Budderfly
Latest round
- Series C
Last raised
- Oct 2020
Total raised
- $7.8M
Investors
- 3
About Budderfly
Founded in 2007 and headquartered in Shelton, US, Budderfly LLC develops innovative energy solutions for various sectors. The CEO and founder, Al Subbloie, has a history of entrepreneurial ventures. In July 2022, Partners Group acquired a majority stake in Budderfly LLC for USD 500 mn from Edison Partners, Connecticut Innovations, and Balance Point Capital. The company has completed 6 deals in total, with the most recent deal date being July 11, 2022.Budderfly offers a comprehensive energy-as-a-service model designed to enhance energy efficiency for businesses across various sectors, including hospitality, healthcare, retail, and education. The company provides high-efficiency equipment upgrades and ongoing maintenance at no upfront cost, allowing clients to lower their energy usage and costs without financial risk. Their services encompass the installation of technology that reduces energy waste and enables clients to measure the impact of their energy consumption effectively.Budderfly generates revenue through its unique energy-as-a-service model, fostering partnerships where clients receive energy-efficient upgrades that lead to immediate cost savings on their energy bills. The company invests its capital upfront to install necessary equipment and maintains the facilities, with clients paying a monthly bill that reflects their reduced energy usage. This model aligns Budderfly's financial success with the efficiency achieved by its clients, as revenue is earned only when facilities operate more efficiently.Following the acquisition on July 11, 2022, Budderfly is positioned for continued growth amid increasing market demand for cost-effective decarbonization solutions. Budderfly aims to develop and launch new products that will enhance its energy efficiency solutions, aligning with its commitment to addressing the growing demand for sustainable energy practices.
Who invested in Budderfly
3 investors across 1 round
See all investors in Budderfly
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series C
Oct 21, 2020
Amount
$7.8M
Investors
Questions about Budderfly
Who invested in Budderfly?
Budderfly has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Budderfly raised?
Budderfly has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Budderfly last raise money?
Budderfly's most recent round on record is a Series C, in Oct 2020.
What does Budderfly do?
Founded in 2007 and headquartered in Shelton, US, Budderfly LLC develops innovative energy solutions for various sectors.
Where is Budderfly headquartered?
Budderfly is headquartered in Shelton, US.
Which VCs invest in companies like Budderfly?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at Budderfly's stage. Their profiles are linked below.
VCs backing power & utilities startups at Series C
Raising like Budderfly? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.