Budderfly has expanded its debt facility to $550 million, including a $250 million upsizing led by Global Infrastructure Partners with participation from Vantage Infrastructure, to accelerate deployment of its energy-as-a-service platform across U.S. commercial facilities.
The facility also includes a $100 million accordion feature. Budderfly provides financing and management of energy infrastructure upgrades for commercial customers, enabling efficiency improvements without upfront capital investment.
The additional funding will support expansion across the U.S. mid-market, where businesses face rising energy costs and grid constraints. The company deploys technologies such as energy-efficient equipment, intelligent building controls and demand management systems.
“Global Infrastructure Partners’ commitment, along with continued investment from Vantage Infrastructure, is critical to scaling a capital-intensive business like Budderfly,” Al Subbloie, CEO of Budderfly, said. “This expansion of our debt facility strengthens our ability to own the upfront investment, manage performance over time, and deliver measurable energy and cost-saving outcomes for our customers. It reflects confidence in our model and positions us to continue removing friction for commercial operators as they modernize and decarbonize their facilities.”
The expansion builds on Budderfly’s existing capital base, including $500 million in equity backing from Partners Group in 2022, with continued support from Vantage Infrastructure and Nuveen.
