Virgo Investment Group

Virgo Investment Group is a private investment firm based in Burlingame, California, established in 2009. The firm adopts a value investment philosophy with a focus on capital preservation and generating current yield on invested capital. Virgo specializes in identifying market opportunities characterized by mispricing and aims to achieve risk-adjusted returns through investments in special situations and credit opportunities. The firm's flexible investment mandate allows it to operate across the capital structure and engage with various industries, including healthcare, financial services, software, media, aviation, energy, transportation, logistics, specialty finance, insurance, and wellness. As a Registered Investment Adviser, Virgo leverages macroeconomic insights to navigate market dynamics effectively.

Flemming Bjoernslev

Operating Partner

Mitch Carter

Senior Associate

Todd Dorfman

Founding Partner

Scott Guthrie

Investment Manager

Kyle Limberg

Managing Director

Jerrold Lundquist

Operating Partner, Aerospace and Aviation

Chris MacDonald

Founding Partner

Alan McArtor

Operating Partner

James Simpson

Operating Partner

B. Brad Watson

Operating Partner

Jesse Watson

Founding Partner and Chief Investment Officer

37 past transactions

80 Acres Farms

Venture Round in 2025
80 Acres Farms is a vertical farming company based in Hamilton, Ohio, founded in 2015. It specializes in producing fresh, nutritious, and sustainably grown fruits and vegetables using advanced indoor farming technology. The company employs innovative techniques and analytics to cultivate a diverse range of pesticide-free leafy greens, herbs, microgreens, and vine crops, all of which boast extended shelf lives. By operating eco-friendly indoor farms, 80 Acres Farms ensures year-round availability of clean produce, independent of weather conditions. Its products are supplied to national grocers, local retailers, restaurants, and foodservice companies, making locally grown organic produce accessible and affordable.

Scope3

Series B in 2024
Scope3 operates a supply chain emissions data platform that provides accurate and comprehensive emissions data to assist companies in integrating sustainability into their business decisions. The company develops models that outline the core inputs and outputs for products and services within the supply chain, enabling organizations to design more sustainable systems. Additionally, Scope3 prepares monthly sustainability reports that offer updated emissions data, allowing businesses to swiftly adapt to external changes and recognize their efforts in reducing carbon footprints.

Swift Medical

Venture Round in 2024
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.

Lifespark

Series B in 2021
Lifespark is a leader in whole-person senior services, dedicated to enhancing the living experience for seniors. The company offers a range of services that include whole-person senior care, life care management, caregiving, and housing solutions. By focusing on the individual needs of seniors, Lifespark aims to empower them to live healthily and independently, thereby supporting their overall well-being and quality of life.

Now Account Network

Debt Financing in 2021
Now Account Network is a provider of a B2B payment system designed to help small businesses to manage their payment transactions. At NOW Corp they are committed to enabling businesses to GROW FEARLESSLY. They do this by offering an innovative payment system called NOWaccount® that enables businesses to get paid their actual revenue immediately so they can win more business without the burden and risk of being a free bank to their business and government customers. With NOWaccount as your secret weapon you can grow in ways you never thought possible. Each member of the NOW Corp team is ready to help you find out just how far you can GROW.

Swift Medical

Series B in 2021
Swift Medical Inc. is a Toronto-based company specializing in digital wound care technology aimed at enhancing the prevention, treatment, and management of wounds. Its flagship product, a mobile application called Swift, enables healthcare providers to accurately measure and document wound progression through advanced imaging and real-time image sharing. The application employs artificial intelligence to assess wound characteristics, including circumference and type, facilitating comprehensive analysis for wound specialists. By providing standardized and accessible wound care solutions, Swift Medical aims to improve patient outcomes and support healthcare providers in delivering effective wound management.

Now Account Network

Series A in 2021
Now Account Network is a provider of a B2B payment system designed to help small businesses to manage their payment transactions. At NOW Corp they are committed to enabling businesses to GROW FEARLESSLY. They do this by offering an innovative payment system called NOWaccount® that enables businesses to get paid their actual revenue immediately so they can win more business without the burden and risk of being a free bank to their business and government customers. With NOWaccount as your secret weapon you can grow in ways you never thought possible. Each member of the NOW Corp team is ready to help you find out just how far you can GROW.

L.A. Libations

Private Equity Round in 2021
L.A. Libations is an accelerator/incubator firm based in El Segundo, California. The firm prefers to invest in the beverage, health, and wellness sectors.

Apricus Health

Venture Round in 2021
Apricus Health provides members a direct one-on-one relationship with healthcare providers and care navigators who are accessible from any location to diagnose and treat a wide range of medical conditions.

Flow Alkaline Spring Water

Private Equity Round in 2020
Flow Water is a social water brand, dedicated to the pursuit of positive experience and providing the highest quality water in the world.

Volta Charging

Series C in 2020
Volta Charging is a marketing and advertising company that designs, installs, and maintains a network of electric vehicle charging stations funded by sponsor brands. The company provides a valuable community amenity in markets across the U.S. helping brands meet consumers at the optimal moment of the purchase decision. It was founded in 2010 and is headquartered in San Francisco, California.

Realife Tech

Series A in 2020
Realife Tech is an automation platform that specializes in providing IT solutions for live concerts and events. The platform leverages machine learning and configurable workflows to deliver personalized experiences, enhancing interactions for attendees. By aggregating data from various sources such as ticketing systems, Wi-Fi, point-of-sale systems, digital advertising screens, and access control points, Realife Tech creates a comprehensive view of the customer journey. This capability allows event organizers to analyze trends, pricing, and conversions at each stage of the fan experience. The company aims to support the return of live events while ensuring a safe environment for fans and customers, thereby contributing to the revitalization of the economy.

Lifespark

Funding Round in 2020
Lifespark is a leader in whole-person senior services, dedicated to enhancing the living experience for seniors. The company offers a range of services that include whole-person senior care, life care management, caregiving, and housing solutions. By focusing on the individual needs of seniors, Lifespark aims to empower them to live healthily and independently, thereby supporting their overall well-being and quality of life.

Lever

Private Equity Round in 2019
Lever, Inc. is a talent acquisition platform that offers a comprehensive web application designed to streamline the hiring process for organizations. Based in San Francisco, the company provides a suite of tools that facilitate job postings, employee referrals, communication, decision-making, sourcing, interviews, and reporting. Its flagship product, LeverTRM, combines applicant tracking system (ATS) and customer relationship management (CRM) functionalities, allowing talent teams to effectively manage their hiring goals and foster connections with potential candidates. The platform's features, such as Lever Hire and Lever Nurture, help organizations build a robust talent pipeline and maintain meaningful relationships with candidates. Additionally, Lever Analytics provides customized reports and data visualization to support informed decision-making for hiring managers and executives. With a commitment to inclusivity, Lever aims to reduce hiring bias and has successfully supported the recruitment efforts of over 3,800 global companies.

Transverse Insurance Group

Private Equity Round in 2019
Transverse Insurance Group launched in 2018 serving as a P&C program carrier, partnering with reinsurers and program administrators to provide a broad range of property and casualty products for commercial and personal lines. Transverse can provide admitted and non-admitted solutions. Transverse adds unique value through its ability to retain risk and being an active partner in all functional areas of the program cycle.

Connect Homes

Series A in 2019
Connect Homes specializes in the development of affordable, high-modern prefabricated residential homes. Drawing from a decade of research, the company offers low-cost modular homes that reflect the aesthetic qualities of mid-century modern California architecture. Each home is manufactured in their San Bernardino factory, arriving 95% complete with all necessary finishes, appliances, and systems installed. This allows for quick installation and move-in readiness within a few weeks. The homes can be shipped globally using the intermodal shipping container network, making them adaptable to various environments and customer preferences. By utilizing a modular system, Connect Homes aims to make modern living accessible to a broader audience.

Bitcentral

Private Equity Round in 2019
Bitcentral, Inc. is a software company based in Newport Beach, California, specializing in news production and master control automation solutions for broadcasters globally. The company offers a range of products designed to enhance media workflows and streamline broadcast operations. Its key solutions include Core News, a platform for news production that integrates with existing systems, and Central Control, which provides ingest, management, and playout functionalities. Additionally, Bitcentral's FUEL™ allows broadcasters to deliver personalized content across various digital platforms, including OTT, social media, and mobile devices. The company serves over 1,000 broadcast operations worldwide, providing customized solutions that maximize the value of video content. Founded in 1980 and previously known as Miralite Communications, Bitcentral has evolved to meet the changing needs of the media landscape.

Peerfit

Series C in 2019
Peerfit is the market leader in connecting employers and carriers with innovative fitness experiences. Through their digital platform, insurance carriers, brokers and employers can redefine their benefits programs by giving employees access to a network of fitness studios and gyms – offering a variety of classes that cater to all levels of fitness – using workplace wellness dollars. For more information, visit Peerfit.com.om.

Superfly

Private Equity Round in 2018
Superfly is an entertainment company and creative agency that produces live events and creates strategic multiplatform experiences for brands. The company’s work includes Bonnaroo Music & Arts Festival, Outside Lands Festival, The Great GoogaMooga, and Life is Good Festival. Superfly was co-founded by Kerry Black, Rick Farman, and Jonathan Mayers in 1996 and is headquartered in New York, United States with offices in San Francisco and Chicago.

Volta Charging

Series C in 2018
Volta Charging is a marketing and advertising company that designs, installs, and maintains a network of electric vehicle charging stations funded by sponsor brands. The company provides a valuable community amenity in markets across the U.S. helping brands meet consumers at the optimal moment of the purchase decision. It was founded in 2010 and is headquartered in San Francisco, California.

Stonegate Capital Holdings

Private Equity Round in 2017
Stonegate Capital Holdings, LLC, is a diversified private credit investment firm with a unique approach to providing financing solutions to established lower middle market businesses and emerging brands, their sponsors and supporters. At a time when traditional sources of debt capital are limiting their exposure due to risks, increasing costs, and regulations, Stonegate Capital has emerged as a stable source of liquidity for borrowers across industries and economic cycles.

4 AM Midstream

Private Equity Round in 2017
4AM Midstream owns, operates, builds and acquires natural gas and midstream infrastructure assets. They place the safety of their associates, clients, the communities in which they operate and the environment as their number one core value. The 4AM Midstream team has experience in midstream as well as in production field operations. This diversity ensures that their midstream systems provide their producers with optimum well output. In every facet of their business, they remain committed to their mission and values of safety, integrity, reliability and excellence.

Volta Charging

Series B in 2016
Volta Charging is a marketing and advertising company that designs, installs, and maintains a network of electric vehicle charging stations funded by sponsor brands. The company provides a valuable community amenity in markets across the U.S. helping brands meet consumers at the optimal moment of the purchase decision. It was founded in 2010 and is headquartered in San Francisco, California.

Nautilus Solar Energy

Private Equity Round in 2015
Nautilus Solar is one of the industry's fastest-growing solar development companies. Founded in 2006 as a spin-off of Nautilus Energy, LLC, Nautilus Solar delivers clean renewable energy to commercial, industrial, non-profit and utility customers. Our mission is to work closely with our clients to reduce energy costs through the use of renewable power. The company has projects in operation, construction and development in the Northeast, Southwest and Western US. Nautilus Solar is based in Summit, New Jersey.

Ag Resource Management

Private Equity Round in 2015
Ag Resource Management, LLC specializes in providing financial solutions to agribusinesses and farmers, focusing on loans and crop insurance products tailored to their specific needs. Established in 2009 and headquartered in Rayville, Louisiana, the company offers a range of financial products, including production loans, cash advances for grain storage, capital bridge loans, and Wheat Xpress loans. With additional offices in Crowley, Louisiana; Cleveland, Mississippi; Dexter, Missouri; Jonesboro, Arkansas; and Victoria and Amarillo, Texas, Ag Resource Management aims to enhance the retail agriculture sector's ability to manage financial and risk-related challenges. The company collaborates with regional distributors to deliver its services effectively, ensuring that clients can achieve their financial objectives while navigating the complexities of agricultural risks.

Zippy Shell

Venture Round in 2015
Zippy Shell Incorporated specializes in portable moving and self-storage services for individuals and businesses. Founded in 2009 and based in Wake Forest, North Carolina, the company offers a range of solutions including local and long-distance moving, mobile storage, and on-site storage. Zippy Shell's unique mobile storage units are delivered directly to customers, allowing them to load and unload at their convenience. Once packed, these units can be stored securely at Zippy Shell facilities or transported to new locations. In addition to storage, the company provides loading, unloading, and packing referrals through a network of franchise locations and licensed partners, catering to residential, commercial, military, and student markets. Each long-distance move includes 30 days of storage, enhancing the flexibility of their services.

Clinipace

Private Equity Round in 2015
Clinipace Inc. is a clinical research organization based in Morrisville, North Carolina, that offers integrated clinical research services to pharmaceutical, biotechnology, and medical device companies. Established in 2003, Clinipace operates globally with additional offices in Boulder, Colorado; Buenos Aires, Argentina; São Paulo, Brazil; and regions in Europe and Asia Pacific. The organization specializes in a wide range of therapeutic areas, including oncology, cardiology, and infectious diseases, among others. Clinipace provides a comprehensive suite of services that includes clinical monitoring, biostatistics, study feasibility, patient recruitment, regulatory affairs, and project management. By focusing on collaboration and flexibility, Clinipace aims to meet the unique needs of venture-backed and mid-tier firms while maintaining a high standard of quality in clinical research.

Millennium Entertainment

Acquisition in 2014
Millennium Entertainment - Theatrical Film/Movie Distribution Company based in Los Angeles, CA

Ygrene Energy Fund

Venture Round in 2014
Ygrene Energy Fund is a prominent provider of financing services focused on energy efficiency and resiliency projects for residential, multifamily, and commercial markets. Established in 2010, Ygrene has developed a Property Assessed Clean Energy (PACE) program that simplifies the process for property owners to invest in improvements that promote sustainability and environmental health. The company offers accessible financing options that require no upfront payments, allowing property owners to undertake projects related to energy efficiency, renewable energy, water conservation, and storm protection. Ygrene has successfully funded over 125,000 projects, totaling more than $3.2 billion, fostering job creation and economic investment in local communities. While PACE programs are supported by state legislation and require local government approval, Ygrene operates independently of government funding. The company has maintained a steady pace of innovation and growth, consistently completing multiple securitizations each year to further its mission.

Zephyrus Aviation Capital

Private Equity Round in 2014
Zephyrus Aviation Capital is an aircraft and engine leasing and trading company based in Dublin, Ireland, founded in 2018. The company specializes in providing fleet management solutions for commercial airlines and lessors globally, focusing on in-production aircraft that are in the early to mid-life stages of their lifecycle. Its fleet includes popular models such as the A319, A320, A321, A330, 737-700, and 737-800. Zephyrus Aviation Capital aims to create value by efficiently managing the leasing, acquisition, trading, and financing of aircraft and engines, ensuring effective lifecycle management for its clients.

Combustion Music

Private Equity Round in 2014
Combustion Music, Inc. is an independent music publishing and production company based in Nashville, Tennessee, founded in 2001. The company specializes in producing music across various genres and is dedicated to providing a supportive environment for emerging songwriters. By fostering collaboration and nurturing raw talent, Combustion Music aims to enhance the creative process and help its clients maximize the value of their copyrights. The company serves a diverse clientele both in the United States and internationally, focusing on the development of sought-after lyrics and musical compositions.

Lease Corporation of America

Private Equity Round in 2013
Lease Corporation of America is a financing company based in Troy, Michigan, established in 1988. It specializes in providing finance and leasing solutions for a variety of sectors, including medical, telecommunications, security, and office imaging. The company offers a broad range of equipment leasing programs tailored for resellers, distributors, and manufacturers, which include standard leases and deferred payment options. Its services also encompass small business administration lending aimed at new ventures, acquisitions, and expansions within various professional service practices. Additionally, Lease Corporation of America finances equipment for commercial businesses, non-profit organizations, and municipalities. The company operates an online financing microsite, myLEASE, to facilitate equipment leasing. Its diverse clientele includes industries such as automotive repair, health and wellness, hospitality, and technology, with products distributed through representatives across North America.

Hawkeye Partners

Private Equity Round in 2013
Hawkeye Partners is a real estate value-added fund management provider. It provides institutional investors with access to innovative, customized investment programs.

One77 Music

Private Equity Round in 2013
One77 Music, LLC is a music publishing company founded in 2018 and based in New York, dedicated to supporting songwriters and publishing partners through personalized service and efficient operations. The company focuses on acquiring and expanding music catalogs, as well as providing artist financing and songwriting development. One77 Music collaborates with Kobalt Music, a global administration company, to enhance its backend services. The company's approach emphasizes maximizing value for its partners, ensuring that songwriters receive the attention and resources they need to succeed in the competitive music landscape.
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