Budderfly, a national leader in the growing Energy Efficiency as a Service market, announced a $7.8 million equity funding round led by Balance Point Capital and Edison Partners with additional participation from Connecticut Innovations.

Budderfly is disrupting the energy industry by leading the digital transformation of energy consumption conservation through its unique Energy Efficiency as a Service model. With no cost to its clients, Budderfly implements proprietary energy intelligence software, energy efficiency upgrades - such as LED lights, HVAC controls, variable frequency drives and refrigeration controls - that span more than 30 savings categories. Budderfly creates networks of patented IoT devices that meter and report on all elements of energy use. Together, these optimize energy usage at the point of consumption within each facility across the enterprise.