The Venture Codex

Led · Equity · Oct 2020

Budderfly provides turnkey energy infrastructure and Energy-as-a-Service solutions, installing, monitoring, and managing equipment upgrades and proprietary energy software across HVAC, lighting, refrigeration, controls, and water technologies. The company delivers projects under long-term service agreements that preserve customer capital while generating predictable, long-term cash flows and measurable cost and emissions reductions. Budderfly serves industries including restaurants, retail, healthcare, and manufacturing and reports helping customers avoid more than 330,000 metric tons of carbon emissions to date. Financially, Budderfly achieved positive EBITDA in 2025 and has secured more than $1.1 billion in total capital access across equity, corporate debt, and project financing. The company has expanded project debt facilities to $550 million and recently closed a corporate debt facility expansion with Nuveen EIC; Nuveen’s cumulative commitment exceeds $300 million. Budderfly is headquartered in Shelton, Conn., and has been recognized on the Inc. 5000 list for five consecutive years, the Deloitte Technology Fast 500 from 2023–2025, and received multiple accolades from Fast Company and TIME.

Led · Equity · Oct 2016

GigaTrust provides email security and document protection software products for Windows PCs, tablets and smartphones, including users of Microsoft Office 365. Its GigaCloud service offers secure content protection, consumption and collaboration capabilities. GigaCloud also includes security, policy and compliance reporting plus external collaboration features designed to meet enterprise document security requirements. The service integrates with cloud file-sync and sharing services such as Dropbox, OneDrive and Google Drive. It is available as a multi-tenant offering or in private cloud configurations for enterprises requiring added security features and administrative control. Led by founder, chairman and CEO Robert Bernardi, the company will use the $20 million funding to expand its cloud offering.

Participated · Equity · Jun 2015

RxSight commercializes the Light Adjustable Lens, an intraocular lens that can be precisely reshaped after implantation using the company’s Light Delivery Device to achieve a customized prescription. The optimization is performed in office through a series of short light treatment procedures after the lens has been implanted and healed. The company says approximately 100 leading U.S. surgeons are currently using the Light Adjustable Lens to deliver customized vision outcomes. RxSight intends to continue commercial expansion and technology innovations in the premium cataract surgery market. Financially, the company closed a $60 million senior secured term loan to support operations; the funds will be used for general working capital, including sales and marketing and research and development. RxSight is based in Aliso Viejo, California. Calhoun Vision has developed the first light adjustable intraocular lens that allows physicians to change lens power after cataract surgery. Its proprietary Light Adjustable Lens (LAL) uses light to enable postoperative power adjustments and aims to provide customizable visual outcomes. The company recently completed enrollment of a 600-patient Phase III study of its technology. Proceeds from its financing will be used to support the U.S. FDA pre-market process, advance the product pipeline, strengthen the team, and execute a commercial strategy. The LAL is investigational and is not approved or cleared for sale within the U.S. Calhoun positions itself to transform the landscape of cataract surgery for patients and physicians.