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Advection Growth Capital is a merchant bank founded in 2017 and based in New York City. The firm specializes in connecting family offices, ultra-high-net-worth (UHNW) and high-net-worth (HNW) individuals, and institutional investors with high-growth companies. Advection has established itself as a key player in the investment landscape, focusing on sectors such as healthcare, fintech, and food-agtech.
With a team that combines extensive experience in finance, law, and technology, Advection aims to provide strategic insights and operational support to its portfolio companies. The firm operates from its office located at 320 Park Avenue, New York City, and has a total investment of over $210 million across various sectors. Advection Growth Capital has built a reputation for its selective investment strategy, focusing on late-seed, Series A, and Series B funding rounds.
Advection Growth Capital employs a sector-agnostic investment strategy, primarily targeting late-seed, Series A, and Series B funding rounds. The firm seeks to invest in disruptive business models that can transform industries or create new markets through innovation. Advection aims for investments that can yield returns of 5x to 10x from their entry point while managing risk for capital loss.
The firm emphasizes staying close to its portfolio companies, assisting with strategic and operational matters to enhance growth potential. This hands-on approach allows Advection to provide tailored support that aligns with the unique needs of each company. Their focus spans various sectors, including healthcare, fintech, and food-agtech, reflecting a commitment to identifying high-growth opportunities across diverse industries.
Advection Growth Capital has invested in a select group of notable companies, showcasing its diverse investment strategy. The portfolio includes:
This portfolio reflects Advection's commitment to investing in high-growth companies across various sectors, including Aero/DeepTech, Healthtech/Biotech, Fintech, Digital Media, and Food & Beverage.
Greg Kennedy - Founder and Managing Partner. Greg has a diverse background that includes experience at NASA and senior investment banking roles at UBS, Barclays, Credit Suisse, and Morgan Stanley. He also worked as a law clerk for the Ninth Circuit Court of Appeals.
Tim Dana - Partner. Tim brings extensive experience in finance and investment, contributing to Advection's strategic direction and portfolio management.
Mark Rosen - Partner. Mark has a strong background in investment banking and advisory services, playing a key role in identifying and evaluating investment opportunities.
Ray Ibrahim - Vice President. Ray supports the firm's investment activities and works closely with portfolio companies to drive growth and operational efficiency.
To pitch to Advection Growth Capital, founders should visit their website at advectioncap.com or send an email to advection@advectioncap.com. It is recommended to include a comprehensive business plan, financial projections, and details about the team. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In March 2023, Advection Growth Capital made a significant investment in SKUx, a payments technology platform, marking a continued focus on fintech innovations. The firm has also been involved with Skydweller, an aerospace/defense tech company specializing in solar-powered autonomous aircraft, indicating a diverse investment strategy.
Advection's portfolio includes notable companies such as Commonwealth Fusion Systems and Sanas, showcasing their commitment to high-growth sectors. The firm continues to explore new opportunities in various industries, reflecting its sector-agnostic approach.
What are Advection Growth Capital's investment criteria?
Advection Growth Capital focuses on late-seed, Series A, and Series B funding rounds. They seek investments in disruptive business models that can yield returns of 5x to 10x while managing risk for capital loss.
How can founders apply or pitch to Advection?
Founders can pitch their ideas by visiting the firm's website at advectioncap.com or by emailing their pitch to advection@advectioncap.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Advection Growth Capital different from other investors?
Advection operates as a merchant bank, which allows them to provide not only capital but also strategic guidance and operational support to their portfolio companies. Their team has extensive experience in finance, law, and technology, which enhances their ability to assist companies in navigating growth challenges.
What is the geographic scope of Advection's investments?
Advection Growth Capital primarily focuses on investments in North America, targeting high-growth companies across various sectors.
What is the typical check size for investments?
While specific check sizes are not disclosed, Advection typically invests in late-seed, Series A, and Series B rounds, which generally range from hundreds of thousands to several million dollars.
What kind of post-investment involvement does Advection have?
Advection Growth Capital stays closely involved with its portfolio companies, providing strategic and operational support to enhance growth potential. This includes assistance with business development, market strategy, and operational challenges.
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