Advantage X

Advantage Capital is a venture capital firm founded in 1992, headquartered in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt investments, focusing primarily on small businesses at various stages of development, excluding seed stage. Advantage Capital targets investments in low-income communities, both urban and rural, and supports economic development initiatives. The firm seeks to invest in companies that utilize proprietary technologies in sectors such as communication, information technology, pharmaceuticals, biotechnology, and energy, among others. It offers various forms of debt capital, including senior and mezzanine debt, and has a preference for co-investing with other firms. Initial investments typically range from $0.5 million to $10 million in companies with sales under $5 million, with potential for larger investments based on milestones. Advantage Capital is committed to addressing the funding gaps in underserved areas and fostering economic growth in communities that lack traditional sources of risk capital.

Al Alvarez

Director

Brian Anderson

PRINCIPAL

Alyson G. Appleton

VP of Communications, Marketing and Policy

Daniel Barrett

Associate

Jay Bennett

Vice President of Business Development

Keith Berry

VP of Business Development

Anthony H. Billings

Vice President

Bitting, Thomas H.P.

PRINCIPAL

Troy Blaine

VP of Business Development

Charles H. Booker

Principal

Ryan Brennan

Managing Director

Samantha F. de Castro

Associate

Abhi Chandrasekhara

Senior Associate

Craig Cole

Vice President of Business Development

Chloe Coniaris

SENIOR ASSOCIATE

Adam Constantinides

SENIOR ASSOCIATE

Jeffrey W. Craver

Principal

Anaëlle Croteau

ASSOCIATE

Jeremy R. Degenhart

Principal

Maurice Doyle

Managing Director

Ryan Dressler

Principal

Louis T. Dubuque

Managing Director

Eric Dunham

VP of Business Development

Michele Fleher

Business development officer

Beth Fore

SENIOR ASSOCIATE

Keith Freeman

Managing Director

Jeffrey Gentsch

Venture Partner

Gregory P. Gish

Senior Vice President

Jonathan I. Goldstein

Managing Director

Daniel J. Gould

SVP

Matthew L. Hart

VP

Joseph Henderson

SENIOR ASSOCIATE

Leah Hendricks

Vice-President

George N. Hettich

VP

Stephanie Hiatt

SVP

Richard T. Hummell

Principal

Reid Hutchins

Managing Director

Geoffrey Jacques

ASSOCIATE

Mark Lange

VP of Business Development

Josh Liggett

Partner

Franchesca B. Lorio

Principal/Controller

Philip E. Marshall

Principal

Larry Martin

VP of Business Development

Natalia Matallana

Senior Associate

D. Tyler Mayoras

Venture Partner

Anthony Metzner

SVP

Arjun Mohan

ASSOCIATE

Sandra M. Moore

Managing Director/Chief Impact Officer

Justin T. Motika

VP

Scott Murphy

Managing Director & Chief Investment Officer

James O'Rourke

MD

Justin N. Obletz

Chief Financial Officer

Paul Olsen

VP

Anne Ott

SVP

Tim Perusek

Principal

Aaron Pohlmann

Senior Associate

Sarah Rajan

Senior Associate

Jim Rieker

VP OF SYNDICATION

Rachel Robards

ASSOCIATE

Josh Rogers

SVP

Joshua Rogers

Vice-President

Gabe Rosen

SENIOR ASSOCIATE

Valentino Rovere

Vice President

Philip Ruppel

Vice President

Kelcee Sachtleben

Senior Associate

Brynn N. Sanders

VP

Cara M. Schiffman

Vice-President of Regulatory Affairs

Greg Schwarztrauber

SVP

Talmadge Singer

Managing Director

Craig Smidt

SVP

Ruth Kelso Sorrell

Principal

Angel Stuckman

VP of Business Development

Adam M. Suberi

Director of Financial Planning and Analysis

Matthew Switzer

SENIOR ASSOCIATE

Thomas Titus

Vice President

W. Anthony Toups

Principal

Alexandra A. Twyman

SENIOR ASSOCIATE

Ramya Varma

Vice President

Brittany Walker

Assistant VP

Benjamin Warning

Senior Associate

Carl Weatherley-White

MD

Thomas Willsey

Senior Vice President, Treasurer

Kyle Wood

Associate

Sarah Wynn

Associate

Mui, Fong Wa C.

VP

J.P. Lynch

Senior Analyst

Past deals in Ohio

Stirling Ultracold

Venture Round in 2021
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

Stirling Ultracold

Debt Financing in 2021
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

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 specializing in asset visibility and control through its innovative software solutions. Founded in 2004 and based in Green, Ohio, the company offers a suite of tools designed to enhance supply chain efficiency. Key components of Surgere's offerings include surgere radio-frequency identification (SRFID) for package tracking, a Platform as a Service (PaaS) model that facilitates off-balance sheet financial relationships and reusable packaging solutions, and APAK, which optimizes container sizing and standardization. Additionally, the SPARCS system manages repairs and oversees a variety of containers and racks. With a focus on providing accurate and actionable data, Surgere enables clients to achieve 99.9% visibility of their inventory, helping identify weaknesses and opportunities for improvement in real-time. The company supports over 13 million returnable containers and racks, enhancing operational transparency for leading brands worldwide.

Student Resource Center

Debt Financing in 2020
Student Resource Center provides education management services to educational institutions, unions, economic and social justice advocates, and students. It offers free access to online and accredited programs through partnerships with organizations, providing its clients a quality educational experience without debt. It was headquartered in Steubenville, Ohio in 2015.

QuickLoadz LLC

Debt Financing in 2020
QuickLoadz LLC manufactures and markets trailers in Ohio. The company is based in Nelsonville, Ohio.

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 LLC

Debt Financing in 2019
QuickLoadz LLC manufactures and markets trailers in Ohio. The company is based in Nelsonville, Ohio.

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., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

Stirling Ultracold

Debt Financing in 2018
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

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., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

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 is a technology company based in Columbus, Ohio, that specializes in developing a software platform designed for buying and selling out-of-home media. Founded in 2007, DOmedia provides a cloud-based marketplace that connects agencies, brands, and media providers, facilitating the management of media information and client analytics. The platform includes tools for RFP/Proposal Management and Vendor Management, enabling users to streamline their media buying processes. Media providers can create profiles for their properties, while advertisers and agencies can access a comprehensive database to discover new opportunities and plan their campaigns effectively. Through its innovative applications, DOmedia aims to enhance reporting and analytics, ultimately transforming the out-of-home media landscape.

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., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

Cleveland HeartLab

Venture Round in 2016
Cleveland HeartLab, Inc. is a specialty clinical laboratory and disease management company focused on novel biomarker technologies and the creation of proprietary diagnostic tests.

FloShield

Venture Round in 2016
FloShield is a manufacturer of products that improve the clarity of visualization during laparoscopic procedures.

UltimateAir

Debt Financing in 2015
UltimateAir is an engineering and manufacturing firm that specializes in providing high-efficiency Energy Recover Ventilation (ERV) systems and supporting accessories. It offers an efficient whole-house FreshAir system and manufactures ventilation products that improve Indoor Air Quality and help families live more sustainable lives. In 1989, the UltimateAir parent company, Stirling Technology, developed the patented rotary core heat exchanger based on the development of today's Stirling engine pumps and generators. The goal was to develop a whole-house ventilation system requiring little energy to operate. UltimateAir is the exclusive manufacturer for this patented technology in North America and Europe. UltimateAir was founded in Athens, Ohio in 1989.

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 manufactures carbon black alternative products from scrap tires for rubber and plastic applications. It offers ApexCM, a carbon-based reinforcing and tinting agent extracted from rubber products. The company’s product is used for reinforcement and tinting requirements in various markets, such as automotive, agricultural, construction, electronics, and industrial equipment. Carbolytic Materials Company, LLC was founded in 2006 and is based in Maryville, Missouri.

Carbolytic Materials

Debt Financing in 2011
Carbolytic Materials Company, LLC manufactures carbon black alternative products from scrap tires for rubber and plastic applications. It offers ApexCM, a carbon-based reinforcing and tinting agent extracted from rubber products. The company’s product is used for reinforcement and tinting requirements in various markets, such as automotive, agricultural, construction, electronics, and industrial equipment. Carbolytic Materials Company, LLC was founded in 2006 and is based in Maryville, Missouri.

Carbolytic Materials

Debt Financing in 2010
Carbolytic Materials Company, LLC manufactures carbon black alternative products from scrap tires for rubber and plastic applications. It offers ApexCM, a carbon-based reinforcing and tinting agent extracted from rubber products. The company’s product is used for reinforcement and tinting requirements in various markets, such as automotive, agricultural, construction, electronics, and industrial equipment. Carbolytic Materials Company, LLC was founded in 2006 and is based in Maryville, Missouri.

Carbolytic Materials

Debt Financing in 2008
Carbolytic Materials Company, LLC manufactures carbon black alternative products from scrap tires for rubber and plastic applications. It offers ApexCM, a carbon-based reinforcing and tinting agent extracted from rubber products. The company’s product is used for reinforcement and tinting requirements in various markets, such as automotive, agricultural, construction, electronics, and industrial equipment. Carbolytic Materials Company, LLC was founded in 2006 and is based in Maryville, Missouri.

Carbolytic Materials

Series A in 2008
Carbolytic Materials Company, LLC manufactures carbon black alternative products from scrap tires for rubber and plastic applications. It offers ApexCM, a carbon-based reinforcing and tinting agent extracted from rubber products. The company’s product is used for reinforcement and tinting requirements in various markets, such as automotive, agricultural, construction, electronics, and industrial equipment. Carbolytic Materials Company, LLC was founded in 2006 and is based in Maryville, Missouri.