November-December 2013                                              
INSIDE ADVANTAGE

As we celebrate over 20 years of investing, Advantage Capital Partners continues to focus on our core mission of providing capital to small businesses in underserved areas nationwide.  In 2013, Advantage Capital successfully deployed a total of $190 million helping to produce jobs and economic growth in communities that need it the most.  Our investments in 83 companies are helping to create and retain over 3,400 jobs across the country. As we turn our attention to the New Year, we stand ready to continue providing small businesses with the capital they need to succeed and prosper in 2014 and beyond. 

 

In This Issue
Ticker Tape Update
To date, Advantage Capital has partnered with its portfolio companies to help create more than 27,000 jobs nationwide and our investments have resulted in more than $8 billion in follow-on capital.

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Advantage Capital Portolio News

CT portfolio company Greenleaf Biofuels produces 1 millionth gallon of biodiesel

 

Greenleaf Biofuels is a biodiesel processing company committed to producing American-made biofuels from recycled waste materials that will not only help secure U.S. energy dependence, but also provide for a cleaner environment. The company recently announced that as of October 31, 2013 it produced its 1 millionth gallon of biodiesel. In commercial production at its New Haven Terminal location since the summer of 2013, reaching this milestone was a key goal for the company and for the biofuel industry in Connecticut and New England. This fuel will primarily be blended into the region's heating oil supply enabling consumers to heat their homes and businesses with a renewable and American-made product that has been shown to reduce greenhouse gas emissions by up to 88 percent. To read more about Greenleaf Biofuel's recent achievement go here.

 

 Advantage Capital provided a pre-seed investment to Greenleaf Biofuels in 2010. The funding provided the company with working and growth capital, and the ability to fast track their development as well as attracting additional private dollars.
U.S. Defense Department awards $3 million contract to Camgian Microsystems

 

Camgian Microsystems is a leading provider of advanced sensing technologies and solutions to the government and industrial sectors. Named by Inc. Magazine as one of America's fastest growing private companies, Camgian recently garnered a $3 million contract with the U.S. Defense Department to further develop its low-power networked sensor technologies. The award to Camgian comes as part of the Department of Defense's Rapid Innovation Fund program. Under the contract, Camgian will collaborate with SRI International and SENTEL Corporation to advance its technology, which the Army plans to integrate into its standard ground station. To read more go here.

 

Advantage Capital invested in Camgian in 2012 with funds raised in connection with the federal and Mississippi New Markets programs. The initial investment from Advantage Capital prompted an additional $3 million in follow-on funding.

Two Advantage Capital portfolio companies named to Deloitte Technology Fast 500 list

 

The Deloitte's Technology Fast 500™ recently released its list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

 

BinOptics Corporation, a leading manufacturer and supplier of semiconductor lasers for optical connectivity, recently ranked 167 the list. BinOptics grew 678 percent from 2008-2012. Advantage Capital invested in BinOptics in 2011. The investment was made possible through the New York Certified Capital Companies (CAPCO) program. To read more about BinOptics' ranking go here.

 

RepEquity, a digital agency specializing in digital strategy, search engine optimization, online reputation management, social media and mobile and web development ranked 106 on the same list. RepEquity was ranked in the top 10 companies from the Washington, D.C. region. Advantage Capital invested in RepEquity in 2011 with funds raised in connection with the Washington D.C. Certified Capital Company (CAPCO) program. To read more about RepEquity's ranking go here.

 

Advantage Capital portfolio company Glori Energy focuses on the oil left behind after drilling

 

 

Glori Energy is a leader in sustainable, enhanced oil recovery and provider of the Activated Environment for Recovery of Oil (AERO™) System. Traditional drilling techniques employed across the country can leave oil trapped in reservoirs, and Glori has built a business model around recovering what's left behind. Stuart Page, Glori Energy CEO, estimates that as many as 2.4 trillion barrels of oil have been abandoned by companies drilling for oil. Glori's AERO system offers a solution by freeing up the trapped oil in a way that doesn't take brute force or additional drilling. To read more about Glori's unique technical innovation go here.

 

Advantage Capital invested in Glori in 2012 with funds raised in connection with the Jobs for Texas (J4T) program. Enacted in 2011, J4T provides much-needed access to capital for small businesses across the state of Texas.

 

Prioria Robotics to provide drones to Army

 

Founded in 2003 by business and engineering graduates from the University of Florida, Prioria Robotics, Inc. is a leader in the development of small unmanned aerial systems (UAS) for civilian and military use. The company was recently awarded $4.5 million worth of contracts to produce 36 UAS and 12 ground control stations for the U.S. Army. In August, Prioria announced that it was awarded three contracts; two from universities and one from the U.S. Government. Prioria also announced that the Army contracts will allow the company to meet its goal of creating 40 new jobs over the next four years. To read more about Prioria's new contract go here.

 

Advantage Capital invested in Gainesville-based Prioria in 2012 with funds raised in connection with the federal New Markets Tax Credit program and the Florida New Markets Development program. The investment enabled the company to move into a new 22,000 square foot facility.

CT portfolio company LiveClips partners with DirecTV on NFL Sunday Ticket application

 

LiveClips, an innovator and pioneer in the creation, digitization and real-time delivery of smart video clips to sports fans via internet-enabled mobile devices, was recently chosen by DirecTV to power the delivery of personalized video content to its NFL Sunday Ticket application. The DirecTV partnership and investment in LiveClips is meant to boost its mobile and online app experiences. Partnering with DirecTV will enable LiveClips to participate in the explosive growth associated with the delivery of personalized video content to NFL fans' device of choice. To read more go here.

 

Advantage Capital partnered with Avon-based investment management firm Ironwood Capital in 2012 to provide funding to LiveClips via the Connecticut Insurance Reinvestment Fund program, which is administered by the Connecticut Department of Economic and Community Development.

About Advantage Capital Partners
Advantage Capital Partners is a leading venture capital and small business finance firm focused on providing growth capital and other investments supporting state and local economic development efforts. The firm's typical forms of investment include venture, expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending.  With offices and partners in New Orleans, St. Louis, Chicago and other U.S. cities, Advantage Capital has invested more than $1.4 billion since 1992.  The firm invests in small businesses located in geographic areas underserved by traditional capital and in companies in a wide range of industries.
About the federal New Markets Tax Credit program
The New Markets Tax Credit program, administered by the U.S. Department of Treasury, encourages private-sector investment in economically distressed communities through tax incentives. In a highly competitive allocation procedure, the Treasury Department awards the tax credits based on applications submitted for each round. Advantage has participated in the New Markets program since 2002, raising private capital for investment in low-income communities. These investments have spurred economic growth through innovative business ventures and job creation throughout the United States.
About state New Markets Tax Credit programs
In addition to the federal New Markets Tax Credit program, Advantage Capital also participates in a number of state-level New Markets programs, which attract investment in low-income communities through a state tax credit modeled after the federal program. The goal of these initiatives is to attract large, long-term investors to a state's low-income communities, promoting new expansion, creating new job opportunities and building on existing growth in the state. Advantage Capital participates in state-level New Markets programs in Louisiana, Missouri, Illinois, Florida, Mississippi, Kentucky, Oregon, Maine, Alabama, Arkansas, Nevada and Nebraska.
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