Egis Portfolio Company ButterflyMX Secures $50 Million in Series D Funding
NEW YORK, Dec. 7, 2021 /PRNewswire/ — ButterflyMX, creator of smart video intercoms, package rooms, keypads, elevator controls, key lockers, and other access control technology for multifamily, commercial, and student housing properties, today announced the closing of a $50 million growth equity round led by JMI Equity, with participation from Volition Capital, Egis Capital, and RiverPark Ventures. This latest round of funding will allow ButterflyMX to provide the real estate industry with its first-ever unified property access solution, designed to streamline building operations and enhance the resident experience.
Robert Chefitz, ButterflyMX board member and managing partner at Egis Capital, continued his Series C investment recognizing that property security is now more important than ever.
“With all of the delivery people and service providers that now need to access buildings, security has never been more important,” explained Chefitz. “ButterflyMX’s new unified access control platform is the perfect solution to manage the flow of people and packages into a property while improving security and maintaining peace of mind.”