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 VoIP

NUSO

Debt Financing in 2021
Provider of communication-focused cloud services intended to offer cost-effective communication in real-time through authorized channel partners. The company's services combine voice, mobility, messaging, presence and collaboration, enabling enterprise workforces to get the convenience of working anywhere with internet access.

SoTel Systems

Venture Round in 2020
SoTel Systems, LLC is the premier wholesale supplier for business communications products and services. They offer traditional refurbished and unused voice and data equipment, authorized distribution of VoIP equipment, and commercial SIP Services for both inbound and outbound traffic. With over 30 years of experience in the telecommunications industry they provide your company with quality products, valuable expertise, and lightning fast delivery.

SoTel Systems

Debt Financing in 2020
SoTel Systems, LLC is the premier wholesale supplier for business communications products and services. They offer traditional refurbished and unused voice and data equipment, authorized distribution of VoIP equipment, and commercial SIP Services for both inbound and outbound traffic. With over 30 years of experience in the telecommunications industry they provide your company with quality products, valuable expertise, and lightning fast delivery.

NUSO

Venture Round in 2020
Provider of communication-focused cloud services intended to offer cost-effective communication in real-time through authorized channel partners. The company's services combine voice, mobility, messaging, presence and collaboration, enabling enterprise workforces to get the convenience of working anywhere with internet access.

NUSO

Debt Financing in 2020
Provider of communication-focused cloud services intended to offer cost-effective communication in real-time through authorized channel partners. The company's services combine voice, mobility, messaging, presence and collaboration, enabling enterprise workforces to get the convenience of working anywhere with internet access.

First Orion

Venture Round in 2020
First Orion, operating under the brand PrivacyStar, provides software solutions aimed at protecting consumers and businesses from unwanted phone calls. The company offers a call management application that includes features such as real-time scam blocking, caller identification, call and text blocking, and reverse lookup services, available for various mobile platforms including Android and iPhone. First Orion's solutions help users identify callers and report unwanted calls to federal agencies, contributing to a significant reduction in nuisance calls. Founded in 2007 and headquartered in Little Rock, Arkansas, First Orion also has offices in Bellevue, Washington; London, United Kingdom; and Dubai, United Arab Emirates. The company serves a diverse clientele, including mobile carriers, businesses, and consumers, and has facilitated the blocking of over 200 million numbers while enabling the filing of hundreds of thousands of complaints against offending callers each month.

Vogt Ice

Debt Financing in 2019
Vogt Ice is a prominent manufacturer of automatic-sized ice machines, renowned for revolutionizing the commercial ice-making industry since its inception in 1938. With a foundation built on nearly 80 years of experience, the company is recognized for its energy-efficient and durable ice machines, which are trusted by customers for their long-term performance. Vogt Ice serves a diverse range of industries, including baking, chemical processing, concrete cooling, commercial food service, and thermal energy storage. Its product offerings encompass tube ice machines, turbo refrigerating machines, plate chillers, and thermal energy storage solutions, providing clients with various ice forms such as fragmented, cracked, crushed, flake, and original shapes. The company maintains an excellent reputation for quality design and responsive customer service, fostering strong relationships with its clientele.

Vogt Ice

Series A in 2019
Vogt Ice is a prominent manufacturer of automatic-sized ice machines, renowned for revolutionizing the commercial ice-making industry since its inception in 1938. With a foundation built on nearly 80 years of experience, the company is recognized for its energy-efficient and durable ice machines, which are trusted by customers for their long-term performance. Vogt Ice serves a diverse range of industries, including baking, chemical processing, concrete cooling, commercial food service, and thermal energy storage. Its product offerings encompass tube ice machines, turbo refrigerating machines, plate chillers, and thermal energy storage solutions, providing clients with various ice forms such as fragmented, cracked, crushed, flake, and original shapes. The company maintains an excellent reputation for quality design and responsive customer service, fostering strong relationships with its clientele.

NUSO

Series A in 2019
Provider of communication-focused cloud services intended to offer cost-effective communication in real-time through authorized channel partners. The company's services combine voice, mobility, messaging, presence and collaboration, enabling enterprise workforces to get the convenience of working anywhere with internet access.

Vogt Ice

Private Equity Round in 2017
Vogt Ice is a prominent manufacturer of automatic-sized ice machines, renowned for revolutionizing the commercial ice-making industry since its inception in 1938. With a foundation built on nearly 80 years of experience, the company is recognized for its energy-efficient and durable ice machines, which are trusted by customers for their long-term performance. Vogt Ice serves a diverse range of industries, including baking, chemical processing, concrete cooling, commercial food service, and thermal energy storage. Its product offerings encompass tube ice machines, turbo refrigerating machines, plate chillers, and thermal energy storage solutions, providing clients with various ice forms such as fragmented, cracked, crushed, flake, and original shapes. The company maintains an excellent reputation for quality design and responsive customer service, fostering strong relationships with its clientele.

SoTel Systems

Debt Financing in 2016
SoTel Systems, LLC is the premier wholesale supplier for business communications products and services. They offer traditional refurbished and unused voice and data equipment, authorized distribution of VoIP equipment, and commercial SIP Services for both inbound and outbound traffic. With over 30 years of experience in the telecommunications industry they provide your company with quality products, valuable expertise, and lightning fast delivery.

BroadRiver Communications

Debt Financing in 2015
BroadRiver Communications is a privately held IT solutions provider based in Atlanta, Georgia, specializing in cloud, voice, data, internet connectivity, hosting, colocation, and managed services. With a history spanning over 20 years, the company serves small to medium-sized businesses as well as larger enterprises. BroadRiver aims to simplify the complexities of business communications by integrating diverse services, allowing clients to avoid the challenges of coordinating multiple vendors. The company operates Tier 1 through Tier 4 data centers and focuses on delivering high-quality services tailored to meet the specific needs of its customers.

SoTel Systems

Debt Financing in 2015
SoTel Systems, LLC is the premier wholesale supplier for business communications products and services. They offer traditional refurbished and unused voice and data equipment, authorized distribution of VoIP equipment, and commercial SIP Services for both inbound and outbound traffic. With over 30 years of experience in the telecommunications industry they provide your company with quality products, valuable expertise, and lightning fast delivery.

PrivacyStar

Debt Financing in 2014
PrivacyStar focuses on enhancing privacy and protection for phone users globally. The service enables users to block unwanted callers such as telemarketers and debt collectors, while also providing Caller ID functionality that identifies incoming calls. Additionally, PrivacyStar allows users to look up caller information after receiving a call and file complaints with the Federal Trade Commission regarding Do Not Call violations and debt collection issues. Users can block entire groups of numbers, including specific area codes, and benefit from insights based on data from over 600,000 users regarding frequently blocked numbers. The platform also features a Do Not Disturb option that sends customized text messages to callers when users are unavailable. PrivacyStar is accessible on Android and Blackberry smartphones and is expanding to VOIP platforms.

Summit Broadband

Debt Financing in 2010
Summit Broadband Inc. is a telecommunications provider based in Orlando, Florida, offering a range of broadband communication services to residential and commercial customers across Central and Southwest Florida. Established in 2009, the company specializes in internet access through its fiber-optic network, along with cable television and digital telephone services, which include local and long-distance calling, voicemail, and advanced features for business communication. Summit Broadband aims to deliver fast and reliable internet connectivity, along with additional services such as ethernet and dark fiber transport, catering to the diverse needs of its clientele, including hotels and other businesses.

BroadRiver Communications

Venture Round in 2010
BroadRiver Communications is a privately held IT solutions provider based in Atlanta, Georgia, specializing in cloud, voice, data, internet connectivity, hosting, colocation, and managed services. With a history spanning over 20 years, the company serves small to medium-sized businesses as well as larger enterprises. BroadRiver aims to simplify the complexities of business communications by integrating diverse services, allowing clients to avoid the challenges of coordinating multiple vendors. The company operates Tier 1 through Tier 4 data centers and focuses on delivering high-quality services tailored to meet the specific needs of its customers.

XIOLINK

Debt Financing in 2010
Xiolink LLC specializes in IT solutions, focusing on infrastructure services that enhance organizational performance. The company offers a range of services, including business support, colocation, and private cloud computing. By providing streamlined applications for managing critical IT infrastructure, Xiolink aims to improve both operational efficiency and resource management for its clients.

XIOLINK

Debt Financing in 2009
Xiolink LLC specializes in IT solutions, focusing on infrastructure services that enhance organizational performance. The company offers a range of services, including business support, colocation, and private cloud computing. By providing streamlined applications for managing critical IT infrastructure, Xiolink aims to improve both operational efficiency and resource management for its clients.

XIOLINK

Debt Financing in 2008
Xiolink LLC specializes in IT solutions, focusing on infrastructure services that enhance organizational performance. The company offers a range of services, including business support, colocation, and private cloud computing. By providing streamlined applications for managing critical IT infrastructure, Xiolink aims to improve both operational efficiency and resource management for its clients.

Quickoffice

Series D in 2007
Quickoffice specializes in mobile office document software designed for smartphones, enabling users to open, view, and edit Microsoft Office files while maintaining the integrity of the original documents. The software has undergone extensive testing to meet the quality standards of leading mobile phone manufacturers and is distributed through major carriers, including Vodafone, Orange, China Mobile, and AT&T. Fully localized in 36 languages, Quickoffice is available globally as a built-in solution on a wide range of smartphones, providing users with a convenient tool for document management on the go.

Digium

Series A in 2006
Digium® is the innovative force behind Asterisk®, the world's most widely used open source telephony platform. In addition, Digium develops the software, hardware, and other components you'll need to create a unified communications solution for a small or medium business.

Digium

Debt Financing in 2006
Digium® is the innovative force behind Asterisk®, the world's most widely used open source telephony platform. In addition, Digium develops the software, hardware, and other components you'll need to create a unified communications solution for a small or medium business.

Invision.com

Venture Round in 2006
Invision is a Managed Service Provider (MSP) offering hosting, WAN, LAN, security, application services and support, Web and eBusiness development and integration.

Quickoffice

Venture Round in 2006
Quickoffice specializes in mobile office document software designed for smartphones, enabling users to open, view, and edit Microsoft Office files while maintaining the integrity of the original documents. The software has undergone extensive testing to meet the quality standards of leading mobile phone manufacturers and is distributed through major carriers, including Vodafone, Orange, China Mobile, and AT&T. Fully localized in 36 languages, Quickoffice is available globally as a built-in solution on a wide range of smartphones, providing users with a convenient tool for document management on the go.

Allworx

Series A in 2005
Allworx specializes in developing and selling Voice Over IP (VoIP) phone systems tailored for small businesses with 3 to 150 users. The company aims to provide these businesses with advanced communication technologies typically accessible only to larger enterprises. Allworx's products integrate essential communication functionalities into a single system, which includes PBX and Key phone capabilities, secured Internet access, remote office support, and collaboration tools. Additionally, its offerings encompass messaging software for email, voicemail, unified messaging, follow-me calling, and group calendaring. The company operates through two primary divisions: Product, which focuses on the design, manufacturing, marketing, and sales of phone and network systems, and Consulting, which provides engineering services for software and digital hardware development.

Quickoffice

Series C in 2005
Quickoffice specializes in mobile office document software designed for smartphones, enabling users to open, view, and edit Microsoft Office files while maintaining the integrity of the original documents. The software has undergone extensive testing to meet the quality standards of leading mobile phone manufacturers and is distributed through major carriers, including Vodafone, Orange, China Mobile, and AT&T. Fully localized in 36 languages, Quickoffice is available globally as a built-in solution on a wide range of smartphones, providing users with a convenient tool for document management on the go.

OpenFive

Debt Financing in 2002
OpenFive is a silicon company focused on creating customized system-on-chip (SoC) architectures that are processor agnostic. The company specializes in developing domain-specific SoCs tailored for applications in artificial intelligence, edge computing, high-performance computing, and networking. OpenFive provides a range of differentiated intellectual property (IP) that is optimized for performance and cost, enabling scalable and efficient silicon solutions. Additionally, the company offers comprehensive services that encompass architecture, design implementation, software development, silicon validation, and manufacturing, ensuring the delivery of high-quality silicon products.

Athena International

Venture Round in 1996
Athena International engages in providing telephone voice and data communications services. It was founded in the year 1994 and is located in New Orleans, Louisiana, United States.

Petroleum Communications

Venture Round in 1995
Petroleum Communications develops telecommunication network solutions. It provides voice and data communication services for the offshore oil and gas industry. Petroleum Communications was founded in 1983.

Athena International

Debt Financing in 1994
Athena International engages in providing telephone voice and data communications services. It was founded in the year 1994 and is located in New Orleans, Louisiana, United States.
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