite, featuring Daxko Operations and Daxko Accounting. This suite assists various member-based health and wellness facilities—such as enterprise health clubs, boutique fitness studios, and campus recreation centers—by streamlining member management and integrating payment processing. Daxko's solutions enhance organizational efficiency, increase engagement, and foster greater community impact, ultimately supporting customers in achieving their operational and community service goals.

FireRock

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.

FireRock

Debt Financing in 2009
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.

Southeastern Plateworks

Debt Financing in 2008
Southeastern Plateworks, founded in 2004 and based in Alabama, specializes in the manufacturing of fabricated steel components for various industrial applications. The company produces structural steel components primarily for sectors such as power generation, air pollution control, and engineering construction. By focusing on high-quality manufacturing, Southeastern Plateworks supports customers in executing complex projects across heavy industrial markets.

FireRock

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.

Daxko

Debt Financing in 2007
Daxko, based in Birmingham, Alabama, specializes in providing operations and financial management solutions tailored for member-centric nonprofits, particularly within the YMCA sector. The company offers a software-as-a-service platform that includes the OnDemand software suite, featuring Daxko Operations and Daxko Accounting. This suite assists various member-based health and wellness facilities—such as enterprise health clubs, boutique fitness studios, and campus recreation centers—by streamlining member management and integrating payment processing. Daxko's solutions enhance organizational efficiency, increase engagement, and foster greater community impact, ultimately supporting customers in achieving their operational and community service goals.

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.

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.

ActekSoft

Debt Financing in 2004
ActekSoft delivers commission and incentive compensation software solutions to automate the process of calculating and managing complex commission, incentive and bonus pay arrangements. Founded in 1999, with a focus on developing J2EE software products for the healthcare payer market, ActekSoft's products are now used in all segments of the insurance and financial services industries. Their focus is the delivery of highly user configurable software capable of delivering power to non-technical users, ensuring their products provide both tactical and strategic benefits, along with quantifiable return-on-investment (ROI).

Emageon

Debt Financing in 2004
Emageon provides an enterprise-level information technology solution for the clinical analysis and management of digital medical images within health care provider organizations.
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