# Budderfly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/budderfly

- Industry: Power & Utilities
- Headquarters: Shelton, US
- Website: www.budderfly.com
- Total disclosed funding: $7.8M
- Latest round: Series C (Oct 21, 2020)
- Investors on record: 3

## About

Budderfly LLC, based in the US, specializes in providing energy-as-a-service solutions that enhance energy efficiency for businesses, enabling them to reduce costs and environmental impact effectively.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. The investment target was Budderfly, reflecting its strategic focus on energy efficiency.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 serves a diverse client base, including small to medium-sized enterprises and larger corporate partners across the United States, positioning itself as a partner in the journey to net-zero energy consumption.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. Pricing structures are based on the specific equipment installed and energy savings realized, creating a mutually beneficial arrangement tailored to each client's operational needs.Following the acquisition on July 11, 2022, Budderfly is positioned for continued growth amid increasing market demand for cost-effective decarbonization solutions. The recent funding will support the company's strategy to enhance its service offerings and expand into new markets, focusing on further geographical expansion across the US. 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.

## Funding rounds

- Series C, Oct 21, 2020, $7.8M — Edison Partners, Connecticut Innovations, Balance Point Capital

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series C
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series C
- Balance Point Capital (https://capitalatlas.ai/funds/balance-point-capital) — Series C