# Budderfly funding: rounds and investors

> Budderfly has raised $55M across 1 round since 2019. Investors include Balance Point Capital and Connecticut Innovations. Every round with its source.

Source: https://millionrounds.com/company/budderfly (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Budderfly*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summary Updated 26 Oct 2026

**$55M** raised across 1 round since 2019, from 1 source

- **Latest round:** Debt, $55M Jun 2019
- **Led by:** Balance Point Capital
- **Investors:** 2 (1 led)

See who backed them

## The rounds

- **Jun 2019** Debt **$55M** [Balance Point Capital](https://millionrounds.com/fund/balance-point-capital) Lead [Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) Reported by FinSMEs

## Founders and team

From Budderfly's own website: 19 on the team.

- **Adrien Merveille** Director, Engineering Implementation
- **Beth Crouchet** Director Energy Markets & Resource Planning
- **Bill Butler** Director, Technology Implementation
- **Brendan Pierce** Director of Sustainability
- **Brian Thomas** Controller
- **Briana Ashiotes** Associate General Counsel, Energy & Regulatory
- **Bryn Higley** Director, HVAC Field Operations
- **Eric Jadach** Director, Program Document Control & Customer Support
- **Evelyn Hernandez-Diaz** Director, Field Operations
- **Ken Fassman** Director, Product Management
- **Kenneth Buda** Director, IT Operations
- **Kurt Hoffmann** Director, Energy Performance Engineering
- **Kushang Chaudhari** Director, Solutions Engineering
- **Kyle Bernier** Senior Director, Customer Management
- **Mark Williams** Director, Product Management
- **Megan Fullagar** Senior Director, Brand Marketing
- **Melissa Guarracino** Senior Director, Customer Management Operations
- **Nicholas Cottone** Director, Events Marketing

And 1 more on the team.

## Everyone who backed them

[Balance Point Capital](https://millionrounds.com/fund/balance-point-capital) Private credit **1** round, led 1

[Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=budderfly).

## Quick answers about Budderfly

### Who invested in Budderfly?

Budderfly's investors include Balance Point Capital and Connecticut Innovations. Balance Point Capital led its latest round.

### How much has Budderfly raised?

Budderfly has raised $55M across 1 round since 2019.

### When did Budderfly last raise?

Budderfly's most recent round was a Debt of $55M in Jun 2019, led by Balance Point Capital.

### What was Budderfly's biggest round?

Its most recent round, $55M in Jun 2019, is also its largest on record.

### Who backed Budderfly first?

Budderfly's first round on record, in Jun 2019, was backed by Balance Point Capital and Connecticut Innovations.

### What stage is Budderfly at?

Budderfly's latest named round is a Debt, in Jun 2019.

### Where is Budderfly based?

Budderfly is based in the United States.

### Who led Budderfly's rounds?

Balance Point Capital led the Debt in 2019.

## Companies like Budderfly

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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