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 Arkansas

Delta Peanut

Debt Financing in 2021
Delta Peanut operates as a farmer-owned company serving peanut farmers in the Missouri Bootheel, Arkansas, and Northeast Louisiana. Sixty farmers from the area came together to vertically integrate their peanut production. The company is driven by a goal is to produce and process the highest quality peanuts in the world while emphasizing stewardship and sustainability.

Twin Rivers Foods

Debt Financing in 2020
Twin Rivers Foods operates as a slaughterhouse and meat processing plant. The company provides poultry slaughtering and processing. Twin Rivers Foods conducts business and packages meats.

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.

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.

Nanomech

Debt Financing in 2019
NanoMech, was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured product development. NanoMech is a pioneer in applying breakthrough nano-engineered innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech brings ideas from innovation to implementation, commercializing nanomanufactured products at record speed in the market. NanoMech is a member of President Obama’s Materials Genome Initiative, a public / private collaboration with the aim of doubling the speed and reducing the cost of discovering, developing, and deploying new advanced materials. NanoMech is also a member of the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, (www.Compete.org) both based in Washington, DC.

Caddo River Forest Products

Venture Round in 2017
Caddo River Forest Products is an integrated forest products company located in Glenwood, Arkansas, within the Ouachita Mountains. The company focuses on rehabilitating a 100 million board foot sawmill and plans to operate its own timber dealership. Caddo River Forest Products primarily produces Southern yellow pine lumber and related by-products, while also marketing pulpwood for local pulp and paper mills. This initiative aims to create jobs and support the West Arkansas forestry industry.

Excel Boats

Debt Financing in 2015
Excel Boats is an aluminum boat manufacturer of tough line boats for outdoor recreational enthusiasts. It offers different kinds of stuff for boats, hunting, fishing and offers a service tips page to learn about maintenance and running advice of the boat. It was headquartered in Mountain View, Arkansas.

Strong Suit

Convertible Note in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.

Strong Suit

Venture Round in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.
Arkansas Glass Container Corporation manufactures and supplies glass containers for packaging candles, and jams and jellies. The company was founded in 1956 and is based in Jonesboro, Arkansas.

Conway Machine

Debt Financing in 2015
Conway Machine, Inc. is a manufacturer based in Conway, Arkansas, specializing in fabricated replacement parts for die cutters and printers. Established in 1972, the company serves the folding carton and corrugated board industries by providing essential components such as gripper bars, sprockets, and strip pins. These products are designed to support various brands of machinery, helping customers enhance their quality management systems and improve overall quality, cost efficiency, and delivery times.
Fabrication Specialties of Arkansas, Inc. is a metal fabricator and contract manufacturing company based in Van Buren, Arkansas. Founded in 1998, the company specializes in a wide range of metalworking services, including sheet metal fabrication, plasma cutting, machining, welding, forming, tube bending, powder coating, and assembly. It caters to various industries, completing projects for clients in heavy steel work, oil fields, and the poultry and food service sectors. The firm is dedicated to providing quality workmanship, offering both individual component parts and fully assembled products to meet the diverse needs of its customers.
Fabrication Specialties of Arkansas, Inc. is a metal fabricator and contract manufacturing company based in Van Buren, Arkansas. Founded in 1998, the company specializes in a wide range of metalworking services, including sheet metal fabrication, plasma cutting, machining, welding, forming, tube bending, powder coating, and assembly. It caters to various industries, completing projects for clients in heavy steel work, oil fields, and the poultry and food service sectors. The firm is dedicated to providing quality workmanship, offering both individual component parts and fully assembled products to meet the diverse needs of its customers.

Strong Suit

Series A in 2015
Strong Suit is a manufacturer based in Little Rock, Arkansas, specializing in finely tailored clothing aimed at empowering men to discover their unique style. Founded in 2014, the company offers a variety of apparel, including tailored suits, shirts, and sport coats, specifically designed to cater to millennial customers. Strong Suit focuses on providing quality garments at reasonable prices, making stylish and well-fitted clothing accessible to a broader audience.

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.

Excel Boats

Debt Financing in 2014
Excel Boats is an aluminum boat manufacturer of tough line boats for outdoor recreational enthusiasts. It offers different kinds of stuff for boats, hunting, fishing and offers a service tips page to learn about maintenance and running advice of the boat. It was headquartered in Mountain View, Arkansas.

Nanomech

Series B in 2014
NanoMech, was founded in 2002 and creates advanced engineering materials through patent and patent-pending nano-inspired and nano-manufactured product development. NanoMech is a pioneer in applying breakthrough nano-engineered innovations to robust areas of national interest including machining and manufacturing, lubrication and energy, and strategic military applications. NanoMech brings ideas from innovation to implementation, commercializing nanomanufactured products at record speed in the market. NanoMech is a member of President Obama’s Materials Genome Initiative, a public / private collaboration with the aim of doubling the speed and reducing the cost of discovering, developing, and deploying new advanced materials. NanoMech is also a member of the U.S. Manufacturing Competitiveness Initiative (USMCI) and the U.S. Technology Leadership and Strategy Initiative, (www.Compete.org) both based in Washington, DC.

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.

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.

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.

Conway Machine

Debt Financing in 2014
Conway Machine, Inc. is a manufacturer based in Conway, Arkansas, specializing in fabricated replacement parts for die cutters and printers. Established in 1972, the company serves the folding carton and corrugated board industries by providing essential components such as gripper bars, sprockets, and strip pins. These products are designed to support various brands of machinery, helping customers enhance their quality management systems and improve overall quality, cost efficiency, and delivery times.
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