Case Study: ButterflyMX streamlines equity management and stays audit-ready with Carta

ButterflyMX streamlines equity management and passes its first Big Four audit with Carta

ButterflyMX, a New York-based property access control provider, faced challenges managing its equity and investor relations as it scaled through multiple funding rounds. Using manual spreadsheets for its cap table and equity grants was error-prone and inefficient. To address this, the company turned to Carta for its centralized cap table management and 409A valuation services.

By implementing Carta's platform, ButterflyMX streamlined equity grant tracking and maintained a single source of truth for all equity data. This allowed CFO Bary Dunn to efficiently manage investor relations and successfully navigate a major Big Four audit. The solution saved significant time, reduced errors, and provided peace of mind to their diverse investor base, with Carta's support team receiving particular praise for its responsiveness.

ButterflyMX