MILLSTONE CAPITAL ADVISORS, LLC
MILLSTONE CAPITAL ADVISORS, LLC is a Seed, Series C+, buyout, debt and other fund in the US and US-Midwest writing $4M–$6M checks into Developer Tools, Fintech, Healthcare, restaurants, manufacturing, information-technology, industrial-supplies-and-parts, services, restaurants-and-bars and energy-and-environment.
- Stages
- Seed, Series C+, buyout, debt, other
- Sectors
- Developer Tools, Fintech, Healthcare, restaurants, manufacturing, information-technology, industrial-supplies-and-parts, services, restaurants-and-bars, energy-and-environment
- Check size
- $4M–$6M
- Invests in
- US-wide, US-Midwest
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- $30M
- Website
- millstoneca.com
Thesis
Millstone Capital Advisors is a St. Louis-based private equity firm founded in 2012, focusing on providing direct investments and strategic assistance to small to mid-sized companies. Their investment thesis centers on majority or control equity investments, with flexibility for debt or mezzanine financing, often involving management buyouts, family business transitions, or recapitalizations. They target companies with an EBITDA between $1M and $5M, seeking businesses with aligned strategies or growth potential where their expertise can accelerate expansion. While specific AUM is not disclosed, they have launched two funds, each with a planned offering of $30M. Their typical check size ranges from $4M to $6M. The firm has a broad industry focus including restaurants, manufacturing, financial services, infrastructure, healthcare, IT, industrial supplies, services, and energy/environment, with a primary geographic focus on the US Midwest but open to investments nationwide.
Common questions
Does MILLSTONE CAPITAL ADVISORS, LLC invest at the Seed stage?
Yes. MILLSTONE CAPITAL ADVISORS, LLC lists Seed, Series C+, buyout, debt and other among the stages it invests in.
What check size does MILLSTONE CAPITAL ADVISORS, LLC write?
MILLSTONE CAPITAL ADVISORS, LLC writes $4M–$6M checks.
Where does MILLSTONE CAPITAL ADVISORS, LLC invest?
MILLSTONE CAPITAL ADVISORS, LLC invests in the US and US-Midwest.