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Quoddy
Quoddy
Quoddy, Inc. is a “Made in Maine” shoe manufacturer with a long heritage of producing some of the highest quality boat shoes and moccasins in the world. In 2013 Quoddy’s upward trajectory was constrained by limited working capital options. Quoddy needed capital to stabilize operations and transition to a new business model to sustain its growth. Advantage Capital’s investment allowed Quoddy to develop its sales function and brand awareness.
PayIt
PayIt
PayIt’s digital platform brings speed and simplicity to residents’ interactions with government. Its digital-based service enables people to easily access essential government services or perform tasks such as renew motor vehicle registration and pay taxes from any device, anywhere. In the beginning, this startup faced difficulties accessing the capital it needed to grow and find a partner that could help it develop government relationships. Advantage Capital provided working capital to support PayIt’s national expansion and the development of its tech center in Kansas City, Missouri.
E-Z Pack
E-Z Pack
Formed with the consolidation of truck manufacturers E-Z Pack and Continental Mixing, Commercial Specialty Truck Holdings is a cement and refuse truck manufacturer in rural Kentucky. In 2016, the company was in need of capital as it worked to turn around the two businesses. An initial investment, along with flexible follow-on capital, stabilized the company enabling it to continue to grow. E-Z Pack has grown substantially, with more than 229 employees in its rural Kentucky location.
Tortillas Inc.
Tortillas Inc.
The first tortilla factory in Nevada, Los Arcos Tortillas (Tortillas) was founded in 1979 by Gus Gutierrez. This family-owned and operated business has steadily grown to become a major supplier of tortillas and other food products, both packaged and fresh. An investment from Advantage Capital allowed the company to buy the new packaging and kitchen equipment it needed to expand into in-house production of fresh food items and take its business to the next level, while growing jobs and opportunities in its North Las Vegas community.
Modern MD
Modern MD
Modern MD operates eight clinics in economically and medically underserved communities throughout Brooklyn and Queens where on average 20% or more of the population lives on or under the poverty line. In 2018, the company was looking for capital that would allow it grow. With financing from Advantage Capital, the company expects to open six additional locations across New York City. Modern MD provides a crucial service to these communities by diverting traffic away from emergency rooms and offering people a viable alternative for medical treatment. Accessible medical care isn’t the only way Modern MD is serving the community. It’s also provides more than 80 critical localized quality jobs.
First Orion
First Orion
First Orion is a fast-growing provider of network enterprise solutions and call management software. The company leverages data, advanced algorithms and machine learning to identify and block the more than 50 billion robocalls, telemarketers and other unwanted callers U.S. consumers received in 2019, as well as provide standard and enhanced caller ID solutions. An investment from Advantage Capital helped finance the completion of First Orion’s new global headquarters and bring as many as 50 new jobs to the downtown neighborhood of North Little Rock. Since 2014, First Orion has grown its number of full-time employees from 36 to 226.
NevadaNanotech Systems
NevadaNanotech Systems
NevadaNano’s technology enables the sense of smell in portable devices, providing real-time chemical analysis to detect, identify and quantify chemicals in the air to ensure safer workplaces, healthier homes and a better environment. Advantage Capital’s investments in NevadaNano have helped to fund product development and commercialization and also played a pivotal role in bringing significant new venture capital to the company. A strong contributor to the rapidly emerging Reno/Sparks technology ecosystem, NevadaNano is helping to draw new talent and innovators in the technology sphere to the state, laying the foundation for the next tier of diverse industry growth.
North End Teleservices
North End Teleservices, a global provider of multi-channel contact center services, was founded as part of a concentrated effort to create jobs in North Omaha—a highly distressed community with unemployment in the double digits. Three years later, an investment from Advantage Capital provided the financial backing the company needed to move to the next level. North End Teleservices now employs more than 160 people and is a significant driver of local economic growth and community revitalization.
North End Teleservices
North End Teleservices, a global provider of multi-channel contact center services, was founded as part of a concentrated effort to create jobs in North Omaha—a highly distressed community with unemployment in the double digits. Three years later, an investment from Advantage Capital provided the financial backing the company needed to move to the next level. North End Teleservices now employs more than 160 people and is a significant driver of local economic growth and community revitalization.
TurboSquid
TurboSquid provides a global online marketplace for innovative digital products, particularly 3D models, enabling artists and designers to publish, promote and sell their work to users around the world. Founded in 2000, TurboSquid has revolutionized the way digital assets are bought, sold and delivered. Over the course of a few short years, TurboSquid transformed from a small tech start-up into the largest three-dimensional library in the world. In 2015, TurboSquid and Ford launched the Ford 3D Store, the first-ever automaker-licensed, one-stop 3D shop online.
Advantage Capital was one of the earliest institutional investors in the company. Our local presence helped the company attract additional capital from other investors without requiring TurboSquid to abandon its New Orleans roots. Since its founding, TurboSquid has tripled its employee count and is nationally recognized for being at the forefront of the New Orleans's tech-focused economic development efforts. Now occupying space in the Receivables Exchange building, TurboSquid’s move created a “cluster” effect, attracting additional small high-tech businesses to the Central Business District. In 2015, the company was named to The Idea Village’s inaugural NOLA100, a list of drivers of the local ecosystem that have started companies in New Orleans since 1999.
TurboSquid
TurboSquid provides a global online marketplace for innovative digital products, particularly 3D models, enabling artists and designers to publish, promote and sell their work to users around the world. Founded in 2000, TurboSquid has revolutionized the way digital assets are bought, sold and delivered. Over the course of a few short years, TurboSquid transformed from a small tech start-up into the largest three-dimensional library in the world. In 2015, TurboSquid and Ford launched the Ford 3D Store, the first-ever automaker-licensed, one-stop 3D shop online.
Rheonix
Rheonix
Rheonix strives to improve standards of medical care by making molecular diagnostics more widely available, while increasing the simplicity, accuracy and speed of receiving test results. After devoting its capital to research and development efforts, Advantage Capital’s initial investment allowed the company to commercialize its first product. Rheonix has since released its Encompass workstations, a family of fully automated and integrated molecular testing devices that have countless applications in both the medical and food and beverage industries.
Mason Manufacturing
Mason Manufacturing
Mason Manufacturing is a leading producer of high-quality head exchangers, dryers and vessels for major national and international clients in a wide range of industries. As an industrial manufacturer, the company was hit hard by the 2008 recession. Advantage Capital provided financing to help the company stay open and retain its workforce. As the economy recovered, Mason Manufacturing focused on enhancing its business and management structures to prepare for another phase of growth.
Brew Dr. Kombucha
Brew Dr. Kombucha
Brew Dr. Kombucha craft brews kombucha tea, often considered a healthful and detoxifying drink because of the live and active cultures created during the mild fermentation process. The company began as a spin-off from Townshend’s Tea Company. With the help of funding from Advantage Capital, Brew Dr. Kombucha purchased equipment and improved its facilities to fuel the production needed to respond to strong demand.
Recursion Pharmaceuticals
Recursion Pharmaceuticals
Recursion Pharmaceuticals is a drug discovery company that uses a novel drug screening platform to repurpose and reposition pharmaceuticals to quickly and efficiently identify treatments for multiple rare genetic diseases. The company was primarily funded by grants and angel investors but required more traditional institutional capital to grow. Advantage Capital’s investment provided this insightful capital and helped Recursion Pharmaceuticals secure a full first round of financing to support its research and development efforts. Subsequent investments supported Recursion as it sought to accelerate development, scale processes and discover more applications for its technology. The company has since moved into a 100,000 square foot headquarters in a highly distressed area of downtown Salt Lake City, and continues to grow its team of data scientists, biologists, and software engineers. Since its founding in 2013, the company has received numerous awards including, Fast Company’s Annual List of the World’s Most Innovative Companies.
ACT Aerospace
Since 2004, ACT Aerospace has been a leader in the aerospace defense industry. Though like many small businesses in rural locations, it struggled to obtain the financing it needed to secure new contracts essential for growth. In 2015, Advantage Capital provided flexible funding in order for ACT to purchase equipment to support a critical contract.
A few years later, in 2018, the company sought an additional investment to fund planned growth and fulfill new contracts. Today, the company is the largest private employer in Gunnison, Utah and employs more than 100 people.
ACT Aerospace
Since 2004, ACT Aerospace has been a leader in the aerospace defense industry. Like many small businesses in rural locations, it struggled to obtain the financing it needed to secure new contracts essential for growth. In 2015, Advantage Capital provided flexible funding in order for ACT to purchase equipment to support a critical contract. A few years later, in 2018, the company sought an additional investment to fund planned growth and fulfill new contracts. Today, the company is the largest private employer in Gunnison, Utah and employs more than 100 people.
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