Advantage Capital is a venture capital firm specializing in growth equity, lending, and mezzanine debt capital investment in companies at all stages of development: early, expansion equity, and later stage; except seed. It focuses on small businesses.
Advantage Capital invests in low income communities, both urban and rural, and other investmentssupporting state and local economic development efforts. It seeks to invest in companies that develop or apply proprietary technologies or approaches to products, systems, and services primarily in the communication, information technology, information technology services, telecommunication services and communication equipments, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy industry, but also considers other opportunities.
Advantage Capital seeks to invest in rural businesses involved in the production, processing and supply of agricultural products. It also provides debt capital in the form of senior debt, mezzanine debt, subordinated loans, government-guaranteed lending, business capital for investments and loans in underserved areas, and equity capital to real estate development firms and real estate projects.
Advantage Capital primarily invests in Connecticut, Alabama, Colorado, Florida, Hawaii, Illinois, Kentucky, Louisiana, Missouri, Maine, Midwest, Oregon, New York, Texas, Wisconsin, Mississippi, and the District of Columbia in the United States. It seeks to make an initial investment between $0.5 million and $10 million in companies with sales value less than 5 million.
Advantage Capital can make larger and further investments based on pre-set milestones or subsequent financing events and prefers to co invest with other investment firms in the form of equity or deeply subordinated debt, to support bank lending. Occasionally, smaller investments are made depending on the stage of the investment.
Advantage Capital typically invests in preferred equity securities and current or preferred debt instruments that are either convertible or issued with warrants. It seeks to invest in states and communities that are underserved by traditional sources of risk capital and focuses on state and federal economic development initiatives that bring businesses, technologies and jobs to communities that need them.
David Bergmann, Martin Bodenham, and Steven T. Stull founded Advantage Capital in 1992. It has its its headquarters in New Orleans in Louisiana and additional offices across the United States.
Financials
Advantage Capital has raised a total of $77M in funding over 1 round. This was a Debt Financing round raised on May 22, 2014.
Advantage Capital is funded by Citi.
Advantage Capital has raised a total of $346M across 13 funds, their latest being Advantage Capital Partners Illinois. This fund was announced on Jan 1, 2009 and raised a total of $55M.
People
Advantage Capital has 52 current employee profiles, including President Steven T. Stull.
Advantage Capital has 1 board member or advisor, Thomas W. Keaveney.
Technology
Advantage Capital uses 20 technology products and services including HTML5, Google Analytics, and jQuery, according to G2 Stack.
Advantage Capital is actively using 35 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF.
