Budderfly

Budderfly

Energy management and efficiency solutions provider

About

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 promotes sustainability. Budderfly's goal is to transform energy usage by reducing waste and increasing efficiency, ultimately helping clients achieve net-zero energy goals while enhancing operational efficiency.

Company Stage

Debt Financing

Employees

201-500

Industries

Energy

Total Funding

$82.5M

Headquarters

Shelton, Connecticut

Founded

2007


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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Budderfly unique

  • 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.

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Growth & Insights
Headcount

6 month growth

33%

1 year growth

33%

2 year growth

33%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

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