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 Dietary Supplements

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.

GaXtracts

Debt Financing in 2020
GaXtracts, LLC is a company based in Atlanta, Georgia, specializing in the production of industrial hemp products. Established in 2016, it manufactures a range of hemp-derived products, including cannabidiol (CBD) tinctures, capsules, and topicals, as well as medical-grade hand sanitizers, particularly in response to the COVID-19 pandemic. GaXtracts partners with farmers to source high-quality organic hemp, which is processed in its pharmaceutical-grade facility through an extraction process that isolates CBD molecules. The company sells its products online, catering to both individual consumers and industries in need of hemp-based solutions.

GaXtracts

Venture Round in 2020
GaXtracts, LLC is a company based in Atlanta, Georgia, specializing in the production of industrial hemp products. Established in 2016, it manufactures a range of hemp-derived products, including cannabidiol (CBD) tinctures, capsules, and topicals, as well as medical-grade hand sanitizers, particularly in response to the COVID-19 pandemic. GaXtracts partners with farmers to source high-quality organic hemp, which is processed in its pharmaceutical-grade facility through an extraction process that isolates CBD molecules. The company sells its products online, catering to both individual consumers and industries in need of hemp-based solutions.

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.

CapzerPharma Manufacturing

Debt Financing in 2018
CapzerPharma Manufacturing is a testing and development laboratory that develops nutraceutical and pharmaceutical formulations. in the form of oral liquids, powders, sachets, injectables, capsules, syrups, and tablets.

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.

Grainful

Convertible Note in 2018
Grainful, operating under BeetNPath, LLC, is a food company focused on creating chef-inspired entrées that feature the wholesome goodness of steel-cut oats. The company produces whole grain-based frozen meals that prioritize health and accessibility, utilizing clean, natural ingredients that are gluten-free and rich in fiber, complete proteins, and other essential nutrients. Grainful aims to provide nourishing, high-quality food options for consumers at an affordable price, ensuring that wholesome meals are available for both lunch and dinner.

NurturMe

Debt Financing in 2018
NurturMe provides innovative and sustainable options for busy, modern parents to help ensure their children are getting the nutrition they need to live a yummy life including the first 100% pure quinoa alternative to traditional rice cereals, dry pouch infant meals that can be mixed with breast milk or formula for added nutrients, and healthy toddler snacks that deliver 1.5 servings of fruit AND veggies in each pouch. Made from specially selected super fruits and veggies that are quick-dried in order to preserve freshness, flavor and vital nutrients, NurturMe baby and toddler foods are certified organic, gluten-free, non-GMO and kosher, with no added preservatives, sugars or salts. NurturMe’s line of organic dry NurturMeal pouches and Yum-a-Roo’s dried fruit and veggie snacks were designed to meet every yummy need, from infants to toddlers, and everywhere in between. Good for baby and Mother Earth, NurturMe dried fruit and veggie foods are super lightweight and made in the USA, leaving a smaller carbon footprint on their planet than the other options found in the baby aisle.

American Botanicals

Series A in 2018
American Botanicals LLC, founded in 1994 and based in Eolia, Missouri, specializes in the cultivation, procurement, manufacturing, and export of roots and herbs for the herbal industry. The company offers a wide range of products, including whole, shredded, powdered, fresh, and dehydrated botanical herbs, catering to various sectors such as health food, pharmaceuticals, cosmetics, alternative medicines, and culinary applications. In addition to their diverse product offerings, American Botanicals provides services such as pharmaceutical-grade milling, natural and heat sterilization, and professional export. The company emphasizes sourcing both conventional and organic materials, including wildcrafted herbs, ensuring that its products are free from synthetic chemicals. American Botanicals serves customers both domestically and internationally, positioning itself as a reliable supplier in the herbal market.

Grainful

Venture Round in 2017
Grainful, operating under BeetNPath, LLC, is a food company focused on creating chef-inspired entrées that feature the wholesome goodness of steel-cut oats. The company produces whole grain-based frozen meals that prioritize health and accessibility, utilizing clean, natural ingredients that are gluten-free and rich in fiber, complete proteins, and other essential nutrients. Grainful aims to provide nourishing, high-quality food options for consumers at an affordable price, ensuring that wholesome meals are available for both lunch and dinner.

NurturMe

Venture Round in 2016
NurturMe provides innovative and sustainable options for busy, modern parents to help ensure their children are getting the nutrition they need to live a yummy life including the first 100% pure quinoa alternative to traditional rice cereals, dry pouch infant meals that can be mixed with breast milk or formula for added nutrients, and healthy toddler snacks that deliver 1.5 servings of fruit AND veggies in each pouch. Made from specially selected super fruits and veggies that are quick-dried in order to preserve freshness, flavor and vital nutrients, NurturMe baby and toddler foods are certified organic, gluten-free, non-GMO and kosher, with no added preservatives, sugars or salts. NurturMe’s line of organic dry NurturMeal pouches and Yum-a-Roo’s dried fruit and veggie snacks were designed to meet every yummy need, from infants to toddlers, and everywhere in between. Good for baby and Mother Earth, NurturMe dried fruit and veggie foods are super lightweight and made in the USA, leaving a smaller carbon footprint on their planet than the other options found in the baby aisle.

American Botanicals

Venture Round in 2016
American Botanicals LLC, founded in 1994 and based in Eolia, Missouri, specializes in the cultivation, procurement, manufacturing, and export of roots and herbs for the herbal industry. The company offers a wide range of products, including whole, shredded, powdered, fresh, and dehydrated botanical herbs, catering to various sectors such as health food, pharmaceuticals, cosmetics, alternative medicines, and culinary applications. In addition to their diverse product offerings, American Botanicals provides services such as pharmaceutical-grade milling, natural and heat sterilization, and professional export. The company emphasizes sourcing both conventional and organic materials, including wildcrafted herbs, ensuring that its products are free from synthetic chemicals. American Botanicals serves customers both domestically and internationally, positioning itself as a reliable supplier in the herbal market.

American Botanicals

Series A in 2014
American Botanicals LLC, founded in 1994 and based in Eolia, Missouri, specializes in the cultivation, procurement, manufacturing, and export of roots and herbs for the herbal industry. The company offers a wide range of products, including whole, shredded, powdered, fresh, and dehydrated botanical herbs, catering to various sectors such as health food, pharmaceuticals, cosmetics, alternative medicines, and culinary applications. In addition to their diverse product offerings, American Botanicals provides services such as pharmaceutical-grade milling, natural and heat sterilization, and professional export. The company emphasizes sourcing both conventional and organic materials, including wildcrafted herbs, ensuring that its products are free from synthetic chemicals. American Botanicals serves customers both domestically and internationally, positioning itself as a reliable supplier in the herbal market.

Manna Pro Products

Debt Financing in 2014
Manna Pro Products produces high-quality animal nutrition and care products for a broad range of animals. Its largest group of products is associated with horses, but the company also produces feed for backyard poultry and goats, rabbits, cattle, pigs and companion animals.

New Haven Pharmaceuticals

Debt Financing in 2013
New Haven Pharmaceuticals (NHP) is a specialty pharmaceuticals company developing proprietary prescription pharmaceuticals that utilize currently marketed drugs or generally recognized as safe (GRAS) active pharmaceutical ingredients (APIs) for use in therapeutic applications that represent significant market opportunities. The company's novel product pipeline employs proprietary, oral, controlled-release technologies, as well as intellectual property licensed from Yale University, which will enable optimal dosing, safety, efficacy and patient convenience.

New Haven Pharmaceuticals

Series A in 2012
New Haven Pharmaceuticals (NHP) is a specialty pharmaceuticals company developing proprietary prescription pharmaceuticals that utilize currently marketed drugs or generally recognized as safe (GRAS) active pharmaceutical ingredients (APIs) for use in therapeutic applications that represent significant market opportunities. The company's novel product pipeline employs proprietary, oral, controlled-release technologies, as well as intellectual property licensed from Yale University, which will enable optimal dosing, safety, efficacy and patient convenience.

New Haven Pharmaceuticals

Venture Round in 2012
New Haven Pharmaceuticals (NHP) is a specialty pharmaceuticals company developing proprietary prescription pharmaceuticals that utilize currently marketed drugs or generally recognized as safe (GRAS) active pharmaceutical ingredients (APIs) for use in therapeutic applications that represent significant market opportunities. The company's novel product pipeline employs proprietary, oral, controlled-release technologies, as well as intellectual property licensed from Yale University, which will enable optimal dosing, safety, efficacy and patient convenience.

Belladoggie

Debt Financing in 2011
Belladoggie creates a fitness plan for dogs that have had an injury, surgery or are becoming less agile as they age. The company ensures that pets receive care and attention. The company posts treat, spas, medications, and supplements for dogs.

Manna Pro Products

Debt Financing in 2010
Manna Pro Products produces high-quality animal nutrition and care products for a broad range of animals. Its largest group of products is associated with horses, but the company also produces feed for backyard poultry and goats, rabbits, cattle, pigs and companion animals.

Belladoggie

Debt Financing in 2010
Belladoggie creates a fitness plan for dogs that have had an injury, surgery or are becoming less agile as they age. The company ensures that pets receive care and attention. The company posts treat, spas, medications, and supplements for dogs.

Belladoggie

Debt Financing in 2009
Belladoggie creates a fitness plan for dogs that have had an injury, surgery or are becoming less agile as they age. The company ensures that pets receive care and attention. The company posts treat, spas, medications, and supplements for dogs.

Cardax

Venture Round in 2004
Cardax, Inc. is a biopharmaceutical company based in Honolulu, Hawaii, specializing in the development and commercialization of dietary supplements and pharmaceutical products targeting inflammatory health and chronic diseases driven by oxidative stress. The company's flagship product, ZanthoSyn, is an anti-inflammatory dietary supplement that utilizes astaxanthin, known for its enhanced absorption and purity, to promote health and longevity. Cardax sells ZanthoSyn primarily through e-commerce and wholesale channels while exploring additional therapeutic options. The company is also developing pharmaceutical candidates such as CDX-101 and CDX-301, which focus on astaxanthin and zeaxanthin, respectively, for various medical conditions. Furthermore, Cardax has established strategic partnerships, including a joint development agreement with BASF SE and a collaboration with Capsugel US, LLC, to enhance its product offerings in the consumer health market. The company's innovative approach aims to address significant unmet medical needs across a range of conditions, including metabolic diseases, cardiovascular issues, and arthritis, with an emphasis on safety and efficacy.
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