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 Ohio

Stirling Ultracold

Venture Round in 2021
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

Stirling Ultracold

Debt Financing in 2021
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

RXQ Compounding

Series A in 2020
RXQ Compounding, LLC manufactures and distributes sterile and non-sterile medications in the United States. The company offers sterile and non-sterile injectable products, veterinary medications, dermatologic creams and ointments, ophthalmic solutions, orthopedic steroids, and custom production products for hospitals. It sells its products online. The company was founded in 2014 and is based in Athens, Ohio.

Surgere

Convertible Note in 2020
Surgere, Inc. is a technology company that specializes in asset visibility and control through its advanced software solutions. Established in 2004 and based in Green, Ohio, Surgere provides a range of tools designed to enhance supply chain transparency and efficiency. Its software includes capabilities for radio-frequency identification (SRFID), real-time tracking of returnable containers and racks, and analytics that identify weaknesses and opportunities within the supply chain. Key offerings also encompass packaging design and development, container standardization, and cost savings analysis. By delivering accurate and actionable data, Surgere helps logistics and supply chain businesses improve operational performance and enhance decision-making processes. The company's innovative solutions enable widespread visibility of over 13 million returnable containers and racks, contributing to effective supply chain management on a global scale.

Student Resource Center

Debt Financing in 2020
Student Resource Center delivers education management services aimed at educational institutions, unions, social justice advocates, and students. The organization focuses on providing free access to online and accredited educational programs through strategic partnerships, which allows clients to receive a quality education without incurring debt. By serving individuals of all ages, the center helps learners navigate and overcome previous educational barriers, facilitating their pursuit of academic and career objectives. Founded in 2015 and headquartered in Steubenville, Ohio, Student Resource Center is dedicated to enhancing educational opportunities for diverse communities.

Quickloadz

Debt Financing in 2020
QuickLoadz LLC, based in Nelsonville, Ohio, manufactures innovative trailers and truck beds designed to efficiently transport ISO shipping containers, addressing a significant bottleneck in global freight logistics. The company's unique system eliminates the need for cranes, forklifts, or other external machinery, allowing drivers to load and unload containers directly from the truck cab without leaving their seats. The technology is highly automated and can be operated via a smartphone, enhancing convenience and safety. By facilitating ground-level movement of loaded containers, QuickLoadz enables intermodal shipping access for a broader range of customers while reducing reliance on traditional trailers and infrastructure. This off-the-shelf solution is also well-suited for the emerging autonomous truck market, supporting efficient pickup and delivery of containerized goods.

E-Pak Manufacturing

Private Equity Round in 2019
E-Pak Manufacturing, LLC is a leading manufacturer based in Wooster, Ohio, specializing in steel roll-off containers and trailers. Founded in 1982, the company has evolved from a custom metal fabrication shop into a prominent player in the trailer and container industry. E-Pak offers a diverse range of products, including roll-off containers, frame and frameless trailers, gondola trailers, and specialty trailers, catering to the scrap, waste, environmental, and transportation sectors. The company focuses on providing efficient solutions for managing waste and debris, ensuring quick turnaround times and timely delivery services to its clients. E-Pak's commitment to quality and innovation positions it as a reliable partner for businesses seeking to transform scrap into valuable materials.

RXQ Compounding

Series A in 2019
RXQ Compounding, LLC manufactures and distributes sterile and non-sterile medications in the United States. The company offers sterile and non-sterile injectable products, veterinary medications, dermatologic creams and ointments, ophthalmic solutions, orthopedic steroids, and custom production products for hospitals. It sells its products online. The company was founded in 2014 and is based in Athens, Ohio.

Mirac

Debt Financing in 2019
Mirac, Inc. provides electronics manufacturing and development and electronics assembling and fabrication services to companies on contractual basis. The company also designs, manufactures, and delivers electronic products to clients. The company offers automated optical inspection (AOI), wave soldering, selective soldering, PCB water washing, PCB encapsulation and conformal coating, functional testing, and wire processing services to the electronics industry. Mirac, Inc. was founded in 1992 and is based in Lynchburg, Ohio. As of October 22, 2018, Mirac, Inc. operates as a subsidiary of Mirac Investment, LLC.

Quickloadz

Debt Financing in 2019
QuickLoadz LLC, based in Nelsonville, Ohio, manufactures innovative trailers and truck beds designed to efficiently transport ISO shipping containers, addressing a significant bottleneck in global freight logistics. The company's unique system eliminates the need for cranes, forklifts, or other external machinery, allowing drivers to load and unload containers directly from the truck cab without leaving their seats. The technology is highly automated and can be operated via a smartphone, enhancing convenience and safety. By facilitating ground-level movement of loaded containers, QuickLoadz enables intermodal shipping access for a broader range of customers while reducing reliance on traditional trailers and infrastructure. This off-the-shelf solution is also well-suited for the emerging autonomous truck market, supporting efficient pickup and delivery of containerized goods.

E-Pak Manufacturing

Series A in 2019
E-Pak Manufacturing, LLC is a leading manufacturer based in Wooster, Ohio, specializing in steel roll-off containers and trailers. Founded in 1982, the company has evolved from a custom metal fabrication shop into a prominent player in the trailer and container industry. E-Pak offers a diverse range of products, including roll-off containers, frame and frameless trailers, gondola trailers, and specialty trailers, catering to the scrap, waste, environmental, and transportation sectors. The company focuses on providing efficient solutions for managing waste and debris, ensuring quick turnaround times and timely delivery services to its clients. E-Pak's commitment to quality and innovation positions it as a reliable partner for businesses seeking to transform scrap into valuable materials.

Stirling Ultracold

Series B in 2018
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

Stirling Ultracold

Debt Financing in 2018
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

Mirac

Debt Financing in 2018
Mirac, Inc. provides electronics manufacturing and development and electronics assembling and fabrication services to companies on contractual basis. The company also designs, manufactures, and delivers electronic products to clients. The company offers automated optical inspection (AOI), wave soldering, selective soldering, PCB water washing, PCB encapsulation and conformal coating, functional testing, and wire processing services to the electronics industry. Mirac, Inc. was founded in 1992 and is based in Lynchburg, Ohio. As of October 22, 2018, Mirac, Inc. operates as a subsidiary of Mirac Investment, LLC.

Mirac

Venture Round in 2018
Mirac, Inc. provides electronics manufacturing and development and electronics assembling and fabrication services to companies on contractual basis. The company also designs, manufactures, and delivers electronic products to clients. The company offers automated optical inspection (AOI), wave soldering, selective soldering, PCB water washing, PCB encapsulation and conformal coating, functional testing, and wire processing services to the electronics industry. Mirac, Inc. was founded in 1992 and is based in Lynchburg, Ohio. As of October 22, 2018, Mirac, Inc. operates as a subsidiary of Mirac Investment, LLC.

RXQ Compounding

Venture Round in 2018
RXQ Compounding, LLC manufactures and distributes sterile and non-sterile medications in the United States. The company offers sterile and non-sterile injectable products, veterinary medications, dermatologic creams and ointments, ophthalmic solutions, orthopedic steroids, and custom production products for hospitals. It sells its products online. The company was founded in 2014 and is based in Athens, Ohio.

RXQ Compounding

Series A in 2018
RXQ Compounding, LLC manufactures and distributes sterile and non-sterile medications in the United States. The company offers sterile and non-sterile injectable products, veterinary medications, dermatologic creams and ointments, ophthalmic solutions, orthopedic steroids, and custom production products for hospitals. It sells its products online. The company was founded in 2014 and is based in Athens, Ohio.

Stirling Ultracold

Venture Round in 2017
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

E-Pak Manufacturing

Debt Financing in 2017
E-Pak Manufacturing, LLC is a leading manufacturer based in Wooster, Ohio, specializing in steel roll-off containers and trailers. Founded in 1982, the company has evolved from a custom metal fabrication shop into a prominent player in the trailer and container industry. E-Pak offers a diverse range of products, including roll-off containers, frame and frameless trailers, gondola trailers, and specialty trailers, catering to the scrap, waste, environmental, and transportation sectors. The company focuses on providing efficient solutions for managing waste and debris, ensuring quick turnaround times and timely delivery services to its clients. E-Pak's commitment to quality and innovation positions it as a reliable partner for businesses seeking to transform scrap into valuable materials.

Pacific Ag

Debt Financing in 2017
Pacific Ag specializes in Biomass Supply Chain, Corn Stover, Residues, and Bioenergy. The company offers a range of integrated services for our developer partners, beginning with identification of potential low-cost feedstock supply locations. Pacific Ag was founded in 1998 and headquartered in Ohio, United States.

Pacific Ag

Venture Round in 2016
Pacific Ag specializes in Biomass Supply Chain, Corn Stover, Residues, and Bioenergy. The company offers a range of integrated services for our developer partners, beginning with identification of potential low-cost feedstock supply locations. Pacific Ag was founded in 1998 and headquartered in Ohio, United States.

DOmedia

Series A in 2016
DOmedia, LLC operates a media buying and selling platform focused on out-of-home advertising. Established in 2007 and based in Columbus, Ohio, the company provides cloud-based applications that facilitate RFP and proposal management as well as vendor management. Its online marketplace allows media providers to create profiles for their advertising properties, while agencies and advertisers can utilize a comprehensive database to discover new opportunities and strategize their campaigns. The platform is designed to streamline the media buying process by connecting buyers and sellers, enhancing reporting and analytics, and reducing manual labor. Through its innovative technology, DOmedia aims to transform the traditional methods of purchasing and selling out-of-home media.

Burkhalter Rigging

Debt Financing in 2016
Burkhalter Rigging, founded in 1973 by Leon Burkhalter and later expanded by his son Delynn, has evolved into a prominent provider of specialized rigging and transportation services. Originally established as Crane Service, Inc. in Columbus, Mississippi, the company rebranded in 1984 and now operates as a third-generation family business with a national and international presence. With depot yards in Columbus and Houston, Texas, and sales offices across the United States, Burkhalter Rigging offers a range of services, including heavy lifting, crane rental, and specialized transportation. The company focuses on mission-critical shipments for industries such as petrochemical, power, civil, and marine, ensuring the safe transport of large and heavy cargoes while adapting to customer needs and tighter schedules.

Stirling Ultracold

Venture Round in 2016
Stirling Ultracold, a division of Global Cooling, Inc., specializes in the development and manufacturing of ultra-low temperature freezers that operate below -86°C. These innovative freezers utilize patented free-piston Stirling engine technology, distinguishing them from traditional refrigeration methods that rely on dry ice, Peltier systems, or conventional cascade systems. Designed to meet the increasing needs of bio-repositories and pharmaceutical companies, Stirling Ultracold's products not only achieve stable storage conditions across a broad temperature range but also promote energy efficiency and environmental sustainability, allowing customers to realize significant energy savings while adhering to eco-friendly practices.

Cleveland HeartLab

Venture Round in 2016
Cleveland HeartLab, Inc. is a clinical reference laboratory dedicated to the prevention of cardiovascular disease (CVD) through innovative biomarker technologies and proprietary diagnostic tests. The company specializes in the early identification of individuals at risk for CVD, emphasizing the management and reduction of inflammation. Cleveland HeartLab provides a range of clinical laboratory services, including an inflammatory panel for CVD, an advanced CVD risk profile, and lipid testing. By focusing on novel molecular biomarkers, the company aims to enhance disease management and improve patient outcomes in cardiovascular health.

FloShield

Venture Round in 2016
FloShield is a manufacturer specializing in the development of laparoscopic surgical tools aimed at enhancing visualization during minimally invasive surgeries. The company's innovative products include a specialized sheath that directs carbon dioxide gas to the tip of a laparoscope. This design actively protects the lens from condensation, debris, and smoke, thereby eliminating the need for surgeons to remove the scope during procedures. By improving clarity and efficiency in laparoscopic techniques, FloShield's tools support physicians in delivering better surgical outcomes.

UltimateAir

Debt Financing in 2015
UltimateAir is an engineering and manufacturing firm based in Athens, Ohio, founded in 1989. The company specializes in high-efficiency Energy Recovery Ventilation (ERV) systems that enhance indoor air quality while promoting sustainable living. UltimateAir produces a whole-house FreshAir system and various ventilation products designed to expel stale air and introduce fresh air into residential and commercial spaces. This process reduces indoor pollution and supports healthier living environments. The firm is the exclusive manufacturer of a patented rotary core heat exchanger technology, developed by its parent company, Stirling Technology, which aims to deliver energy-efficient ventilation solutions.

Pacific Ag

Venture Round in 2015
Pacific Ag specializes in Biomass Supply Chain, Corn Stover, Residues, and Bioenergy. The company offers a range of integrated services for our developer partners, beginning with identification of potential low-cost feedstock supply locations. Pacific Ag was founded in 1998 and headquartered in Ohio, United States.

Carbolytic Materials

Debt Financing in 2012
Carbolytic Materials Company, LLC specializes in manufacturing alternative carbon black products derived from scrap tires, targeting various rubber and plastic applications. Founded in 2006 and located in Maryville, Missouri, the company has developed ApexCM, a carbon-based reinforcing and tinting agent that replicates the physical properties of traditional carbon black. ApexCM is suitable for use in multiple industries, including automotive, agriculture, construction, electronics, and industrial equipment. By utilizing experienced professionals from the rubber and plastics sectors, Carbolytic Materials enables manufacturers to incorporate high-quality and cost-effective ApexCM into their production processes, offering a sustainable solution for reinforcement and tinting needs.

Carbolytic Materials

Debt Financing in 2011
Carbolytic Materials Company, LLC specializes in manufacturing alternative carbon black products derived from scrap tires, targeting various rubber and plastic applications. Founded in 2006 and located in Maryville, Missouri, the company has developed ApexCM, a carbon-based reinforcing and tinting agent that replicates the physical properties of traditional carbon black. ApexCM is suitable for use in multiple industries, including automotive, agriculture, construction, electronics, and industrial equipment. By utilizing experienced professionals from the rubber and plastics sectors, Carbolytic Materials enables manufacturers to incorporate high-quality and cost-effective ApexCM into their production processes, offering a sustainable solution for reinforcement and tinting needs.

Carbolytic Materials

Debt Financing in 2010
Carbolytic Materials Company, LLC specializes in manufacturing alternative carbon black products derived from scrap tires, targeting various rubber and plastic applications. Founded in 2006 and located in Maryville, Missouri, the company has developed ApexCM, a carbon-based reinforcing and tinting agent that replicates the physical properties of traditional carbon black. ApexCM is suitable for use in multiple industries, including automotive, agriculture, construction, electronics, and industrial equipment. By utilizing experienced professionals from the rubber and plastics sectors, Carbolytic Materials enables manufacturers to incorporate high-quality and cost-effective ApexCM into their production processes, offering a sustainable solution for reinforcement and tinting needs.

Carbolytic Materials

Debt Financing in 2008
Carbolytic Materials Company, LLC specializes in manufacturing alternative carbon black products derived from scrap tires, targeting various rubber and plastic applications. Founded in 2006 and located in Maryville, Missouri, the company has developed ApexCM, a carbon-based reinforcing and tinting agent that replicates the physical properties of traditional carbon black. ApexCM is suitable for use in multiple industries, including automotive, agriculture, construction, electronics, and industrial equipment. By utilizing experienced professionals from the rubber and plastics sectors, Carbolytic Materials enables manufacturers to incorporate high-quality and cost-effective ApexCM into their production processes, offering a sustainable solution for reinforcement and tinting needs.

Carbolytic Materials

Series A in 2008
Carbolytic Materials Company, LLC specializes in manufacturing alternative carbon black products derived from scrap tires, targeting various rubber and plastic applications. Founded in 2006 and located in Maryville, Missouri, the company has developed ApexCM, a carbon-based reinforcing and tinting agent that replicates the physical properties of traditional carbon black. ApexCM is suitable for use in multiple industries, including automotive, agriculture, construction, electronics, and industrial equipment. By utilizing experienced professionals from the rubber and plastics sectors, Carbolytic Materials enables manufacturers to incorporate high-quality and cost-effective ApexCM into their production processes, offering a sustainable solution for reinforcement and tinting needs.
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