Advantage Capital invested over $14 million in three Nevada-based businesses to stimulate economic growth and job creation in the region.

Information on the Target

Advantage Capital, alongside its partners, has made significant investments in Nevada businesses, aiming to foster economic growth and community resilience. Recently, the firm allocated over $14 million in capital to three outstanding Nevada-based companies: Kimmie Candy, The Neato Company, and Noovo. Each of these organizations exemplifies the benefits of impact-driven financing in scaling operations and fostering economic advancement across the state.

Kimmie Candy, established in Reno in 2000, has gained national recognition for its chocolate-coated snacks, such as ChocoRocks® and Sunbursts™, which are sold through well-known retailers including World Market, Hobby Lobby, and Amazon. The latest investment of $6.8 million in senior debt financing was utilized to refinance high-interest loans, thereby reducing overall debt and enabling greater financial flexibility. This move not only stabilized the company’s operations but also retained 41 jobs while creating 10 new positions within one of Washoe County’s economically challenged areas.

Industry Overview in Nevada

Nevada's economy is diverse, with strong contributions from sectors such as tourism, technology, and manufacturing. Over the recent years, the state has seen significant growth in entrepreneurial activity, particular