# ButterflyMX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/butterflymx

- Industry: Software
- Headquarters: New York, US
- Website: www.butterflymx.com
- Total disclosed funding: $58M
- Latest round: Series D (Nov 10, 2021)
- Investors on record: 5

## About

ButterflyMX, Inc. is a US-based company that provides innovative property access solutions, specializing in video intercoms and access control systems for multifamily and commercial properties.Founded in 2014 and headquartered in New York, US, ButterflyMX, Inc. offers property access technology that includes video intercoms and access control systems. The company has completed a total of 6 deals, with the most recent round being the Series D funding in January 2025, which raised USD 50.00 mn led by JMI Equity, along with investors such as Egis Capital Partners, RiverPark Ventures, and Volition Capital. The total amount raised by the company stands at USD 50.00 mn, with a current valuation of USD 284.24 mn. Co-founders Cyrus Claffey and Kunal Shah have established a solid foundation within the proptech sector, supported by CEO Aaron Rudenstine.ButterflyMX specializes in innovative property access solutions, offering a comprehensive suite of products that includes video intercoms, access control systems, and security cameras, all managed through a single platform. These products streamline property access for building owners, property managers, residents, and visitors. By facilitating smartphone-based management of entry and security functions, ButterflyMX addresses challenges like physical keycards and the management of multiple access points. Their solutions are utilized in over 17,000 multifamily, commercial, student housing, and gated communities primarily in North America, integrating seamlessly with other proptech systems to enhance operational efficiency.ButterflyMX generates revenue through a subscription-based model that provides ongoing access to its property access and security solutions. Clients include property management companies, real estate developers, and individual property owners, who incur costs for installations and monthly service fees associated with their technology. The revenue structure includes tiered pricing plans based on specific property needs, catering to a wide array of budgets and requirements, particularly for their video intercom systems.In January 2025, FTV Capital, alongside Lead Edge Capital and Fifth Wall, invested in ButterflyMX, Inc. The investment will enhance operational capabilities and accelerate growth. The company is focused on developing new products and expanding into new markets, though specific details on upcoming product releases and targeted geographic regions have not been disclosed.

## Funding rounds

- Series D, Nov 10, 2021, $50M — JMI Equity, Egis Capital Partners, Volition Capital, RiverPark Advisors
- Series C, Sep 29, 2020, $8.4M — Egis Capital Partners, Volition Capital, RiverPark Advisors, Stifel Financial Corp.

## Investors

- Egis Capital Partners (https://capitalatlas.ai/funds/egis-capital-partners) — Series C, Series D
- Volition Capital (https://capitalatlas.ai/funds/volition-capital) — Series C, Series D
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Series C, Series D
- Stifel Financial Corp. — Series C
- JMI Equity (https://capitalatlas.ai/funds/jmi-equity) — Series D