Participated · Series D · Oct 2022

Soli Organic operates a soil-based, indoor farming platform that produces 100% USDA-certified organic culinary herbs and other produce. The company supplies products to more than 20,000 stores nationwide, including Kroger, Target, Walmart and Whole Foods. Soli emphasizes unit economics and has historically reinvested profits into technology development rather than relying heavily on venture capital. It has introduced competitively priced SKUs such as 'Indolce' basil, positioned nearly a dollar less per ounce than field-grown organic basil. Soli plans to expand its nationwide footprint to a total of 15 high-tech farms in strategic regions (Mid-Atlantic, Southeast, Pacific Northwest) while identifying sites in the Midwest and Northeast. The company operates from Rockingham, Virginia and was founded in 1989 (originally as Shenandoah Growers). Shenandoah Growers, founded in 1990 and based in Harrisonburg, Va., produces certified organic live potted herbs and fresh-cut herbs for leading U.S. food retailers. The company operates more than 260,000 square feet of greenhouse space across facilities in Virginia, Indiana, Georgia and Texas. Management says it will expand use of state-of-the-art greenhouses in Virginia and deploy proprietary new technologies across its multi-regional operations. Shenandoah has positioned itself as a leading supplier to retail grocers and emphasizes sustainable, regionally grown produce. The recent capital infusion from investors is intended to support greenhouse expansion and operational innovations.

Led · Series C · Jul 2015

Organica Water has developed a localized wastewater treatment approach centered on its Food Chain Reactor (FCR) units, which use a waste-processing biofilm on natural or engineered root structures housed in odorless greenhouse facilities. Each FCR operates with planted and/or patented biofiber media, giving the treatment sites the appearance of botanical gardens and enabling placement in urban areas. The design aims to preserve surrounding land value, reduce infrastructure costs, and enable cost-efficient reuse of treated effluent. The company reports operating over 100 facilities around the globe. Organica is led by CEO Ari Raivetz and maintains offices in Princeton (NJ), Budapest, New Delhi, Shanghai and Jakarta. Financially, the company completed a $21m Series D financing as reported. Organica Water designs and operates wastewater treatment and recycling systems that use a waste-processing biofilm growing on natural (plant) and engineered (patented biofiber media) root structures housed in fully enclosed, odorless greenhouse facilities. Its flagship offering is the Organica Food Chain Reactor (FCR), an Integrated Fixed-Film Activated Sludge (IFAS) system that uses a fixed-bed biofilm on plant and biofiber media. The company was founded in 1998 and is led by CEO Ari Raivetz. Organica is headquartered in Princeton, NJ and maintains offices in Budapest, New Delhi, Shanghai and Jakarta. The business completed a $9.1M Series C financing, with a second tranche to follow, indicating continued capital support for its technology and expansion. No revenue or user metrics were disclosed in the article. Organica Water is a global provider of wastewater treatment and recycling solutions centered on its Organica Food Chain Reactor (FCR). The FCR is an Integrated Fixed‑Film Activated Sludge (IFAS) system that uses a fixed‑bed biofilm growing on both natural (plant) and patented biofiber root structures. Each FCR is housed in a fully enclosed, odorless greenhouse that resembles a botanical garden, allowing WWTPs to be placed adjacent to wastewater sources while preserving surrounding land value. Founded in 1998 and led by CEO Ari Raivetz, the company has contracts worldwide and offices in New Delhi, Shanghai and Princeton, NJ. Organica completed a Series B financing in 2013 (amount undisclosed) and plans to use proceeds for global expansion, to launch a hosted WWTP design platform in 2014, for continued R&D, and for general working capital.

Participated · Equity · Jun 2014

FilterBoxx designs, supplies and operates water and wastewater treatment systems for industrial, municipal, resort and aboriginal clients. It operates through subsidiaries FilterBoxx Packaged Water Solutions, which supplies standard and custom treatment systems, and FilterBoxx Energy Services, which provides rental equipment, services and plant operations to a rental fleet. FilterBoxx Energy Services also supports the company’s Design-Build-Own-Operate (DBOO) plants operating throughout Canada and the USA. The company is led by CEO Larry Novachis. FilterBoxx intends to use recent funding to expand into new and emerging markets while continuing to grow in Alberta. The business model spans equipment sales, rentals, services and operating contracts across North America. FilterBoxx supplies packaged potable water and wastewater treatment systems through a rental fleet and capital sale program for industrial and municipal customers. It serves drilling, mining and pipeline camps, small municipalities, resorts, aboriginal communities and major oil and gas producers, supporting SAGD water reuse, boiler feed water treatment and metals removal. The company has been in operation since 2001 and has systems deployed in Canada and the USA. FilterBoxx closed a $9 million follow-on investment with XPV Capital and EnerTech Capital. The company says the financing will be used to expand existing business lines and move into emerging areas, including tailings pond treatment and offshore oil and gas water treatment. Company and investor statements emphasize strategic and development support to add advanced technologies and help FilterBoxx transition toward a larger global role in water and wastewater treatment and reuse.

Led · Equity · Nov 2013

Therma-Flite is a Benicia, California-based clean technology company that provides proprietary processing systems for municipal wastewater treatment and thermal desorption systems for the oil and gas industry. Its Bio-Scru® technology enables energy-efficient, automated conversion of wastewater solids into Class A biosolids that can replace chemical fertilizers in parks and recreational areas. The Holo-Scru® thermal desorption systems are used to remediate sludges containing high levels of water, diesel and crude oil. Led by CEO Mike Potter, the company intends to use new funding to introduce new products within its core markets and to expand its plants in Benicia and El Dorado, Arkansas. The company recently closed a $7.5M equity financing with XPV Capital.

Led · Equity · Oct 2011

BCR Environmental develops proprietary, low-cost technologies to recycle organic waste streams—including wastewater biosolids—into odor-free, high-quality compost and soil amendments. Its solutions are designed to lower capital and operating costs versus conventional treatment systems while cutting energy use and the carbon footprint of wastewater treatment. The company is led by President and CEO Aaron Zahn. BCR intends to use the proceeds from its financing to pursue market expansion and broaden its solutions. The firm raised institutional capital in its first institutional financing round to support those growth plans. The company is based in Jacksonville, Florida.