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 Textiles

Vista Medical

Series A in 2021
Vista Medical provides medical professionals with a number of essential applications for patient protection and training. It employs balance, gait, support surfaces, and wheelchair seating systems. It also uses pressure mapping as a key component of our smart seat and smart beds. These surfaces detect and adapt to changes in a person's position throughout the day, optimizing pressure distribution and reducing the risk of pressure damage.

Natural Fiber Welding

Venture Round in 2021
Natural Fiber Welding, Inc. is a manufacturer and supplier of innovative fabrics and materials, utilizing technology that transforms plants and natural fibers into durable textiles and products. Founded in 2015 and based in Peoria, Illinois, the company focuses on harnessing renewable resources to create sustainable alternatives to synthetic materials. By leveraging abundant local resources, Natural Fiber Welding aims to develop scalable solutions that are accessible to diverse communities, enhancing the quality and usability of their products while minimizing processing costs. The company’s commitment to sustainability and innovation positions it as a leader in the movement toward environmentally friendly materials.

Westport Linen Services

Debt Financing in 2021
Westport Linen Services, LLC is a healthcare laundry service provider based in Baton Rouge, Louisiana. Established in 1999, the company specializes in offering rental linen services to a range of healthcare facilities, including hospitals, clinics, surgical centers, nursing homes, and physician practices. Its product offerings include physicians' coats, scrub apparel, patient gowns, bed sheets, bath towels, and lab coats, along with custom embroidery and logo creation services. Westport Linen Services aims to support healthcare organizations by providing high-quality linen and garments while helping them reduce costs associated with equipment, maintenance, and staffing. By partnering with various healthcare entities, the company enhances patient satisfaction and contributes to a professional image for its clients.

Westport Linen Services

Debt Financing in 2020
Westport Linen Services, LLC is a healthcare laundry service provider based in Baton Rouge, Louisiana. Established in 1999, the company specializes in offering rental linen services to a range of healthcare facilities, including hospitals, clinics, surgical centers, nursing homes, and physician practices. Its product offerings include physicians' coats, scrub apparel, patient gowns, bed sheets, bath towels, and lab coats, along with custom embroidery and logo creation services. Westport Linen Services aims to support healthcare organizations by providing high-quality linen and garments while helping them reduce costs associated with equipment, maintenance, and staffing. By partnering with various healthcare entities, the company enhances patient satisfaction and contributes to a professional image for its clients.

Cady Bag

Debt Financing in 2020
Cady Bag Company, LLC is a manufacturer based in Pearson, Georgia, specializing in polypropylene fabrics and bags. Founded in 1957, the company operates as a vertically integrated entity, providing a diverse range of products that cater to various industries. Its offerings include mesh bags for produce such as onions and citrus, biaxially oriented polypropylene bags for packaging animal nutrition and pet food, and specialty bags for niche markets, including seafood and agriculture. Cady Bag also produces protective fabrics for manufactured housing and recreational vehicles, as well as geotextile fabrics. With a commitment to quality and consistency, Cady Bag utilizes state-of-the-art equipment to deliver competitive products tailored to the needs of its clients. The company was previously known as Cady-Webb Bag Company before rebranding in 1967.

Kanata Blanket

Debt Financing in 2020
Kanata Blanket Company, founded in 1993 and based in Richmond, British Columbia, manufactures a diverse range of portable and rugged blankets, towels, and related products for the retail and gift markets in Canada and the United States. The company's offerings include blankets and throws made from various materials such as polyester, faux fur, and wool, as well as outdoor and picnic blankets, pillows, robes, slippers, and scarves. Kanata Blanket also features themed collections, including the Home Collection and the Adventure Collection, which provide high-quality products tailored for different needs. Additionally, the company supports wholesale orders with customization options and sells its products online, catering to a wide array of consumer preferences.

Meltblown Technologies

Debt Financing in 2019
Meltblown Technologies manufactures spill control and industrial hygiene products to help keep a workplace clean, safe, and in compliance. MBT absorbents clean up all kinds of leaks, drips, and spills. Its spill kits provide everything needed for a quick response to a variety of spill applications. The company's containment products provide for the safe storage of chemicals, fluids, and hazardous materials. Meltblown Technologies was founded in Sandersville, Georgia in 2007.

Fig Tree Steel

Debt Financing in 2019
Fig Tree Steel is a steel fabrication company that offers structural and miscellaneous steel fabrication services. The company's products are used for stairs, rails, ladders, bollards, gates, steel joists, and decking, enabling general contractors and clients to get parts and tools for various engineering services. It was founded in 1989 in Springdale, Arkansas.

Catalyst Fabric Solutions

Debt Financing in 2019
Catalyst Fabrics is a manufacturing company that offers custom printed fabrics for finishing and distribution. It offers finishing options including aroma and scent, cooling, and repellant finishes and handles fabric, finishing, and fulfillment needs. The company combines the continuous advances in Digital Dye Sublimation printing with the latest automation of order and manufacturing processes. Catalyst Fabric Solutions is headquartered in Marianna, Florida.

KnitCrate

Debt Financing in 2018
KnitCrate LLC, founded in 2012 and based in Miami, Florida, operates a subscription service that delivers yarns, knitting and crochet patterns, and additional items to fiber artists. The company caters to knitters of all skill levels, offering packages that include premium yarn sourced from both established brands and emerging suppliers, along with project patterns and extra items for enjoyment. KnitCrate provides various subscription options, including monthly and bi-monthly plans, as well as gift subscriptions, appealing to the global community of approximately 100 million knitters. Each package not only contains yarn but also features a printed booklet with patterns and design ideas, enhancing the user experience and promoting creativity within the craft.

Catalyst Fabric Solutions

Debt Financing in 2018
Catalyst Fabrics is a manufacturing company that offers custom printed fabrics for finishing and distribution. It offers finishing options including aroma and scent, cooling, and repellant finishes and handles fabric, finishing, and fulfillment needs. The company combines the continuous advances in Digital Dye Sublimation printing with the latest automation of order and manufacturing processes. Catalyst Fabric Solutions is headquartered in Marianna, Florida.

Carolina Precision Fibers

Debt Financing in 2018
Carolina Precision Fibers Inc manufactures construction materials and building products from recycled materials. The company manufactures cellulose insulation products, industrial fiber for construction of roads, and bonded fiber matrix (BFM) for the erosion control industry. The company’s portfolio of products includes hydroseeding mulch; additives, including, SAP 1500, EZ Lime, E Z Tackifier, and E Z Crystals; documents, including, product specifications and material safety data sheet. The company manufactures industrial grade cellulose fibers used in composite materials, such as, absorbents, sealants, asphalts, caulks, fillers, mastics and fuel pellets for industrial applications. The company was founded in 2001 and is headquartered in Ronda, North Carolina.

Carolina Precision Fibers

Convertible Note in 2018
Carolina Precision Fibers Inc manufactures construction materials and building products from recycled materials. The company manufactures cellulose insulation products, industrial fiber for construction of roads, and bonded fiber matrix (BFM) for the erosion control industry. The company’s portfolio of products includes hydroseeding mulch; additives, including, SAP 1500, EZ Lime, E Z Tackifier, and E Z Crystals; documents, including, product specifications and material safety data sheet. The company manufactures industrial grade cellulose fibers used in composite materials, such as, absorbents, sealants, asphalts, caulks, fillers, mastics and fuel pellets for industrial applications. The company was founded in 2001 and is headquartered in Ronda, North Carolina.

KFI Seating

Debt Financing in 2017
KFI is a manufacturer of commercial furniture based in Louisville, Kentucky. They manufacture a broad offering of tables and chairs that fit almost any seating solution for Commercial, Hospitality, Education, Government and Healthcare. Most products are manufactured or assembled right here in KY.

Refine Tile

Debt Financing in 2016
Refine Tile is a manufacturer of ceramic tiles such as mosaic, bullnose, and deco tile.

Refine Tile

Debt Financing in 2015
Refine Tile is a manufacturer of ceramic tiles such as mosaic, bullnose, and deco tile.

Fig Tree Steel

Debt Financing in 2015
Fig Tree Steel is a steel fabrication company that offers structural and miscellaneous steel fabrication services. The company's products are used for stairs, rails, ladders, bollards, gates, steel joists, and decking, enabling general contractors and clients to get parts and tools for various engineering services. It was founded in 1989 in Springdale, Arkansas.

Superior Linen

Debt Financing in 2014
Superior Linen, LLC operates as a commercial laundry and linen rental company in Las Vegas. It provides uniform laundry, hotel linen, linen rental and terry, double delivery, household items laundry, and leather and suede cleaning services. The company also offers LinenMaster, a web-based hotel linen service management program that allows clients to view hotel linen service invoices and shipping manifests in real-time over the Internet. Superior Linen, LLC was founded in 2009 and is headquartered in North Las Vegas, Nevada. On August 21, 2017, the voluntary petition of Superior Linen, LLC for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on September 30, 2016.

Fig Tree Steel

Venture Round in 2014
Fig Tree Steel is a steel fabrication company that offers structural and miscellaneous steel fabrication services. The company's products are used for stairs, rails, ladders, bollards, gates, steel joists, and decking, enabling general contractors and clients to get parts and tools for various engineering services. It was founded in 1989 in Springdale, Arkansas.

Fig Tree Steel

Debt Financing in 2014
Fig Tree Steel is a steel fabrication company that offers structural and miscellaneous steel fabrication services. The company's products are used for stairs, rails, ladders, bollards, gates, steel joists, and decking, enabling general contractors and clients to get parts and tools for various engineering services. It was founded in 1989 in Springdale, Arkansas.

Atlas Paper Mills

Debt Financing in 2014
Atlas Paper Mills is the leading US manufacturer of recycled paper products produced to anticipate and exceed the environmental stewardship and value needs of our customers. Atlas Paper Mills is based in Miami, Florida and is a leader in the production of tissue paper, utilizing 100% recycled fiber and a manufacturing process free of chlorine, chlorine derivatives or any other potentially harmful chemicals. Today, Atlas produces over 36,000 tons of recycled tissue products per year and converts approximately three million cases of Eco-friendly towels and tissue for use in the Away From Home and Retail Marketplace. In addition to toilet tissue, our paper lines can convert kitchen roll towels, hard-wound roll towels and center-pull towels. Atlas Paper Mills is committed to producing, in a highly cost effective manner, tissue products which are certifiably Green. Today, all products produced by Atlas are made from 100% Recycled Wastepaper Composed of more than 20% Post-Consumer Content 100% Chlorine-Free and produced in a Chlorine-Free Manufacturing Environment Produced using a source-reducing array of waste raw material sources (including aseptic packaging containers) thereby eliminating thousands of pounds of waste from entering landfills annually Qualified for LEED Certification points Representing exceptional customer value when compared to other Certifiably Green Tissue Based Products Atlas Paper Mills was truly "Born Green TM" and through advancements in its papermaking, manufacturing and converting processes, has become an even deeper shade of Green. Atlas focuses on the four R's of Environmental Stewardship: Recycle, Reuse, Reduce and Respect for our resources and our earth. To this end, the Atlas manufacturing process and our end products are dedicated to Saving trees, Saving landfill space, Saving water consumption and Saving energy.

New England Linen Supply

Debt Financing in 2013
New England Linen Supply Co., Inc. is a linen and uniform rental service provider based in Pawtucket, Rhode Island. Established in 1886, the company specializes in offering a wide range of products, including table linens, napkins, uniforms, aprons, towels, and various healthcare garments such as scrubs and lab coats. Its clientele spans multiple industries, serving culinary markets like fine dining restaurants and assisted living communities, as well as food processing facilities, healthcare establishments, massage therapy centers, and hair salons. The company is dedicated to meeting the diverse linen and uniform needs of its customers across these sectors.

Zagis

Debt Financing in 2013
Zagis engages in the production and sales of yarn and uses technology together with innovative practices in the textile industry. The company offers a wide range of knitting fabrics for all kinds of applications.

Quoddy

Series A in 2013
Quoddy, Inc. is a footwear manufacturer based in Perry, Maine, specializing in custom-made shoes, boots, and slippers for both men and women. Established in 1909, the company employs traditional moccasin construction techniques, utilizing leather, needle, and thread to create handmade footwear. Quoddy's products are available through various retail stores across the United States and internationally, including locations in Canada, Australia, France, and Japan, among others. Additionally, the company offers its products through online retailers and its own website, ensuring accessibility for customers seeking fashionable, bespoke footwear.

Quoddy

Debt Financing in 2013
Quoddy, Inc. is a footwear manufacturer based in Perry, Maine, specializing in custom-made shoes, boots, and slippers for both men and women. Established in 1909, the company employs traditional moccasin construction techniques, utilizing leather, needle, and thread to create handmade footwear. Quoddy's products are available through various retail stores across the United States and internationally, including locations in Canada, Australia, France, and Japan, among others. Additionally, the company offers its products through online retailers and its own website, ensuring accessibility for customers seeking fashionable, bespoke footwear.

Atlas Paper Mills

Debt Financing in 2012
Atlas Paper Mills is the leading US manufacturer of recycled paper products produced to anticipate and exceed the environmental stewardship and value needs of our customers. Atlas Paper Mills is based in Miami, Florida and is a leader in the production of tissue paper, utilizing 100% recycled fiber and a manufacturing process free of chlorine, chlorine derivatives or any other potentially harmful chemicals. Today, Atlas produces over 36,000 tons of recycled tissue products per year and converts approximately three million cases of Eco-friendly towels and tissue for use in the Away From Home and Retail Marketplace. In addition to toilet tissue, our paper lines can convert kitchen roll towels, hard-wound roll towels and center-pull towels. Atlas Paper Mills is committed to producing, in a highly cost effective manner, tissue products which are certifiably Green. Today, all products produced by Atlas are made from 100% Recycled Wastepaper Composed of more than 20% Post-Consumer Content 100% Chlorine-Free and produced in a Chlorine-Free Manufacturing Environment Produced using a source-reducing array of waste raw material sources (including aseptic packaging containers) thereby eliminating thousands of pounds of waste from entering landfills annually Qualified for LEED Certification points Representing exceptional customer value when compared to other Certifiably Green Tissue Based Products Atlas Paper Mills was truly "Born Green TM" and through advancements in its papermaking, manufacturing and converting processes, has become an even deeper shade of Green. Atlas focuses on the four R's of Environmental Stewardship: Recycle, Reuse, Reduce and Respect for our resources and our earth. To this end, the Atlas manufacturing process and our end products are dedicated to Saving trees, Saving landfill space, Saving water consumption and Saving energy.

Apparel Unlimited

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

New England Linen Supply

Debt Financing in 2011
New England Linen Supply Co., Inc. is a linen and uniform rental service provider based in Pawtucket, Rhode Island. Established in 1886, the company specializes in offering a wide range of products, including table linens, napkins, uniforms, aprons, towels, and various healthcare garments such as scrubs and lab coats. Its clientele spans multiple industries, serving culinary markets like fine dining restaurants and assisted living communities, as well as food processing facilities, healthcare establishments, massage therapy centers, and hair salons. The company is dedicated to meeting the diverse linen and uniform needs of its customers across these sectors.

Fabricor

Debt Financing in 2010
Fabricor is a manufacturer, processor, and provider of solid surface and stone fabrication. The products offered are granite, engineering stone (Quartz), solid surface, and green products. It may apply to countertops, vanities, toilet partitions and screens, telephone booths, work surfaces, conference areas, food preparation areas, food servers' sales counters, servers' stations, hospitals, and medical facilities, military establishments, window stools and sills, interiors of railcars, and many more. It was started in 1982 and is headquartered in North Kansas City, Missouri.

Soft Sight

Venture Round in 2008
Soft Sight, Inc., operating as ThreadSmith, specializes in self-service customized embroidered apparel for both business and consumer markets. Founded in 1998 and based in Endicott, New York, the company offers a range of products including sweatshirts, gym shorts, sport shirts, T-shirts, denim shirts, baby blankets, bibs, burp cloths, stadium blankets, aprons, canvas tote bags, zipper pockets, hats, and stockings. Its proprietary technology allows users to upload their designs online, automatically generating embroidered patterns for their chosen products. ThreadSmith caters to business owners, sports leagues, schools, and individual consumers, providing a convenient platform for creating personalized apparel. The company was acquired by Vistaprint in December 2009.
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