Advantage Capital Partners Awarded $75 Million Allocation in New Markets Tax Credits

New Orleans-based investment firm Advantage Capital Partners has been awarded $75 million by the New Markets Tax Credit program, bringing the total awards received by the firm since 2002 to roughly $600 million. The New Markets Tax Credit program was established by Congress 13 years ago to increase investing in low-income communities; it  allows individuals and companies to get tax credit against federal income taxes in exchange for equity investments in community development entities.

QuaDPharma Secures Financing for Expansion

QuaDPharma has secured $1 million financing from Rand Capital SBIC and Advantage Capital Partners. QuaDPharma manufactures and tests small-batch pharmaceuticals. The funds will be used to expand and market the commercial capabilities of the business.

Murphy Rejoins Advantage Capital as Chief Investment Officer

Scott Murphy has rejoined Advantage Capital Partners as chief investment officer. Murphy recently served as a U.S. Congressman where he represented New York’s 20th Congressional District from 2009-2011. Before that, Murphy worked at Advantage, a VC and small business finance form, from 2001 to 2009.

3DR Laboratories Raises $7.2M from Advantage Capital Partners

3DR Laboratories, a Louisville, Kentucky-based provider of 3D imaging systems to hospitals, image centers and teleradiology firms, has raised $7.2 million from the venture firm Advantage Capital Partners, in connection with federal and state development funding. PRESS RELEASE: Advantage Capital Partners, a leading venture capital and small business finance firm, has invested $7.2 million in 3DR Laboratories, […]

Prioria Robotics gets $5.5M From Athenian, Advantage Capital, Florida Gulfshore

Prioria Robotics said it completed the final tranche of a $5.5 million Series C round with Athenian Venture Partners joining lead investor Advantage Capital Partners and existing investor Florida Gulfshore Capital. No further explanation of the round or its timing was provided. PRESS RELEASE Athenian Venture Partners Joins $5.5M Round of Financing for Prioria Robotics […]

Google Strikes a Deal with Quickoffice

Google will acquire Quickoffice a leader in office productivity solutions. Specifics of the deal were not publicized; Quickoffice backers include Shea Ventures, Shepherd Ventures, Access Industries, Mayfield Fund, and Advantage Capital Partners. GOOGLE ANNOUNCEMENT: We’re happy to announce that we have acquired Quickoffice, a leader in office productivity solutions. Today, consumers, businesses and schools use […]

LiveClips Seals $2.15M

 LiveClips, which makes technology designed to deliver video clips to sports and fantasy league fans via Internet-enabled and mobile devices, has raised $2.15 million in funding. Investors include Advantage Capital Partners and Ironwood Capital Connecticut, the company said. PRESS RELEASE LiveClips(TM), an innovator and pioneer in the creation, digitization and real-time delivery of smart video […]

BinOptics Closes $13.3M

Ithaca-based BinOptics Corp., a maker of lasers and monolithically integrated optoelectronic components, has raised $13.3 million in new funding. New investors Advantage Capital Partners, Enhanced Capital Partners, Gefinor Ventures, Onondaga Venture Capital Fund and Rand Capital participated in the round, as did existing shareholders ArrowPath Venture Partners, Cayuga Venture Fund, Draper Fisher Jurvetson and FA Technology Ventures. The new funding will go toward development and expansion efforts.

Intel-backed Synacor Revives IPO Plans

(Reuters) – Synacor Inc, partly owned by Intel Corp, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years. In a filing with the U.S. Securities and Exchange Commission, the company — which builds Internet software tools […]

Advantage Capital Partners Brings Aboard New Principal

Advantage Capital Partners, a venture firm based in St. Louis, Miss., has hired a new principal, Timothy Hassler. Hassler joins the firm from Patriot Capital Funding, which he cofounded and where he served as COO and CIO. PRESS RELEASE: Advantage Capital Partners, a leading venture capital and small business finance firm, is proud to welcome […]

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