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 Nevada

Talage

Venture Round in 2022
Talage, Inc. is an online software platform that specializes in providing insurance brokerage services tailored for small businesses. Founded in 2015 and based in Reno, Nevada, the company facilitates the comparison and purchasing of commercial insurance policies. Talage's platform enhances the digital distribution of property and casualty insurance, benefiting insurance carriers, agencies, and small business owners. It features an application programming interface that allows users to obtain instant, bindable quotes across multiple product lines, thus enabling agents, wholesalers, carriers, and technology providers to effectively utilize technology within the insurance ecosystem.

NevadaNano

Convertible Note in 2021
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Vineburg Machining

Debt Financing in 2021
Vineburg Machining, Inc. (VMI) is a full service job shop focused on providing machining services for manufacturing companies throughout the United States . The company was established in Sonoma, CA. in 1977. Since then, VMI has moved its production facility to Carson City, NV. We have recently purchased several state of the art CNC machines and multi-spindles which will greatly improve overall efficiency and sophistication of machining processes. VMI's commitment to produce quality parts has been a company wide focus. VMI has implemented a continuous improvement program into all areas of the business. Thus allowing VMI to attain ISO 9001:2008. VMI's goal is to provide their customers with a seamless transition from the plant floor to their facility, while maintaining quality, cost effectiveness and efficiency.

Leading Edge Scaffold

Debt Financing in 2020
Leading Edge Scaffold is a provider of scaffolding design, engineering, erection, and dismantle services. It also offers scaffolding products for industrial, government, commercial, and special event needs.

Polar Shades Sun Control

Debt Financing in 2020
Polar Shades is a family-owned business that manufactures interior and exterior window shades. The corporate office and manufacturing division are located in Las Vegas, Nevada. Polar Shades is based on honesty and integrity, and they offer products to meet your needs, no matter how small or large.

Las Vegas Expo

Debt Financing in 2020
Las Vegas Expo is an exposition company specializing in trade shows, corporate meetings, and special events. It offers services that include general contracting help, local and out-of-state logistics, client storage, custom design, and in-house fabrication. Las Vegas Expo was established in 1994 by Robert Cordaro in Las Vegas, Nevada.
All-In Recruiting & Talent Boutique LLC is a staffing and recruitment agency based in Las Vegas, Nevada, founded in 2015. The firm specializes in placing top talent and diverse professionals in mid- to senior-level positions within the technology industry. It offers a range of services, including direct placement, executive search, talent acquisition, recruitment subscriptions, and social recruiting. Additional services encompass resume assistance, career consultations, professional branding, and job listings. All-In Recruiting aims to provide affordable, innovative, and tailored solutions to meet the hiring needs of its clients while promoting workforce diversity. By collaborating with leading businesses across the country, the company is focused on disrupting traditional recruitment practices in the tech sector.

Precision Opinion

Debt Financing in 2020
Precision Opinion, Inc. provides market research services to corporations and agencies in the area of social science research and public opinion polling. It offers services in the areas of data collection via telephone/Internet/cell phones/IVR modes, as well as focus group facilities in Las Vegas. The company also provides services ranging from the testing of new television pilots and Hollywood movies in a real-time behavioral response preview theater; and movie trailer and commercial testing via the Internet to traditional market research services for corporations and government agencies. Precision Opinion, Inc. was founded in 2007 and is based in Las Vegas, Nevada.

NevadaNano

Convertible Note in 2020
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Maverick Helicopters

Debt Financing in 2020
Maverick Helicopters is an aviation tourism company based in Las Vegas, Nevada, founded in 1995. It specializes in offering helicopter tours to popular destinations, including the Grand Canyon and Hawaii. In addition to scenic helicopter rides, the company provides services for weddings and VIP charters, catering to a range of customer needs. Maverick Helicopters aims to deliver adventurous experiences at competitive prices, making helicopter tours accessible to a broad audience.

Power Gen Components

Debt Financing in 2020
Power Gen Components manufactures precision fasteners engineered specifically for power generation and oil and gas applications. It specializes in manufacturing nuts, bolts, and fasteners.

NevadaNano

Convertible Note in 2019
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

Power Gen Components

Debt Financing in 2019
Power Gen Components manufactures precision fasteners engineered specifically for power generation and oil and gas applications. It specializes in manufacturing nuts, bolts, and fasteners.

Cross-Check Aviation

Venture Round in 2019
Cross-Check Aviation is a maintenance, repair, and overhaul facility based in Reno, Nevada, established in 1999. The company specializes in the repair and overhaul of FAA and EASA approved instruments, accessories, and radio systems for commercial aircraft. By focusing on compliance with rigorous aviation safety standards, Cross-Check Aviation provides essential services to ensure the reliability and performance of aviation equipment.

Vineburg Machining

Debt Financing in 2019
Vineburg Machining, Inc. (VMI) is a full service job shop focused on providing machining services for manufacturing companies throughout the United States . The company was established in Sonoma, CA. in 1977. Since then, VMI has moved its production facility to Carson City, NV. We have recently purchased several state of the art CNC machines and multi-spindles which will greatly improve overall efficiency and sophistication of machining processes. VMI's commitment to produce quality parts has been a company wide focus. VMI has implemented a continuous improvement program into all areas of the business. Thus allowing VMI to attain ISO 9001:2008. VMI's goal is to provide their customers with a seamless transition from the plant floor to their facility, while maintaining quality, cost effectiveness and efficiency.

Power Gen Components

Debt Financing in 2018
Power Gen Components manufactures precision fasteners engineered specifically for power generation and oil and gas applications. It specializes in manufacturing nuts, bolts, and fasteners.

Vineburg Machining

Debt Financing in 2017
Vineburg Machining, Inc. (VMI) is a full service job shop focused on providing machining services for manufacturing companies throughout the United States . The company was established in Sonoma, CA. in 1977. Since then, VMI has moved its production facility to Carson City, NV. We have recently purchased several state of the art CNC machines and multi-spindles which will greatly improve overall efficiency and sophistication of machining processes. VMI's commitment to produce quality parts has been a company wide focus. VMI has implemented a continuous improvement program into all areas of the business. Thus allowing VMI to attain ISO 9001:2008. VMI's goal is to provide their customers with a seamless transition from the plant floor to their facility, while maintaining quality, cost effectiveness and efficiency.

International Test Solutions

Debt Financing in 2017
International Test Solutions specializes in providing engineered cleaning materials for the semiconductor industry. The company offers a range of products designed for cleaning advanced probe cards used in parametric tests and wafer sort operations, as well as for test sockets in package testing and wafer chucks in both front- and backend tools. By supplying these critical materials and turnkey solutions, International Test Solutions assists device manufacturers and foundries in enhancing operational efficiency, improving first pass yield, and maximizing uptime, ultimately leading to significant cost savings during testing processes.

NevadaNano

Convertible Note in 2017
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

OrderWithMe

Debt Financing in 2017
OrderWithMe is an online group buying platform founded in 2011 and headquartered in Las Vegas, Nevada. The company focuses on simplifying the consumer market by providing innovative supply chain solutions. OrderWithMe aims to enhance the shopping experience by allowing customers to participate in group purchases, thereby leveraging collective buying power to obtain better deals. This approach not only benefits consumers but also supports retailers by driving sales and improving inventory management. Through its platform, OrderWithMe seeks to create a more efficient and personalized shopping experience for customers while helping businesses thrive in a competitive market.

Tortillas

Debt Financing in 2016
Tortillas Inc. is a food manufacturing company based in North Las Vegas, Nevada, specializing in the production and sale of various types of tortillas. Established in 1979, the company offers a range of retail products, including corn, flour, and fried tortillas, which are distributed through grocery stores in the Las Vegas valley. In addition to retail offerings, Tortillas Inc. supplies food service products to restaurants and businesses in Nevada, Utah, and Arizona. Their product lineup includes white corn, yellow and colored corn tortillas, flavored corn, pre-cut chips, fresh ground corn masa, and flavored wraps, among others.

PLI Card Marketing Solutions

Debt Financing in 2016
PLI Card Marketing Solutions specializes in gift and loyalty card marketing solutions, serving various sectors including retail, hospitality, and entertainment. The company provides a comprehensive range of services that encompass card production, personalization, fulfillment, direct mail, and print services. With four production facilities located in Asheville, NC; North Las Vegas, NV; Romeoville, IL; and St. Louis, MO, PLI boasts extensive manufacturing capabilities and more than 1,000 employees across the nation. The firm also supports international clients through distribution centers in Canada and the Netherlands, positioning itself as a leading producer in the commercial card market. PLI Card Marketing Solutions aims to meet the outsourced card manufacturing needs of its clients at competitive prices.

NevadaNano

Convertible Note in 2015
NevadaNano develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for various commercial and government applications. Founded in 2004 to commercialize sensor technology from the University of Nevada, Reno, the company has shifted its focus to the Internet of Things (IoT) and aims to provide affordable, reliable sensors capable of detecting a wide range of substances. Their sensor modules feature a solid-state, MEMS technology that allows for small size, low cost, and high reliability. Each sensor utilizes a single silicon chip equipped with multiple complementary chemical sensors to measure various thermodynamic and electrostatic properties of vapors, liquids, and particles. This technology enables the detection of bio-agents, illicit drugs, and other chemicals, making NevadaNano's Molecular Property Spectrometer™ (MPS™) a strong candidate for extensive deployment in both homeland security and commercial sectors. The company's innovative sensors are designed for unattended operation, self-activation, and self-cleaning, which enhances their practicality for widespread use.

PLI Card Marketing Solutions

Debt Financing in 2015
PLI Card Marketing Solutions specializes in gift and loyalty card marketing solutions, serving various sectors including retail, hospitality, and entertainment. The company provides a comprehensive range of services that encompass card production, personalization, fulfillment, direct mail, and print services. With four production facilities located in Asheville, NC; North Las Vegas, NV; Romeoville, IL; and St. Louis, MO, PLI boasts extensive manufacturing capabilities and more than 1,000 employees across the nation. The firm also supports international clients through distribution centers in Canada and the Netherlands, positioning itself as a leading producer in the commercial card market. PLI Card Marketing Solutions aims to meet the outsourced card manufacturing needs of its clients at competitive prices.

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.

OrderWithMe

Series B in 2014
OrderWithMe is an online group buying platform founded in 2011 and headquartered in Las Vegas, Nevada. The company focuses on simplifying the consumer market by providing innovative supply chain solutions. OrderWithMe aims to enhance the shopping experience by allowing customers to participate in group purchases, thereby leveraging collective buying power to obtain better deals. This approach not only benefits consumers but also supports retailers by driving sales and improving inventory management. Through its platform, OrderWithMe seeks to create a more efficient and personalized shopping experience for customers while helping businesses thrive in a competitive market.

Tortillas

Debt Financing in 2014
Tortillas Inc. is a food manufacturing company based in North Las Vegas, Nevada, specializing in the production and sale of various types of tortillas. Established in 1979, the company offers a range of retail products, including corn, flour, and fried tortillas, which are distributed through grocery stores in the Las Vegas valley. In addition to retail offerings, Tortillas Inc. supplies food service products to restaurants and businesses in Nevada, Utah, and Arizona. Their product lineup includes white corn, yellow and colored corn tortillas, flavored corn, pre-cut chips, fresh ground corn masa, and flavored wraps, among others.

Vineburg Machining

Debt Financing in 2014
Vineburg Machining, Inc. (VMI) is a full service job shop focused on providing machining services for manufacturing companies throughout the United States . The company was established in Sonoma, CA. in 1977. Since then, VMI has moved its production facility to Carson City, NV. We have recently purchased several state of the art CNC machines and multi-spindles which will greatly improve overall efficiency and sophistication of machining processes. VMI's commitment to produce quality parts has been a company wide focus. VMI has implemented a continuous improvement program into all areas of the business. Thus allowing VMI to attain ISO 9001:2008. VMI's goal is to provide their customers with a seamless transition from the plant floor to their facility, while maintaining quality, cost effectiveness and efficiency.

OrderWithMe

Debt Financing in 2014
OrderWithMe is an online group buying platform founded in 2011 and headquartered in Las Vegas, Nevada. The company focuses on simplifying the consumer market by providing innovative supply chain solutions. OrderWithMe aims to enhance the shopping experience by allowing customers to participate in group purchases, thereby leveraging collective buying power to obtain better deals. This approach not only benefits consumers but also supports retailers by driving sales and improving inventory management. Through its platform, OrderWithMe seeks to create a more efficient and personalized shopping experience for customers while helping businesses thrive in a competitive market.

Rayeman Elements

Debt Financing in 2014
Rayeman Elements manufactures, develops, and distributes innovative technology to produce environmentally friendly products for the ethanol industry. Its Rayeman Bulk Densification Equipment utilizes patented technology to provide sustainable solutions for range cattle, as well as other species' feed, renewable energy, and shipping purposes. This ground-breaking system processes 100% distillers' or brewers' grain with no added fillers or binders, using only heating, cooling, and 3-dimensional pressure through its unique technology. This patented technology provides the opportunity to bulk densify virtually any product introduced, reducing the material by up to 70%, forming a cube, pellet, or log. Rayeman Elements has recently completed a sale of two ground-breaking Rayeman Compression Dryers (RCD) to Lincolnway Energy in Nevada, Iowa. The RCD's patented technology safely and efficiently converts wet grain to premium dry grain, in a process that yields the benefits of the reduction of emissions, elimination of explosions, a smaller footprint, and significantly lower capital outlay and operating costs than conventional dryer systems. The Rayeman Compression Dryer is designed to be flexible, dependent on desired output and dryness levels. The barrel and screw arrangements can be hooked up in series or in a parallel configuration and can be connected in series to existing conventional drying systems to increase capacity and quality.

Rayeman Elements

Debt Financing in 2013
Rayeman Elements manufactures, develops, and distributes innovative technology to produce environmentally friendly products for the ethanol industry. Its Rayeman Bulk Densification Equipment utilizes patented technology to provide sustainable solutions for range cattle, as well as other species' feed, renewable energy, and shipping purposes. This ground-breaking system processes 100% distillers' or brewers' grain with no added fillers or binders, using only heating, cooling, and 3-dimensional pressure through its unique technology. This patented technology provides the opportunity to bulk densify virtually any product introduced, reducing the material by up to 70%, forming a cube, pellet, or log. Rayeman Elements has recently completed a sale of two ground-breaking Rayeman Compression Dryers (RCD) to Lincolnway Energy in Nevada, Iowa. The RCD's patented technology safely and efficiently converts wet grain to premium dry grain, in a process that yields the benefits of the reduction of emissions, elimination of explosions, a smaller footprint, and significantly lower capital outlay and operating costs than conventional dryer systems. The Rayeman Compression Dryer is designed to be flexible, dependent on desired output and dryness levels. The barrel and screw arrangements can be hooked up in series or in a parallel configuration and can be connected in series to existing conventional drying systems to increase capacity and quality.
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