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

Bitting, Thomas H.P.

Principal

Adam Constantinides

Senior Vice President

Past deals in Navigation and Mapping

FlyGuys

Series A in 2023
FlyGuys is a drone services company that provides surveying and mapping, asset and facilities inspections, progress monitoring, aerial imaging, and marketing and media from drone data. It serves industrial, energy and utilities, construction, agriculture, emergency services, real estate, golf courses, hospitality and tourism, and wastewater treatment facilities. The company employs pilots and data specialists to capture imagery, create 3D maps and heat maps, track project progress, and deliver data that can be integrated into clients' existing systems for custom development. This enables improved site safety, better project oversight, and greater operational efficiency across a range of projects. Founded in 2014 and based in Lafayette, Louisiana, with additional locations across the United States, FlyGuys aims to make aerial data accessible and practical for decision-making.

FlyGuys

Series A in 2022
FlyGuys is a drone services company that provides surveying and mapping, asset and facilities inspections, progress monitoring, aerial imaging, and marketing and media from drone data. It serves industrial, energy and utilities, construction, agriculture, emergency services, real estate, golf courses, hospitality and tourism, and wastewater treatment facilities. The company employs pilots and data specialists to capture imagery, create 3D maps and heat maps, track project progress, and deliver data that can be integrated into clients' existing systems for custom development. This enables improved site safety, better project oversight, and greater operational efficiency across a range of projects. Founded in 2014 and based in Lafayette, Louisiana, with additional locations across the United States, FlyGuys aims to make aerial data accessible and practical for decision-making.

Ocean Aero

Series C in 2021
Ocean Aero, Inc. is a San Diego-based company that specializes in designing, developing, and manufacturing unmanned autonomous underwater vehicles. It provides innovative solutions for various sectors, including military, scientific, commercial, and security markets. Ocean Aero's products consist of both unmanned underwater and surface vessels, which are powered by wind and solar energy. Their technology enables persistent operations in diverse environments, making these vessels suitable for applications such as critical asset monitoring, oceanographic research, mine countermeasures, and coastal law enforcement. The company employs a System-as-a-Service model that incorporates planning, outfitting, monitoring, and data acquisition to meet the evolving needs of its clients. Established in 2013, Ocean Aero is committed to advancing its technology through a strategic intellectual property approach, aiming to adapt and expand its offerings to support a range of maritime missions.

Prioria Robotics

Debt Financing in 2017
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Venture Round in 2017
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Venture Round in 2016
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Convertible Note in 2015
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Veran Medical Technologies

Venture Round in 2015
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Prioria Robotics

Venture Round in 2015
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Veran Medical Technologies

Venture Round in 2015
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Debt Financing in 2015
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Prioria Robotics

Debt Financing in 2014
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Veran Medical Technologies

Venture Round in 2014
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Debt Financing in 2014
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Convertible Note in 2014
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Venture Round in 2013
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Prioria Robotics

Debt Financing in 2013
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Debt Financing in 2012
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Venture Round in 2012
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Series C in 2012
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Series C in 2011
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Prioria Robotics

Debt Financing in 2011
Prioria Robotics, Inc. is an engineering firm based in Gainesville, Florida, founded in 2003 by alumni of the University of Florida. The company specializes in developing small unmanned aerial vehicle (UAV) systems and related technologies for civilian, commercial, and military markets in the United States. Among its notable products is the Maveric, a lightweight, single-person portable unmanned aircraft system designed for fully autonomous operation, which is utilized in military, public safety, and commercial applications. Prioria also produces the Hex, a multi-rotor UAV aimed at public safety and commercial uses. In addition to its UAV offerings, the company provides mapping and multi-spectral imaging services, along with engineering solutions for industrial robotics and medical devices, addressing the challenges of machine perception and autonomous systems. Prioria Robotics was previously known as Prioria Robotics Subsidiary, Inc. before rebranding in December 2011.

Veran Medical Technologies

Series B in 2011
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Convertible Note in 2009
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Veran Medical Technologies

Series B in 2008
Veran Medical Technologies is an image-guided medical device company that develops minimally invasive tools for interventional oncology and pulmonology. Its products enable physicians to diagnose cancer earlier and deliver targeted therapies through navigation and real-time visualization. The portfolio includes SPiNView thoracic navigation system, SPiNPerc, SPiN Drive System, vPad2, and vTrack 2.0 instruments to guide biopsies and other procedures in the lungs, as well as ig4 IR System, an electromagnetic navigation platform that supports biopsies, drainages, and ablations in the lungs, liver, and kidneys. The IG4 Platform integrates CT data with respiration, contrast-enhanced structures, PET, and ultrasound to provide a dynamic, three-dimensional airway roadmap during procedures. Veran is based in St. Louis, Missouri.

Kionix

Venture Round in 2003
Kionix, Inc. is a leading designer and manufacturer of micro-electro-mechanical systems (MEMS) and inertial sensors, specializing in high-performance, silicon-micromachined products. Founded in 2000 and based in Ithaca, New York, Kionix develops a range of accelerometers and gyroscopes used across various industries, including consumer electronics, automotive, health and fitness, and industrial applications. Their products support functionalities such as gaming, image stabilization, navigation, and motion-based gaming. Kionix also offers sensor fusion software to enhance system performance and the RoKiX IoT prototyping platform for development purposes. The company operates MEMS fabrication facilities and testing centers in Ithaca, New York, and Kyoto, Japan. Since becoming a subsidiary of Rohm Co., Ltd. in 2009, Kionix has continued to advance its mission of delivering cutting-edge MEMS technology to the global market.

Stereotaxis

Venture Round in 2003
Stereotaxis designs, manufactures, and markets robotic magnetic navigation systems for use in hospital interventional surgical suites to enhance the treatment of arrhythmias and coronary artery disease worldwide. Its core products include the Niobe ES Remote Magnetic Navigation system, Odyssey lab optimization solutions, and Vdrive Robotic Mechanical Navigation system along with disposable components.

Stereotaxis

Venture Round in 1998
Stereotaxis designs, manufactures, and markets robotic magnetic navigation systems for use in hospital interventional surgical suites to enhance the treatment of arrhythmias and coronary artery disease worldwide. Its core products include the Niobe ES Remote Magnetic Navigation system, Odyssey lab optimization solutions, and Vdrive Robotic Mechanical Navigation system along with disposable components.
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