Tech Company Financing Transactions

Budderfly Funding Round

Budderfly, based in Shelton, secured $7.8 million from Balance Point Capital, Edison Partners and Connecticut Innovations.

Transaction Overview

Company Name
Announced On
10/23/2020
Transaction Type
Venture Equity
Amount
$7,800,000
Round
Undisclosed
Investors

Balance Point Capital (Lead Investor) (Seth Alvord)

Edison Partners (Lead Investor)

Connecticut Innovations

Proceeds Purpose
The funds will enable the company to expand its national presence, particularly with third-party installers and real estate management companies that have relationships with QSRs, and accelerate sales and marketing efforts.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
2 Trap Falls Rd. 500
Shelton, CT 06484
USA
Email Address
Overview
Budderfly is disrupting the energy industry by leading the digital transformation of energy consumption through its unique Energy-as-a-Service model.
Profile
Budderfly LinkedIn Company Profile
Social Media
Budderfly Company Twitter Account
Company News
Budderfly News
Facebook
Budderfly on Facebook
YouTube
Budderfly on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Al Subbloie
  Al Subbloie LinkedIn Profile  Al Subbloie Twitter Account  Al Subbloie News  Al Subbloie on Facebook
Chief Financial Officer
Peter Dacey
  Peter Dacey LinkedIn Profile  Peter Dacey Twitter Account  Peter Dacey News  Peter Dacey on Facebook
VP - Bus. Development
Matthew Nemerson
  Matthew Nemerson LinkedIn Profile  Matthew Nemerson Twitter Account  Matthew Nemerson News  Matthew Nemerson on Facebook
VP - Customer Service
Paul Schmidt
  Paul Schmidt LinkedIn Profile  Paul Schmidt Twitter Account  Paul Schmidt News  Paul Schmidt on Facebook
VP - General Counsel
Thomas Flynn
  Thomas Flynn LinkedIn Profile  Thomas Flynn Twitter Account  Thomas Flynn News  Thomas Flynn on Facebook
VP - Operations
Lee Kaufman
  Lee Kaufman LinkedIn Profile  Lee Kaufman Twitter Account  Lee Kaufman News  Lee Kaufman on Facebook
VP - Product Management
Chris DeBenedictis
  Chris DeBenedictis LinkedIn Profile  Chris DeBenedictis Twitter Account  Chris DeBenedictis News  Chris DeBenedictis on Facebook
VP - Sales
William Lynch
  William Lynch LinkedIn Profile  William Lynch Twitter Account  William Lynch News  William Lynch on Facebook


 

 

Browse more venture capital transactions:

Prev: 10/23/2020: Arctic Wolf Networks venture capital transaction
Next: 10/23/2020: AiDash venture capital transaction

 

Share this article

 


Where The Data Comes From

We report on funding rounds that are announced publicly. VC investment data records reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary