糖心视频

As energy prices soar and environmental concern grows, startups that help companies manage their energy usage and carbon footprint continue to generate interest from VC and private equity firms.

The latest example is $500 million investment in Shelton, Connecticut-based , a startup that provides 鈥嬧�媍ompanies equipment and systems to manage their energy use.

The investment gives Partners a majority stake in the company, with early investor exiting Budderfly. Edison first invested in Budderfly in June 2017鈥攚hen it led an initial $22 million financing round鈥攁nd later participated in follow-on rounds where Budderfly raised an additional $55 million in June 2019.

鈥淓xit opportunities still exist in this economic climate,鈥� said , managing partner at Edison Partners.

Budderfly describes itself as an energy-efficiency-as-a-service provider. The startup works with retailers, restaurants and other businesses with repeatable footprints to monitor and manage their energy consumption and reduce their carbon footprint.

The company, founded in 2007, had raised $82 million before this majority stake transaction, according to Crunchbase data.

Big money

The deal is the latest example of investment firms’ interest in the ESG space鈥攚hich now even includes private equity. It is the latest in a series of large financing rounds that have gone to companies in the sector.

Just last week, funds managed by private equity giant energy-focused investment business鈥斺�攃辞尘尘颈迟迟别诲 $400 million to lead a strategic investment in . The New York-based company has developed a market-infrastructure platform for global carbon and environmental commodities鈥攍ike voluntary carbon offsets or energy credits.

In May, France-based bought half of stake in for a $1.6 billion investment. The San Francisco-based renewable energy developer is one of the largest developers and operators of clean energy in the U.S.

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