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Stonehenge Capital

North America, Ohio, United States, Columbus

Description

Stonehenge Capital, established in 1999, is a prominent national specialty finance company with a diverse investment mandate spanning private equity, tax credit finance, and structured finance. While headquartered in Baton Rouge, Louisiana, the firm maintains a significant presence with offices in key financial hubs, including Columbus, Ohio, as indicated by the user, and New York City. Their comprehensive approach allows them to provide flexible capital solutions across various industries and project types, distinguishing them from traditional early-stage venture capital firms.

In its private equity arm, Stonehenge Capital primarily targets lower middle-market companies, focusing on established businesses with strong growth potential. They typically seek out companies generating between $5 million and $50 million in revenue and $1 million to $10 million in EBITDA. For these growth-oriented equity investments, Stonehenge Capital's typical first cheque sizes range from $5 million to $20 million, providing substantial capital for expansion, acquisitions, or recapitalizations. This focus positions them as a key partner for mature businesses seeking significant capital injections.

Beyond private equity, Stonehenge Capital is a major player in the tax credit finance and structured finance sectors. They specialize in deploying capital into projects that leverage federal and state tax credits, such as New Markets Tax Credits (NMTC), Historic Tax Credits, and Renewable Energy Tax Credits. Since its inception, the firm has demonstrated considerable scale, having successfully raised over $1.3 billion in New Markets Tax Credit allocation alone. Their overall impact is substantial, with more than $12 billion in total capital deployed across their various platforms since 1999, underscoring their significant role in economic development and specialized financing across the United States.

Investor Profile

Stonehenge Capital has backed more than 39 startups, with 0 new investments in the last 12 months alone. The firm has led 4 rounds, about 10% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, India.
  • Strong thematic focus on Software, Health Care, Manufacturing.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series A (38%)
  • Series B (26%)
  • Series Unknown (23%)
  • Undisclosed (3%)
  • Series D (3%)
  • Private Equity (3%)
  • Series C (3%)
  • Seed (3%)

Country Focus

  • United States (97%)
  • India (3%)

Industry Focus

  • Software
  • Health Care
  • Manufacturing
  • Information Technology
  • Biotechnology
  • Electronics
  • Internet
  • E-commerce
  • Energy
  • Security
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Stonehenge Capital frequently co-invest with?

Co-Investments: 3
HighCape Partners
North America, Maryland, United States, Baltimore
Co-Investments: 3
Expansion Capital Partners
North America, New York, United States, New York
Co-Investments: 3
Jemison Investment Company
North America, Alabama, United States, Birmingham
Co-Investments: 3
Connecticut Innovations
North America, Connecticut, United States, Rocky Hill
Co-Investments: 7
Alpina Partners
Europe, England, United Kingdom, London
Co-Investments: 3
Advantage Capital
North America, Louisiana, United States, New Orleans
Co-Investments: 5
Himalaya Capital Ventures
North America, California, United States, Pasadena
Co-Investments: 3
The New York City Investment Fund
North America, New York, United States, New City
Co-Investments: 3
Silicon Alley Venture Partners
North America, New York, United States, New York
Co-Investments: 8

Which angels does Stonehenge Capital often collaborate with?

SK
North America, New York, United States, New York
Shared Deals: 2

What are some of recent deals done by Stonehenge Capital?

Wellinks

New Haven, Connecticut, United States

Wellinks is a wearable health technology company dedicated to improving clinical outcomes.

FitnessHealth CareMedical DevicePersonal HealthSoftwareWellness
Series CNov 3, 2021
Amount Raised: $25,000,000
Flyp Nebulizer

Fairfield, Connecticut, United States

Flyp is a medical device, portable and easier to follow treatment plan for COPD, asthma, and other respiratory conditions.

Health CareMedical DeviceRetail
Series BSep 27, 2019
Amount Raised: $4,000,000
Wellinks

New Haven, Connecticut, United States

Wellinks is a wearable health technology company dedicated to improving clinical outcomes.

FitnessHealth CareMedical DevicePersonal HealthSoftwareWellness
Series BSep 26, 2019
Amount Raised: $14,000,000
Atlantic Beverage Company

Edison, New Jersey, United States

Atlantic Beverage is a food service company.

Food and BeverageSupply Chain Management
Private EquityAug 16, 2018
SmartPay Solutions

New Haven, Connecticut, United States

SmartPay Solutions is a cloud-based compensation platform that helps process payroll, streamline, and manage workers compensation processes.

InsuranceInsurTechSoftware
Series AAug 5, 2016
Amount Raised: $2,100,000
SmartPay Solutions

New Haven, Connecticut, United States

SmartPay Solutions is a cloud-based compensation platform that helps process payroll, streamline, and manage workers compensation processes.

InsuranceInsurTechSoftware
Series AJun 3, 2014
Amount Raised: $1,400,000
iDevices

Canton Center, Connecticut, United States

iDevices develops wireless connectivity-based, app-enabled products for iOS and Android devices.

AppsConsumer ElectronicsWireless
Series UnknownJan 28, 2014
Amount Raised: $4,250,000
Hospicelink

Birmingham, Alabama, United States

Hospicelink has created a nationally recognized , award winning software solution, specifically focused on the unique relationship between

ConsultingHealth CareLocalSoftware
Series BNov 22, 2013
Zilkha Biomass Energy

Selma, Alabama, United States

Zilkha Biomass Energy manufactures a patented wood pellet for baseload renewable energy generation.

BiofuelFuelManufacturingRenewable Energy
UndisclosedAug 6, 2013
Amount Raised: $5,300,000
SmartPay Solutions

New Haven, Connecticut, United States

SmartPay Solutions is a cloud-based compensation platform that helps process payroll, streamline, and manage workers compensation processes.

InsuranceInsurTechSoftware
Series AJun 19, 2013
Amount Raised: $1,250,000