Budderfly

Energy management and efficiency solutions provider

Shelton, Connecticut, United States

About Budderfly

Budderfly specializes in energy management services aimed at helping businesses reduce their energy consumption and carbon footprint. They target various commercial clients, such as restaurants and retail stores, by improving their energy infrastructure and providing cost savings. Budderfly operates on an "Energy as a Service" (EaaS) model, which allows them to install energy-efficient technologies like HVAC systems and LED lighting without requiring upfront costs from clients. Instead, they share in the savings generated from lower energy bills, creating a mutually beneficial arrangement. This approach not only supports financial savings for businesses but also encourages the adoption of sustainable practices. Budderfly's goal is to transform energy usage by minimizing waste and enhancing efficiency, ultimately contributing to net-zero energy objectives and promoting sustainability on a larger scale.

Shelton, ConnecticutHeadquarters
2007Year Founded
$82.5MTotal Funding
DEBTCompany Stage
EnergyIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan

Risks

Increased competition in the Energy-as-a-Service market may pressure Budderfly's market share.
Rapid tech advancements may require continuous R&D investment to avoid obsolescence.
Economic downturns could reduce client spending on energy efficiency upgrades, affecting revenue.

Differentiation

Budderfly offers a unique Energy-as-a-Service model with no upfront costs.
The company uses IoT devices for precise energy consumption control and optimization.
Budderfly's model aligns sustainability with profitability, benefiting both the company and clients.

Upsides

Budderfly secured $400M to accelerate clean energy technology adoption in mid-market sectors.
Partnerships with organizations like Perry School expand sustainability solutions to nonprofits.
Corporate partnerships, like with Craveworthy Brands, demonstrate scalability and impact of solutions.

Funding

Total raised$82.49 M
Latest valuation$275.00 M
StageDEBT