HCAP Partners

HCAP Partners is a private equity firm based in San Diego, California, specializing in growth capital investments primarily in lower middle market companies across California and the Western United States. Founded in 2000, the firm focuses on sectors such as manufacturing, healthcare, services, and technology. HCAP Partners typically invests between $2 million and $25 million in companies with revenues ranging from $10 million to $100 million and enterprise values between $10 million and $60 million. The firm does not engage in start-up investments and prefers to acquire active board positions in its portfolio companies. It employs a range of investment strategies, including equity, debt, and combinations thereof, often providing mezzanine debt investments for minority equity participations. HCAP Partners aims to generate above-market returns while contributing to the economic well-being of the communities it serves, seeking to exit its investments within five years.

Timothy Raymond Bubnack

Managing Partner

Michael Chen

Associate

Ben Consoli

Vice President

Christopher Fallone

Vice President

Jessica Kim

Vice President

Nicolas Lopez

Principal

Hope Mago

Partner

Morgan Miller Jr.

Co-Founder and Managing Partner

Frank Mora

Senior Partner

Kurt Noyes

CFO

Stefan Okhuysen

Partner

Bhairvee Shavdia

Principal

Chenjing Wang

Senior Associate

Tom Woelfel

Senior Director of Impact

29 past transactions

DFW Neuropathy

Private Equity Round in 2022
DFW Neuropathy is dedicated to developing and refining cutting-edge techniques and treatments that provide accurate diagnoses, low risks, and maximum results. They treat peripheral and diabetic neuropathy, and other musculoskeletal conditions, such as back pain and knee pain.

FleetNurse

Series A in 2022
FleetNurse is a healthcare staffing solution based in Eugene, Oregon, that connects qualified healthcare professionals with local healthcare facilities. Founded in 2018, the company offers a platform focused on healthcare resource management, providing services such as online credentialing and facilitating the acceptance of shifts. By eliminating the need for staffing agencies, FleetNurse enables medical businesses to register staff for required shifts at pre-negotiated rates. The platform also includes features that enhance user experience through a mobile application, streamlining the process of finding and managing healthcare staff.

Lone Star Aerospace

Private Equity Round in 2021
Improve operational performance, monetary savings and risk reduction via analysis with deep industry knowledge and the most sophisticated tools and data available. Lone Star offers critical awareness of essential market, segment and customer knowledge through competitive influenced uptake simulations, probability-of-win analysis and other competitive insight. Conscience understanding of the true “Price-to-Win”, critical competitive performance thresholds, strategic execution elements and other operational choices. Identifies the true quantification of the financial impact and degree of risk associated with actions or events for organizations and programs. Lone Star provides Price-to-Win solutions that are integral to the strategic capture and business development process by delivering high confidence answers at critical gate reviews. Cornerstone technology is Tru Navigator, a 4th generation decision support tool designed to address virtually any problem, and especially excels at addressing problems with significant analytical and organizational complexity.

Myndshft

Private Equity Round in 2021
Myndshft Technologies is powering the next generation of healthcare administration with blockchain and artificial intelligence. Through their proprietary cognitive blockchain platform, Myndshft is simplifying claims management and prior authorizations, and leading the shift to value-based care.

5th Kind

Private Equity Round in 2021
Developer of a digital workflow management platform intended for studios, agencies, entertainment companies and consumer brands. The company's web-based digital asset management and workflow application platform offers asset storage, review, approvals, distribution and live meetings in one space to streamline and simplify communication around complex projects, enabling clients to centralize and secure all digital files to improve collaboration, eliminate duplication, simplify access and reduce costs.

TCS Healthcare Technologies

Private Equity Round in 2021
TCS Healthcare Technologies, Inc. specializes in medical management software and consulting solutions aimed at enhancing healthcare delivery. Founded in 1983 and based in Auburn, California, with an office in Wilmington, North Carolina, the company offers a range of products, including the ACUITY Advanced Care management software, which supports utilization management, case management, disease management, and wellness services. Their suite also features tools like Acuity AnyWare, AcuCare, AcuStrat, AcuExchange, ACUITYnxt, and AcuPort, each designed to streamline various aspects of healthcare management and improve communication between providers and payers. TCS Healthcare Technologies serves health plans, insurers, providers, third-party administrators, and medical management companies, providing comprehensive consulting services that encompass software implementation, workflow design, care plan development, and data analysis. The company emphasizes a client-centered approach, leveraging the expertise of nurse clinicians with experience in IT and managed care to tailor solutions that meet the specific needs of healthcare organizations.

AMFM Healthcare

Private Equity Round in 2021
AMFM Healthcare specializing in primary mental health residential treatment for individuals and their family members. They help individuals build a foundation of behavioral and lifestyle changes that drastically reduce the effects of mental illness. The company's mission is to help people who suffer from mental disorders heal and recover to help regain stability in their lives. AMFM Healthcare was founded in 2011 and is headquartered in San Juan Capistrano, CA.

83Bar

Debt Financing in 2021
83Bar is a patient activation company that specializes in the healthcare sector through its marketing automation platform. The company utilizes a combination of social media outreach and call center services to connect patients with healthcare providers, facilitating the scheduling and delivery of patients across various healthcare-related industries. By offering these services, 83Bar helps healthcare providers achieve a higher return on their advertising investments while providing valuable market insights. Additionally, the company's patient journey management platform is designed to locate, educate, and guide patients throughout their healthcare experience, ensuring they receive personalized services tailored to their needs.

BetterNight

Series B in 2020
BetterNight is a health and wellness company specializing in sleep medicine, focused on providing comprehensive care for sleep-related issues, particularly sleep apnea. The company has developed a virtual-care sleep platform that integrates clinically validated sleep assessments with telehealth services. This platform includes home sleep testing and cognitive behavioral therapy for insomnia, allowing patients to access effective treatments and improve their overall well-being. By leveraging decades of research, BetterNight aims to enhance patients' physical and mental health through innovative and accessible sleep solutions.

DYPER

Venture Round in 2020
DYPER Inc. is a manufacturer and subscription-based delivery service specializing in environmentally friendly bamboo diapers and related products. Founded in 2014 and headquartered in Scottsdale, Arizona, DYPER offers a range of items including briefs, wipes, creams, bags, and pails. The company's diapers are made from responsibly sourced materials, specifically viscose fibers from renewable bamboo, and are designed to be compostable, helping to reduce microplastics in the environment. DYPER's products are free from harmful chemicals, prints, and scents, making them a safer choice for consumers. Additionally, the company provides an online ordering system through a subscription application to facilitate the delivery of its eco-friendly products.

eLearning Brothers

Private Equity Round in 2020
eLearning Brothers is a leader in the corporate learning technology industry. The company provides a complete suite of integrated learning development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. Learning developers can utilize these tools together with an extensive library of professionally-designed eLearning templates, game modules, and courses. eLearning Brothers also creates award-winning custom learning solutions and provides a learning management system to deliver and track learning content and learner progress. eLearning Brothers is helping everyone create and deliver eLearning that rocks!

TCS Healthcare Technologies

Private Equity Round in 2019
TCS Healthcare Technologies, Inc. specializes in medical management software and consulting solutions aimed at enhancing healthcare delivery. Founded in 1983 and based in Auburn, California, with an office in Wilmington, North Carolina, the company offers a range of products, including the ACUITY Advanced Care management software, which supports utilization management, case management, disease management, and wellness services. Their suite also features tools like Acuity AnyWare, AcuCare, AcuStrat, AcuExchange, ACUITYnxt, and AcuPort, each designed to streamline various aspects of healthcare management and improve communication between providers and payers. TCS Healthcare Technologies serves health plans, insurers, providers, third-party administrators, and medical management companies, providing comprehensive consulting services that encompass software implementation, workflow design, care plan development, and data analysis. The company emphasizes a client-centered approach, leveraging the expertise of nurse clinicians with experience in IT and managed care to tailor solutions that meet the specific needs of healthcare organizations.

Lone Star Aerospace

Private Equity Round in 2019
Improve operational performance, monetary savings and risk reduction via analysis with deep industry knowledge and the most sophisticated tools and data available. Lone Star offers critical awareness of essential market, segment and customer knowledge through competitive influenced uptake simulations, probability-of-win analysis and other competitive insight. Conscience understanding of the true “Price-to-Win”, critical competitive performance thresholds, strategic execution elements and other operational choices. Identifies the true quantification of the financial impact and degree of risk associated with actions or events for organizations and programs. Lone Star provides Price-to-Win solutions that are integral to the strategic capture and business development process by delivering high confidence answers at critical gate reviews. Cornerstone technology is Tru Navigator, a 4th generation decision support tool designed to address virtually any problem, and especially excels at addressing problems with significant analytical and organizational complexity.

DYPER

Private Equity Round in 2019
DYPER Inc. is a manufacturer and subscription-based delivery service specializing in environmentally friendly bamboo diapers and related products. Founded in 2014 and headquartered in Scottsdale, Arizona, DYPER offers a range of items including briefs, wipes, creams, bags, and pails. The company's diapers are made from responsibly sourced materials, specifically viscose fibers from renewable bamboo, and are designed to be compostable, helping to reduce microplastics in the environment. DYPER's products are free from harmful chemicals, prints, and scents, making them a safer choice for consumers. Additionally, the company provides an online ordering system through a subscription application to facilitate the delivery of its eco-friendly products.

Sleep Data

Private Equity Round in 2019
Sleep Data Holdings, LLC specializes in the treatment and diagnosis of sleep apnea, offering a range of services that include Home Sleep Testing, Continuous Positive Airway Pressure (CPAP) therapy, and Dental Sleep Medicine with Oral Appliance Therapy. Founded in 1995 and headquartered in San Diego, California, the company employs over 50 trained professionals, including board-registered polysomnographic technicians and respiratory therapists, to ensure comprehensive care for patients. In addition to diagnostic services, Sleep Data provides therapist coaching, continued care, and necessary supplies to support ongoing treatment. The company is committed to delivering efficient and discreet care, maintaining a focus on patient comfort and health.

BetterNight

Series A in 2019
BetterNight is a health and wellness company specializing in sleep medicine, focused on providing comprehensive care for sleep-related issues, particularly sleep apnea. The company has developed a virtual-care sleep platform that integrates clinically validated sleep assessments with telehealth services. This platform includes home sleep testing and cognitive behavioral therapy for insomnia, allowing patients to access effective treatments and improve their overall well-being. By leveraging decades of research, BetterNight aims to enhance patients' physical and mental health through innovative and accessible sleep solutions.

CortiCare

Private Equity Round in 2019
CortiCare Inc. specializes in tele electroencephalogram (EEG) services, offering a comprehensive platform that includes remote continuous EEG monitoring, remote reading and consulting, ambulatory EEG studies, and the provision of equipment and training. Founded in 2009 and headquartered in Carlsbad, California, the company leverages advances in telemetry and online communication security to facilitate real-time bedside monitoring of brain activity from remote locations. This enables continuous observation of EEG waveforms, allowing neurologists to be promptly alerted to any significant events.

Mission Healthcare

Private Equity Round in 2019
Mission Healthcare, founded in 2009 and based in San Diego, California, is a Medicare-certified agency that offers a range of medical, non-medical, and hospice care services. The company serves various regions including San Diego, Temecula, Riverside, San Bernardino, Palm Springs, Santa Barbara, Orange County, and Ventura County. Mission Healthcare focuses on providing home health services designed to enhance the quality of life for elderly patients and their families. Its team includes licensed clinicians such as nurses, therapists, and social workers who are dedicated to addressing both the clinical and emotional needs of patients in a comfortable home environment. Through its compassionate care approach, Mission Healthcare aims to ensure that individuals receive reliable support and treatment to maintain their well-being at home.

Confirm BioSciences

Private Equity Round in 2019
Confirm Biosciences is a women owned business located in San Diego, CA. Confirm Biosciences is a worldwide provider of on-site drugs of abuse testing products marketed under the trade names SalivaConfirm®, DrugConfirm™, Hairconfirm™ and for private label. During their 5 year history, they have developed a global distribution network with a strong presence in North America, Europe and Australia.

Arosa

Private Equity Round in 2018
Arosa LLC, founded in 2012 and based in Durham, North Carolina, specializes in providing non-medical in-home care, skilled in-home care, pediatric therapy, and facility staffing services. The company serves clients throughout Central and Eastern North Carolina, focusing on enhancing the physical, emotional, and social well-being of its clients, particularly elderly individuals. Through its affiliates, Nurse Care of North Carolina and Developmental Therapy Associates, Arosa adopts an operational approach to investing in the healthcare services sector, ensuring quality care and support tailored to the needs of its diverse clientele.

Baked in the Sun

Private Equity Round in 2017
Baked in the Sun is a wholesale bakery provider manufacturing high quality, fresh and frozen products for coffee houses, supermarkets, big box retailers, food service, hotels, hospitals and schools. They distribute directly to customers in Southern California and Las Vegas via their own fleet of delivery trucks, and nationally throughout the remainder of the United States via distributors. Baked in the Sun partners with their customers to provide custom wholesale bakery and food manufacturing solutions and is proud to be the supplier their customers can always count on.

Burke Williams

Debt Financing in 2017
Operator of a chain of day spas intended to help customers discover something that could change their life. The company offers massage therapy, facials, manicures and pedicures, baths, chiropractic and wetroom treatments, enabling customers to get customized spa services at competitive rates.

Lucernex

Private Equity Round in 2016
Lucernex Technologies, Inc. specializes in providing cloud-based integrated workplace management system (IWMS) software solutions, focusing on real estate lifecycle management. The company's flagship product, Lucernex Enterprise, enables clients to optimize their real estate portfolios through comprehensive features such as real estate planning, site selection, lease and contract management, lease accounting, and facility maintenance management. Another key offering, Lucernex OneClick, assists organizations in managing leases and contracts efficiently, ensuring compliance with financial obligations and facilitating detailed analyses of lease portfolios. Lucernex serves a diverse range of industries, including retail, healthcare, finance, and telecommunications, managing over 100,000 real estate locations for more than 160 brands globally. Founded in 2000 and headquartered in Plano, Texas, Lucernex operates as a subsidiary of Accruent, LLC, and is committed to delivering integrated solutions that enhance the management of real estate assets.

Datashield

Venture Round in 2014
DATASHIELD has provided advanced data security services since its founding in 2009. Our model combines people, processes, and technology to help modern organizations and enterprises stay ahead of advanced threats that compromise security and can cost millions of dollars. By using cutting-edge technology, we give our customers visibility into potentially damaging activity within their infrastructure by continuously monitoring activity across their enterprise. We employ teams of experienced professionals that bring human intelligence to the monitoring and analysis of data, helping organizations identify potential threats and breaches. These teams also help our customers respond quickly and effectively to neutralize any identified threats.

Wave Technology Solutions

Private Equity Round in 2011
Wave Technology Solutions Group, Inc. specializes in enterprise content management and document management solutions, offering a range of services designed to enhance business efficiency. Founded in 1992 and based in Irvine, California, the company provides solutions for various applications, including human resource automation, accounts payable, contracts management, and case management. Its service offerings encompass business process automation, cloud-based content management, disaster recovery, document scanning, and intelligent capture, which extracts important information from both paper and electronic documents. Wave Technology Solutions serves a diverse clientele across public sector, healthcare, insurance, finance, life sciences, and manufacturing industries. The company is committed to delivering secure and efficient access to critical documents, ensuring that clients can retrieve information anytime and from any location.

Reischling Press

Series B in 2010
Reischling Press, Inc. provides digital image printing services. The company offers manufacturing and fulfillment solutions for the consumer print-on-demand market. Its solutions comprise a range of consumer photo products; design, consulting, printing, finishing, and shipping services; and a white label solution that provide designs, tools, support, and production for personalized products from the user's Website. The company was incorporated in 1978 and is based in Tukwilla, Washington.

Reischling Press

Series A in 2010
Reischling Press, Inc. provides digital image printing services. The company offers manufacturing and fulfillment solutions for the consumer print-on-demand market. Its solutions comprise a range of consumer photo products; design, consulting, printing, finishing, and shipping services; and a white label solution that provide designs, tools, support, and production for personalized products from the user's Website. The company was incorporated in 1978 and is based in Tukwilla, Washington.

Aktino

Series B in 2005
Positron Access Solutions design, manufactures, and markets networking and broadband management equipment to information technology and telecommunication industries. The company's platform enables broadband connectivity and system networking services. It partners with EMBARQ Logistics. Positron Access Solutions was formerly known as Aktino, Inc. and changed its name after its acquisiton by Positron Inc. The company was founded in 2003 and is headquartered in Irvine, California. As of May 11, 2009, Aktino, Inc. operates as a subsidiary of Positron Inc.
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