- Budderfly, a Shelton, Conn.-based energy efficiency as a service (EEaaS) provider, raised $7.8m in funding
- The round was co-led by Edison Partners and Balance Point Capital, with additional participation from Connecticut Innovations
- The funds will enable the company to expand its national presence, particularly with third-party installers and real estate management companies
- Budderfly provides energy savings and utility expense management services for quick service restaurants (QSRs)
- Then the platform 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
