Investment Summary

Egis Capital Partners, JMI Equity and Lead Edge Capital Invest In ButterflyMX

On September 29, 2020, private equity firm Egis Capital Partners, private equity firm JMI Equity and growth capital firm Lead Edge Capital invested in internet software and services company ButterflyMX

Investment Highlights
  • This is Egis Capital Partners’ 4th, JMI Equity’s 38th and Lead Edge Capital’s 14th transaction in the Internet Software and Services sector.
  • This is Egis Capital Partners’ 15th, JMI Equity’s 96th and Lead Edge Capital’s 22nd transaction in the United States.
  • This is Egis Capital Partners’ 2nd, JMI Equity’s 8th and Lead Edge Capital’s 2nd transaction in New York.

Investment Summary

Date 2020-09-29
Target ButterflyMX
Sector Internet Software and Services
Investor(s) Egis Capital Partners
JMI Equity
Lead Edge Capital
Deal Type Venture

Target

ButterflyMX

New York City, New York, United States
ButterflyMX is a provider of cloud-based property access solution for multi-family property owners, developers, and managers. ButterflyMX's mission is to enable people to open and manage doors from a smartphone. ButterflyMX was founded in 2012 and is based in New York City, New York.

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Investor(S) 3

Investor

Egis Capital Partners

Summit, New Jersey, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Egis Capital Partners LLC is a specialist private equity firm focused on opportunities in defense and homeland security. Egis has a target investment size of $10 to $80 million and is willing to act either as the lead investor or is willing to co-invest with larger funds on prospective transactions. Specific areas of interest include physical security services (systems integration, guard services, alarm monitoring, cash services); identity solutions (background screening, investigation services,biometrics, smart cards); and IT security (IT consulting, vulnerability assessment, application security, storage security). Egis Capital Partners LLC was formed in 2008 and is based in New York.


DEAL STATS #
Overall 15 of 18
Sector: Internet Software and Services M&A 4 of 4
Type: Venture M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 15 of 18
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 WorldAware

Annapolis, Maryland, United States

WorldAware, Inc. is a provider of intelligence-driven operational risk management solutions to enable multinational companies and government organizations to operate globally with confidence. WorldAware’s end-to-end, tailored solution integrates world-class threat intelligence, innovative technology, and global response services that help enterprises protect their people and operational assets and mitigate operational risk. WorldAware was founded in 1999 and is based in Annapolis, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Acre Security

Las Vegas, Nevada, United States

Acre Security is a manufacturer of electronic security products that are emphasizing the ongoing transition to more open platform systems. Acre Security was founded in 2012 and is based in Las Vegas, Nevada.

Sell -
Investor

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 110 of 130
Sector: Internet Software and Services M&A 38 of 46
Type: Venture M&A Deals 27 of 29
State: New York M&A 8 of 9
Country: United States M&A 96 of 114
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Bloomerang

Indianapolis, Indiana, United States

Bloomerang is a cloud-based donor management software tool designed to help nonprofits reach, engage, and retain the advocates they depend on to achieve their vision for a better world. Bloomerang was formed in 2012 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Cosential

Austin, Texas, United States

Cosential, Inc. is a provider of CRM and proposal automation software for Architecture, Engineering, and Construction (AEC) firms. Cosential’s cloud-based software platform creates a single system of record, purpose-built for the unique project-based needs of AEC marketing and business development teams.

Sell -
Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 27 of 54
Sector: Internet Software and Services M&A 14 of 27
Type: Venture M&A Deals 15 of 27
State: New York M&A 2 of 4
Country: United States M&A 22 of 44
Year: 2020 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Cuddly

Seal Beach, California, United States

Cuddly is a fundraising and Wishlist platform dedicated to helping animal organizations worldwide, while supporting over 2,100 non-profit animal shelters across the United States. The for-good startup seeks to help all animals find a healthy life and a loving home. Cuddly is based in Seal Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Lean Solutions Group

Coral Springs, Florida, United States

Lean Solutions Group specializes in the transportation and logistics industry and works with US-based companies to enhance their back- and front-office operations. Lean Solutions Group has worked with over 100 satisfied customers, partnering with them to establish a satellite office in Cartagena, Barranquilla, Bogota, and Medellín. Lean Staffing Solutions was founded in 2008 and is based in Coral Springs, Florida.

Buy -