Budderfly

Budderfly

Energy management and efficiency solutions provider

About Budderfly

Simplify's Rating
Why Budderfly is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Energy

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$82.5M

Headquarters

Shelton, Connecticut

Founded

2007

Overview

Budderfly specializes in energy management services aimed at helping businesses reduce their energy consumption and carbon footprint. They provide solutions like efficient HVAC systems and LED lighting through a model called "Energy as a Service" (EaaS), which allows clients to implement energy-saving technologies without any upfront costs. Instead, Budderfly covers the installation expenses and shares in the savings generated from lower energy bills with their clients. This approach not only makes energy efficiency financially viable for businesses but also promotes sustainability. Budderfly's goal is to transform energy usage by minimizing waste and enhancing efficiency, ultimately helping clients achieve net-zero energy goals while improving their operational performance.

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Significant Headcount Growth
Simplify Jobs

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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Funding

Total Funding

$82.5M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

↑ 34%

1 year growth

↑ 34%

2 year growth

↑ 34%
Fast Casual
Aug 13th, 2024
Budderfly to create virtual power plants

Reducing energy usage can lower restaurants' costs and shrink carbon footprints, which is why Budderfly, an energy-as-a-service provider for franchises, has acquired a grid-edge distributed energy resource management system from Sunverge Energy.

Business Wire
May 16th, 2024
Budderfly Partners With Perry School Community Services Center To Expand Sustainability Solutions For Low-Income Communities

SHELTON, Conn. WASHINGTON--(BUSINESS WIRE)--Budderfly, the premier Energy as a Service (EaaS) partner for institutional and commercial facilities, today announced a partnership with the Perry School Community Services Center, Inc. (PSCS or Perry Center), to deploy energy-saving technology at the organization’s community center in Washington, D.C. This partnership expands Budderfly’s footprint in the nonprofit sector and underscores the unique ability of the company’s business model to scale access to sustainability solutions and cost savings, from mid-market businesses to public institutions and nonprofit organizations. Founded in 1991 to address issues of chronic poverty in the North Capitol Street area of Washington, D.C., the Perry Center’s tenants provide services in youth development, economic empowerment, and social services. The organization is housed in an historic landmark building, originally built as M Street High School which opened in 1891 as the first high school in the U.S

Business Wire
May 16th, 2024
Budderfly Partners with Perry School Community Services Center to Expand Sustainability Solutions for Low-Income Communities

Budderfly partners with Perry School Community Services Center to expand sustainability solutions for low-income communities.

Business Wire
Apr 9th, 2024
Budderfly And Craveworthy Brands Announce Corporate Partnership To Accelerate Sustainability For Restaurants

SHELTON, Conn. SOUTH ELGIN, Ill.--(BUSINESS WIRE)--Budderfly, the premier sustainability partner for businesses with repeatable footprints, today announced a corporate partnership with restaurant platform company Craveworthy Brands to drive down energy consumption at Cravewothy’s corporate and franchise-owned restaurants. Craveworthy Brands owns, operates, and franchises multiple restaurant brands across the country, including Genghis Grill: where Budderfly’s Energy as a Service (EaaS) offering will first be rolled out to 21 corporate-owned restaurant locations and 11 franchise locations over time, generating an estimated 30 percent reduction in energy usage at each site. This corporate partnership underscores the impact and scalability of Budderfly’s solution. The cost-saving and sustainability outcomes stemming from this partnership will establish a new benchmark for sustainability across the approximately 200 other current and planned restaurant locations within the Craveworthy umbrella. Craveworthy Brands is a restaurant hospitality platform that connects brands with solutions across all aspects of operations, to help grow their business, including advising owners and operators on essential technology stacks that improve operational efficiencies and support sustained innovation

Fast Casual
Apr 9th, 2024
Craveworthy Brands cutting energy use

Craveworthy Brands, which owns multiple restaurant brands, including Genghis Grill, is partnering with Budderfly to drive down energy consumption at its corporate and franchise-owned restaurants.

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