Budderfly
Shelton, Connecticut, United States
2024 Revenue
$32.8M(Est.)
Customers
500
Funding
$77M
Avg ACV
$65.5K
Team
283
Founded
2007
Budderfly Revenue & Funding (2024)
Budderfly generated an estimated $32.8M in annual revenue in 2024. Source: GetLatka estimate
Provider of energy management optimization products intended to maximize energy savings. The company's tool brings a combination of software, analytics and locally deployed adaptors for unprecedented visibility and control of energy consumption, implement advanced technologies to measure, monitor, and improve energy consumption, enabling users to consolidate bills and get instant savings on energy spend with zero investment.
Last updated
Budderfly Revenue
In 2024, Budderfly's revenue reached $32.8M. The company previously reported $15.6M in 2023. Since its launch in 2007, Budderfly has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Budderfly Hit $32.8m revenue in October 2024 | Estimated |
| 2023 | Budderfly Hit $15.6m revenue in December 2023 | Estimated |
| 2021 | Budderfly Hit $5.5m revenue in April 2021 | Not recorded |
| 2007 | Launched with $0 revenue |
Budderfly Valuation, Funding Rounds
Budderfly has not publicly disclosed its valuation. The company has raised $77M in total funding to date.
Budderfly has raised $77M in total funding across 2 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $55M | - | - | Not recorded |
| 2017 | Funding round | $22M | - | - | Not recorded |
Founder / CEO
Al Subbloie
CEO
President, CEO and Founder at Budderfly from October 2017 to present. Growth oriented Founder and CEO focused on disrupting the Energy Management space through a unique and highly compelling Energy as a Service technology solution. Experienced Board Member with a demonstrated history of working in the software and managed services industry. Skilled in Enterprise Software, Sales, Strategic Partnerships, Management, and Account Management. Passionate about creating highly successful, disruptive go to market growth models.
Customers
Budderfly serves 500 customers.
Budderfly Employees & Team Size
Budderfly employs approximately 283 people as of 2026, up from 222 in 2023. It serves 500 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 283 employees (October 2024) | Not recorded |
| 2023 | Reached 222 employees (December 2023) | Not recorded |
| 2022 | Reached 135 employees (December 2022) | Not recorded |
| 2021 | Reached 94 employees (December 2021) | Not recorded |
| 2021 | Reached 77 employees (April 2021) | Not recorded |
Frequently Asked Questions about Budderfly
Is Budderfly still an independent company?
No. Budderfly was acquired.
What is Budderfly's revenue?
As of 2024, Budderfly generated an estimated $32.8M in annual revenue.
Who founded Budderfly?
Budderfly was founded by Al Subbloie.
When was Budderfly founded?
Budderfly was founded in 2007.
How much funding does Budderfly have?
Budderfly raised $77M across 2 rounds.
How many employees does Budderfly have?
As of 2024, Budderfly had 283 employees.
Where is Budderfly headquartered?
Budderfly is headquartered in Shelton, Connecticut, United States.
Compare Budderfly to the industry
Budderfly operates across multiple industries. Browse revenue, funding, and growth data for Budderfly in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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