ButterflyMX raises $35M to grow smart-intercom business

Oct 1

Written By CRETI

Smart-intercom startup ButterflyMX has raised $35 million in growth capital to meet surging demand for contactless entry in apartment buildings.

The round, led by Volition Capital, brings the company’s total funding to $40 million. Founder Cyrus Claffey said the company will use the money to develop additional products and tap new verticals, including commercial real estate. Egis Capital, RiverPark Ventures and Stifel Financial Corp., also participated in the round.

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