ButterflyMX Secures Growth Equity Investment to Build Better Access for You

This new funding will accelerate new product development and cement ButterflyMX’s market-leading position in the multi-tenant property access and security market.

To meet your evolving needs, we’ve secured a significant growth equity investment led by FTV Capital with participation from Fifth Wall and Lead Edge Capital. This investment will allow us to accelerate the development of new products and features while solidifying our position in the multi-tenant property access and security markets.

Read on to learn more about this recent round of funding and how it will impact you.

Navigate this post:

• FTV funding details
• What this investment means for you
• Why this funding matters now
• Looking ahead: A better property access experience for you

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FTV funding details

Since 2014, you’ve trusted ButterflyMX to transform access for your property staff, residents, and visitors. Whether it’s simplifying entry during move-ins and move-outs, ensuring couriers can make their deliveries, or enabling self-guided tours, you’ve seen firsthand how a property-wide access and security platform has changed how people live, work, and visit your building.

This new investment from FTV Capital will accelerate the development of our access and security platform — allowing us to design and distribute solutions that’ll continue to make your property more secure, convenient, and affordable to own and operate.

We partnered with FTV Capital, Fifth Wall, and Lead Edge Capital because of their proven track record of supporting high-growth companies in the real estate and technology industries. As we incorporate their shared vision of providing products and services that revolutionize how multi-tenant properties are owned and operated, you’ll see new benefits from your investment in ButterflyMX.

“ButterflyMX has already asserted its market leadership with best-in-class solutions that address complexities around multi-family and commercial access for tenants, building owners, and property managers… We are excited to partner closely with ButterflyMX to help the company meaningfully scale in its next chapter.”

— Richard Liu, Partner at FTV Capital

What this investment means for you

This funding is about investing in our access control and security platform to help you deliver better experiences while driving significant revenue and cost savings. From our Video Intercoms and connected Access Control System to our Security Cameras and Front Desk Station, our property-wide suite of software-enabled products and services is purpose-built for property owners and managers of multifamily, commercial, student housing, HOAs, and gated communities.

Our products and solutions will continue to enable customers to manage property access remotely and automate building operations while providing new ways to benefit from your existing systems.

“Since our founding nearly 10 years ago, we’ve grown from just a video intercom to a fully integrated suite of access control and security products and solutions that transform the property access experience from the front entrance to every door, gate, and elevator through a building.”

— Aaron Rudenstine, CEO of ButterflyMX

Here’s how this investment will impact you:

• Innovative solutions. New tools and features designed to improve property access, management, and security.
• World-class support. Enduring commitment to be your access control and security vendor and your valued partner.
• Trusted leadership. Deep expertise, knowledge, and a network of real estate and technology professionals that you can rely on.

Why this funding matters now

The real estate industry is evolving faster than ever before. Your expectations for innovative and valuable property access and security solutions are clear. By 2029, the global market for property access solutions is expected to exceed $15.2 billion.

With this demand comes an opportunity to create even better property access tools that are designed to help you:

• Boost revenue
• Reduce operating costs
• Enhance security
• Improve the day-to-day experience

“With consistent growth, excellent unit economics, and a highly scalable model, ButterflyMX is well positioned to remain the gold standard in this market. By being in the natural flow of key data, strategic use of AI, and leveraging an open platform that allows for seamless integration with other ecosystem players across the globe, ButterflyMX will continue to streamline operations for various types of property owners and enhance the resident experience.”

— Kapil Venkatachalam, Partner at FTV Capital

Looking ahead: A better property access experience for you

Your support has transformed ButterflyMX from an idea to make property access simple to a fully integrated suite of access control and security solutions.

“The future of ButterflyMX will continue to focus on developing solutions that automate building operations, allowing for more affordable property ownership and management. As we continue on this journey, we’re pleased to have the backing of FTV Capital, a firm with a deep understanding of both vertical software and tech-enabled hardware, a vast network of partners and advisors, and a shared vision to provide products and services that revolutionize how multi-tenant properties are owned and operated.”

— Aaron Rudenstine, CEO of ButterflyMX

This partnership marks a new milestone, but it’s only the beginning. Together, we’re continuing on our mission of transforming property access and security to help you achieve your goals.

2019 brought with it our current CEO, Aaron Rudenstine. It also ushered in a new era of strategic leadership and growth at ButterflyMX. With Aaron’s proven track record of scaling businesses, a deep passion for innovation, and a clear focus on you, his leadership meant a stronger commitment to understanding and solving your near- and long-term challenges. This also marked an important point in ButterflyMX’s history by cementing the company’s position as a leader in property technology.