Venture Fund Member Profile
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Advantage Capital Partners is a private equity firm that invests in promising companies in connection with federal, state and local economic development initiatives. Since 1992 Advantage has raised more than $700 million in institutional capital and has invested in a wide variety of companies and real estate projects. Targeting its investment activities in geographic areas that are underserved by venture capital, Advantage seeks to generate exceptional returns for its investors as well as for the communities in which it operates.
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Scott Murphy Managing Director, New York Advantage Capital Partners |
Mr. Murphy is an experienced venture capitalist and entrepreneur whose background includes public service. His primary responsibilities include sourcing and closing investments in New York and managing Advantage's New York portfolio. Mr. Murphy joined Advantage in 2001. Prior to Advantage, Mr. Murphy was the principal of his own management consulting practice in New York. Before entering public service, Mr. Murphy founded three different Internet-related businesses: Small World Sports, a pioneer in providing fantasy sports games that was sold to Vulcan Ventures/The Sporting News and is now the engine that runs both Fox Sports and The Sporting News fantasy games; Baazee.com, the leading online auction site in India, that was sold to eBay (Nasdaq: EBAY); and a web consultancy that was sold to IXL, which went public and later merged with Scient.
Representative Investments
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Able Planet Able Planet is a technology solutions provider that addresses the functional limitations of people with disabilities. By addressing these limitations, one can alter the course of everyday living and enhance the quality of life. Through innovations such as the new LinX technology embedded into communication devices such as telephones, stereo headsets and cellular hands free systems, millions of individuals with all degrees of hearing loss have the opportunity to hear more clearly, understand more and share the same choices in life. |
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Flow Logic Flow Logic develops and distributes innovative plant design software for process operations, such as oil and gas, chemicals, food and beverages, pharmaceuticals, power generation, and pulp and paper. The company's family of products is called ACPlant Designer. Advantage's investment is part of a $1.4 million financing round that will be used to reduce debt, hire sales staff and increase working capital. |
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Invision.com Invision.com provides managed network services to middle-market companies. The company offers clients an outsourced solution for web application development, maintenance, monitoring, and connectivity. |
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Synacor Synacor is the leading provider of technology supporting the delivery of unbranded bundled online services. Synacor enables Internet Access Providers to easily bundle a variety of subscription-only premium, entertainment and value added services into their internet access products. |
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| Venture Fund Member Profile |
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