ButterflyMX Secures $50 Million for Launch of Unified Property Access Solution

by Katie Sloan

New York City — ButterflyMX has announced the closing of a $50 million growth equity round led by JMI Equity with participation from Volition Capital, Egis Capital and RiverPark Ventures. 

The New York City-based company will use the funding to launch its unified property access solution. The service will enable owners, managers, residents and visitors to open any door or gate at their property with a smartphone. 

The solution includes video intercoms for property access; package rooms designed for seamless delivery; elevator controls for access to specific floors; keypads for access to amenity spaces, garages and auxiliary rooms; key lockers for access to apartment units with traditional locks; and smart lock integration for access into apartment units with smart locks. 

All devices can be managed through ButterflyMX OS, an online platform that allows property administrators to adjust access permissions, view entry photos and integrate security cameras and other access control devices. 

“Since we first introduced the smart video intercom to the world in 2015, we’ve been installed in more than 6,500 buildings and have opened over 100 million doors,” says Aaron Rudenstine, CEO of ButterflyMX. “Our customers love using our video intercom for property access so much that they asked us to extend that access experience beyond their front doors. This new round of funding will allow us to finally provide the real estate industry with the only unified property access solution designed to simplify access into and throughout an entire building.” 

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