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

Anaƫlle 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 Utah

WorkforceQA

Series A in 2020
WorkforceQA is a provider of third-party background check services, primarily serving industries such as trucking, aviation, railroad, utilities, and construction. The company specializes in managing complex employee screening programs, which include drug and alcohol testing, physical exams, and compliance training. WorkforceQA aims to empower its clients by offering innovative and effective solutions that facilitate informed hiring, retention, and fitness-for-duty decisions. This approach helps clients ensure workplace safety, adhere to regulatory requirements, and promote the well-being of their employees, contractors, and customers.

Future Comp

Debt Financing in 2020
Future Comp is a manufacturing company that produces carbon-fiber thermoplastic components for various industries. It uses technology to provide solutions from design to production.

Rn Industries Trucking

Debt Financing in 2019
Rn Industries Trucking is a provider of equipment rental and fluid management services. It offers mobile liquid storage, water disposal, and ancillary services.

Casino Game Maker

Series A in 2019
Casino Game Maker specializes in the design and deployment of gaming technologies for the casino industry. The company develops electronic table games that support both casino operators and game designers. Its prototyping platform allows for the creation of games that can be adapted for various land-based gaming devices. Additionally, Casino Game Maker provides services including compliance testing, field trials, customization, and design support, ensuring that its offerings meet industry standards and customer needs.

Zip Kit Homes

Debt Financing in 2018
Zip Kit Homes is a construction company that builds homes, apartments, and townhomes. It specializes in making panelized kit homes that allow them to maintain a high level of quality control, enjoy a rapid production process, and use the latest building science techniques while always striving to keep costs competitive. The company has been recognized and featured in several top magazines, including Builder Magazine and Dwell for its efficient home-building practices. Zip Kit Homes is a division of Timberhawk Inc. Jamie and Chris Jaussi established the company in 2011 in Cedar City, Utah.

Casino Game Maker

Series A in 2018
Casino Game Maker specializes in the design and deployment of gaming technologies for the casino industry. The company develops electronic table games that support both casino operators and game designers. Its prototyping platform allows for the creation of games that can be adapted for various land-based gaming devices. Additionally, Casino Game Maker provides services including compliance testing, field trials, customization, and design support, ensuring that its offerings meet industry standards and customer needs.

Recursion Pharmaceuticals

Series B in 2018
Recursion Pharmaceuticals is a clinical-stage biotechnology company based in Salt Lake City, Utah, founded in 2013. The company utilizes artificial intelligence, automation, and experimental biology to streamline drug discovery and develop treatments for various diseases modeled at the cellular level. Its innovative platform includes multiple software solutions such as ReChem for chemical compound design, ReScreen for managing complex experiments, and RePredict, which employs machine learning to analyze drug compound relationships. Initially focused on drug repurposing for rare diseases, Recursion has expanded its research to address a wider range of conditions, including aging, inflammation, infectious diseases, and immunology. By leveraging advanced technology and high-throughput automated screening, Recursion Pharmaceuticals aims to create a comprehensive understanding of human cellular biology, significantly enhancing the efficiency and effectiveness of discovering new treatments.

Recursion Pharmaceuticals

Series B in 2017
Recursion Pharmaceuticals is a clinical-stage biotechnology company based in Salt Lake City, Utah, founded in 2013. The company utilizes artificial intelligence, automation, and experimental biology to streamline drug discovery and develop treatments for various diseases modeled at the cellular level. Its innovative platform includes multiple software solutions such as ReChem for chemical compound design, ReScreen for managing complex experiments, and RePredict, which employs machine learning to analyze drug compound relationships. Initially focused on drug repurposing for rare diseases, Recursion has expanded its research to address a wider range of conditions, including aging, inflammation, infectious diseases, and immunology. By leveraging advanced technology and high-throughput automated screening, Recursion Pharmaceuticals aims to create a comprehensive understanding of human cellular biology, significantly enhancing the efficiency and effectiveness of discovering new treatments.

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.

Recursion Pharmaceuticals

Series A in 2015
Recursion Pharmaceuticals is a clinical-stage biotechnology company based in Salt Lake City, Utah, founded in 2013. The company utilizes artificial intelligence, automation, and experimental biology to streamline drug discovery and develop treatments for various diseases modeled at the cellular level. Its innovative platform includes multiple software solutions such as ReChem for chemical compound design, ReScreen for managing complex experiments, and RePredict, which employs machine learning to analyze drug compound relationships. Initially focused on drug repurposing for rare diseases, Recursion has expanded its research to address a wider range of conditions, including aging, inflammation, infectious diseases, and immunology. By leveraging advanced technology and high-throughput automated screening, Recursion Pharmaceuticals aims to create a comprehensive understanding of human cellular biology, significantly enhancing the efficiency and effectiveness of discovering new treatments.

WorkforceQA

Venture Round in 2015
WorkforceQA is a provider of third-party background check services, primarily serving industries such as trucking, aviation, railroad, utilities, and construction. The company specializes in managing complex employee screening programs, which include drug and alcohol testing, physical exams, and compliance training. WorkforceQA aims to empower its clients by offering innovative and effective solutions that facilitate informed hiring, retention, and fitness-for-duty decisions. This approach helps clients ensure workplace safety, adhere to regulatory requirements, and promote the well-being of their employees, contractors, and customers.

WorkforceQA

Debt Financing in 2015
WorkforceQA is a provider of third-party background check services, primarily serving industries such as trucking, aviation, railroad, utilities, and construction. The company specializes in managing complex employee screening programs, which include drug and alcohol testing, physical exams, and compliance training. WorkforceQA aims to empower its clients by offering innovative and effective solutions that facilitate informed hiring, retention, and fitness-for-duty decisions. This approach helps clients ensure workplace safety, adhere to regulatory requirements, and promote the well-being of their employees, contractors, and customers.

Gura Gear

Debt Financing in 2015
Gura Gear, LLC specializes in manufacturing backpacks and accessories tailored for photographers, travelers, and business professionals. Founded in 2007 by award-winning wildlife photographer Andy Biggs and based in Ogden, Utah, the company offers a range of products that includes accessory straps, tripod and hydration systems, lens cloths, stainless steel water bottles, and various cords and attachments. Gura Gear is recognized for its innovative and ultra-lightweight carrying solutions, designed specifically for creative professionals and enthusiasts. The company emphasizes high-quality materials and craftsmanship, supported by a comprehensive warranty and dedicated customer service. Its products are available for purchase online, catering to those who require reliable and functional gear for their adventures and professional needs.

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.

Gura Gear

Debt Financing in 2014
Gura Gear, LLC specializes in manufacturing backpacks and accessories tailored for photographers, travelers, and business professionals. Founded in 2007 by award-winning wildlife photographer Andy Biggs and based in Ogden, Utah, the company offers a range of products that includes accessory straps, tripod and hydration systems, lens cloths, stainless steel water bottles, and various cords and attachments. Gura Gear is recognized for its innovative and ultra-lightweight carrying solutions, designed specifically for creative professionals and enthusiasts. The company emphasizes high-quality materials and craftsmanship, supported by a comprehensive warranty and dedicated customer service. Its products are available for purchase online, catering to those who require reliable and functional gear for their adventures and professional needs.
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