Success Stories and News
SHELTON, CT – March 14, 2020 – Leading provider of business energy management solutions Budderfly Inc. was recently recognized as one of the world’s Top 10 Energy Startups by EnergyStartup.org. “Budderfly’s mission is to save energy, money, and the world,” said Budderfly founder and CEO Al Subbloie. “Our focus is on the financing and technology solutions that make energy efficiency effortless and risk-free for our customers.”
BRIDGEPORT, CT – October 19, 2019 – Budderfly Inc. (budderfly.com), a leading provider of energy management solutions and its founder Al Subbloie Jr. were recently cited by the Connecticut Post’s CT Insider section for their rapid growth and game-changing approach to financing energy upgrades for their business customers.
Shelton-based Budderfly, a pioneer in the corporate energy efficiency-as-a-service industry, on Tuesday announced it had raised $55 million in new growth equity and project debt funding. The financing round was led by Balance Point Capital of Westport with participation from Connecticut Innovations. Budderfly is the brainchild of software entrepreneur Albert R. Subbloie Jr., who founded Tangoe Inc. and served as its chief executive from 2000 to 2016. Before that he founded and headed Information Management Associates (IMA) from 1990 to 2000.
SHELTON, CT., June 25, 2019 –Budderfly, a leading pioneer in the Energy Efficiency as a Service market, today announced new $55 million in growth equity and project debt funding led by Balance Point Capital with participation by Connecticut Innovations. This funding, together with the previous $22 million funded over the past 24 months by Edison Partners, Founder and CEO Al Subbloie, Budderfly senior management, the State of Connecticut through the Department of Economic & Community Development