Articles from Advantage Capital

Advantage Capital, a leading impact investment firm, and Origis Energy, one of the United States’ leading renewable energy platforms, announced today the closing of a $265 million tax equity commitment supporting three utility-scale solar projects. The portfolio—sited in Florida and Alabama— underscores both firms’ shared focus on advancing the energy infrastructure build-out in the U.S. while driving economic growth in rural communities.

Juristat, a trusted leader in patent analytics and predictive data science for intellectual property (IP) strategy, today announced a growth investment led by Advantage Capital. The new funding will enable Juristat to accelerate product innovation, expand its market presence, and establish a new headquarters in New Haven, Connecticut. The investment underscores Juristat’s market leadership and its proven ability to help legal professionals meet increasing demands for efficiency, predictability, and client success in patent prosecution.

Specialty Printing will host a ribbon cutting ceremony on Thursday, September 25, to celebrate the expansion of its Windsor facility. The project, supported by an $11.5 million loan from Advantage Capital in connection with the InvestCT program, has enabled the company to grow its workforce, upgrade its technology, and strengthen operations to meet growing customer demand.

Intermark Steel, a Price-based steel fabrication company, today received a pro-growth investment from Advantage Capital, a leading impact investment firm that invests with intention in underserved areas. With this investment, made through the Utah Rural Jobs Act, the company plans to expand and add 24 new, high-quality jobs—delivering measurable economic opportunity to a rural region of Utah often overlooked by traditional capital markets.

Organizational Development Resource Group (ODRG), a fast-rising technology and operations firm serving federal clients, announced today it secured a $3 million investment from the Empower the Change Fund—a growth capital fund dedicated to supporting undercapitalized entrepreneurs. This investment will propel ODRG’s expansion into advanced geospatial intelligence services and strengthen its mission technology capabilities to deliver on the evolving needs of federal agencies.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, announced today the financial closing of Telestar Court—a $51 million office to residential conversion based in Falls Church, Va. The redeveloped site will deliver 80 affordable homes for low- to moderate-income residents.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas, announced today an $11.5 million investment in Specialty Printing made in connection with the InvestCT program. The financing will allow the company to expand its workforce of 215 employees by adding 50 new positions, supporting ongoing growth and innovation. It will also provide critical working capital, enabling the company to significantly enhance operational efficiency at its 330,000-square-foot facility in Windsor.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, announced today the financial closing for Kindlewood Phase II—a $68 million redevelopment in Charlottesville, Va.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas, in partnership with the Community Development Venture Capital Alliance (CDVCA), today announced a $5 million investment in Gravity Diagnostics. Based in Covington, Kentucky, Gravity Diagnostics is a clinical laboratory providing innovative testing solutions in toxicology, pharmacogenetics, infectious and upper respiratory diseases, blood diagnostics, and COVID-19 testing.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, announced today the financial closing of The Harbor at Quantico Creek. Funded in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program, this development will deliver critical affordable housing for seniors in the Town of Dumfries, Virginia.

Advantage Capital, a leading impact investment firm, today announced a $2.5 million investment to support entrepreneur Adam Salmen in acquiring a controlling stake in the United Metallurgical Equipment Companies of Cincinnati (UMECC), based in West Chester, Ohio.

Advantage Capital, a leading impact investment firm, announced today a $3.1 million investment in Servicengine, a Danbury, Conn.-based SaaS company specializing in relocation management software. The funding will enable Servicengine to double its team and enhance its innovative platform, which supports the complex needs of relocation management companies (RMCs) and corporations navigating global workforce challenges.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, today announced the financial closing of three Georgia affordable housing developments to bring 623 housing units to Atlanta and nearby Lawrenceville, Ga. The homes will be made available to families and seniors earning at or below the household area median income.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, today announced the financial closing of The Oak Park Townhomes. The new construction in Kansas City, Mo. will offer affordable units to households at 40-, 50- and 60-percent of the area median income.

Advantage Capital, a leading impact investment firm, announced that it has committed to provide a $137 million investment to Sabanci Renewables, a North American subsidiary of Sabanci Holding, to complete the financing of its Oriana Solar Project. Located approximately 120 miles southeast of San Antonio, Texas in Victoria County, Oriana is a 232 MWdc utility-scale solar project currently under construction.

Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, today announced the financial closing of The ZeroPak, one of the first combined investments under the Virginia Housing Opportunity Tax Credit and Virginia Historic Rehabilitation Tax Credit programs. The ZeroPak will serve as the first family-focused affordable housing development built in Winchester, Virginia since 1999.

Farmstead Manufacturing today announced the opening of their new production warehouse in Leeds. This expansion comes following the success of owners Chris Connors and Li Hsun Sun’s flagship Farmstead Bakery retail location in nearby downtown St. George, and after the opening in July of their new retail location in Springdale, located just outside of Zion National Park. A third retail bakery is set to open in nearby Hurricane in the fall.

Advantage Capital, a leading impact investment firm, announced today the expansion of its state low-income housing tax credit (LIHTC) business line, which invests in affordable housing initiatives to help ensure family and community stability across the country, with the addition of industry veteran Natalie Moretz as Senior Vice President.

Advantage Capital, a leading impact investment firm, today announced it has named energy executive Steven Lichtin as Managing Director and Chief Executive Officer of Advantage Renewables. In this capacity, Lichtin will lead and oversee the firm’s growing renewable energy development platform.

Whitman Controls, LLC. (‘Whitman Controls‘), an industry leader in the custom design and manufacturing of pressure, vacuum, level, and temperature switches, today announced it secured a $4.5 million investment led by leading impact investor Advantage Capital. The Bristol-based company will leverage the capital to support business growth initiatives and bring as many as 30 new jobs to the area.

Advantage Capital, a leading impact investment firm, announced today a $3 million investment in Malone’s CNC Machining, Inc.—a manufacturer of replacement parts and assemblies for United States military aircrafts. The company will use the financing to support the purchase of new equipment and address working capital needs.

Advantage Capital, a leading impact investment firm, today announced a $1.75 million investment in Utah-based baked goods manufacturer, Farmstead Manufacturing. The company will use the financing to support the land purchase and build out of a commercial bakery from 1,000-square-feet to 5,000-square-feet to expand its operations and distribution through wholesale, e-commerce, and catering.

Advantage Capital, a leading impact investment firm, announced today that it has committed to provide a $185 million investment to Sabanci Renewables Inc., a North American subsidiary of Sabanci Holding, to complete the financing of its Cutlass Solar II project. Located approximately 40 miles southwest of Houston in Fort Bend County, Cutlass II is a 272 MWdc utility-scale solar project under construction in the Electric Reliability Council of Texas (ERCOT), one of the largest U.S. markets for renewable energy development.

Advantage Capital, a leading impact investment firm that invests in expanding access to affordable homes across the country, today announced the financial closing of one of the first investments under the Virginia Housing Opportunity Tax Credit (HOTC) program, which is designed to spur stable housing availability in the state as the cost of living continues to climb across the country.

Advantage Capital, a leading impact investing firm, today announced a $4 million investment in Goodwrx--a Las Vegas-based company providing a tech-enabled platform that pairs hospitality workers with employers looking to supplement their existing workforce.

Advantage Capital, a leading impact investor, today announced a $40 million allocation award in the highly competitive federal New Markets Tax Credit (NMTC) program. Administered by the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund, the program seeks to attract private investment to bring development and economic growth to distressed communities.

Advantage Capital, a leading impact investing firm, today announced a $3.35 million investment in Vibrant Corporation, a non-destructive testing (NDT) technology company. Advantage Capital led the round, with several pre-existing Vibrant shareholders also participating. The company will leverage this funding to expand its workforce and increase production.

Advantage Capital, a leading impact investment firm, announced today the expansion of its senior leadership team with the addition of real estate and tax credit equity industry veteran, Lynn Ambrosy, as Managing Director. Ambrosy brings his leadership and vision to Advantage Capital to help lead a talented Capital Markets team working to expand the low-income housing tax credit (LIHTC) and renewable energy business lines within the growing firm.

Leading impact investor Advantage Capital today published its annual impact report – providing a thorough overview of investments and outcomes from the firm’s efforts to support small businesses, finance affordable housing developments and expand access to renewable energy.

Advantage Capital, a leading impact investment firm, announced today a $7.5 million investment to support minority investors and entrepreneurs, Tannis Fussell of Ascentria Capital and James Collins of Eastwood Capital, in their efforts to acquire a controlling stake in long haul trucking company, General Trucking. The investment was made in connection with the firm’s Empower the Change Fund—a growth capital fund dedicated to providing access to capital to minority entrepreneurs and minority-owned businesses enterprises (MBEs).

Advantage Capital, venture capital firm, small business lender and impact investor, announced today it has added three additional Limited Partners to a new growth capital fund dedicated to closing the racial wealth gap by investing in MBEs. In partnership with the NMSDC Business Consortium Fund (BCF), the impact-oriented fund will provide flexible risk capital to support minority businesses and help them scale.

UnityLab, the company behind Hoffman-NewYorker and Unity Laundry Systems--some of the most respected and innovative brands that serve a diverse global community of businesses and nonprofits, today announced $4.5 million in funding as part of its strategic Series A round. The company has a mission to revitalize manufacturing and to enable innovation in small towns across the United States.

What: Joint press conference with UnityLab, Advantage Capital, state legislative partners to announce significant new public-private funding for job creation at Dushore factory. Featured speakers include:

Advantage Capital, a venture capital firm, small business lender, and impact investor, announced today a $7.5 million investment in FIAT Products to finance an acquisition that will transition the company to an American-owned business, allowing it to expand in Somerset through product and job growth as well as community involvement. The company expects to bring at least 63 local positions to the area in the next three years.

Advantage Capital today published its milestone impact report – recognizing three decades of investing in small businesses, growing local economies and delivering returns for investors.

The Empower the Change growth equity fund is entirely dedicated to providing access to capital to minority-owned businesses, empowering and enabling entrepreneurs of color who are advancing innovation in America.

Advantage Capital and the NMSDC Business Consortium Fund (BCF) announced today the launch of a new fund dedicated to providing access to capital to minority-owned business enterprises (MBEs). The partnership represents a unique paring that brings together the BCF’s 35-year history of providing access to capital to entrepreneurs of color with Advantage Capital’s 30 years of investment expertise in highly distressed urban core and rural communities.

Venture capital firm, small business lender and impact investor Advantage Capital has hired Jeff Grass to lead all corporate communications and marketing activities as Vice President of Communications and Stakeholder Engagement. Based in the St. Louis office, Grass will serve as strategic counselor to the leadership team and guide the development of comprehensive communications and outreach programs across all lines of business for the firm—supporting its growth goals and furthering its mission to bring capital to underserved communities.

Venture capital firm and small business lender Advantage Capital today announced a $60 million allocation award in the highly competitive federal New Markets Tax Credit (NMTC) program. Administered by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), the awards will spur economic growth and development in low-income urban and rural communities across the country.

Advantage Capital, a venture capital firm and small business lender, today announced it has closed a $2 million preferred equity investment in drone services provider FlyGuys. The Series A funding, in connection with the Louisiana New Markets Tax Credit Jobs Act, will help the company ramp up sales and marketing, purchase new equipment and drones, and triple its staff in Lafayette over the coming years.

Advantage Capital today announced a $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies. The investment will provide this woman-owned business with capital to expand operations and bring on as many as 15 new employees.