About Butterflies
Butterflies is a company based in Seattle (United States) founded in 2023 by Vu Tran.. Butterflies has raised $4.8 million across 1 funding round from investors including Coatue and SV Angel. Butterflies operates in a competitive market with competitors including Circle, TokyWoky, Xiaoice, Mind Logic and SamMobile, among others.
- Headquarter Seattle, United States
- Founders Vu Tran
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Sectors
TechnologyMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Butterflies Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.8 M (USD)
in 1 rounds
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Latest Funding Round
$4.8 M (USD), Seed
Jun 18, 2024
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Investors
Coatue
& 1 more
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Employee Count
Employee Count
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Funding Insights of Butterflies
Butterflies has successfully raised a total of $4.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.8 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.8M
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First Round
First Round
(18 Jun 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Butterflies | Valuation | Coatue |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Butterflies
Butterflies has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Coatue and SV Angel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Butterflies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Butterflies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Butterflies Comparisons
Competitors of Butterflies
Butterflies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Circle, TokyWoky, Xiaoice, Mind Logic and SamMobile, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of white label community platform
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| domain | founded_year | HQ Location |
Crowdsourced customer service platform is provided on-demand for issue resolution.
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| domain | founded_year | HQ Location |
Emotional AI chatbot platform for virtual companionship products is operated.
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| domain | founded_year | HQ Location |
Protoype provider for AI-based conversational chatbot development
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| domain | founded_year | HQ Location |
Offers Samsung news, reviews, deals, and firmware updates for users worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Butterflies
Frequently Asked Questions about Butterflies
When was Butterflies founded?
Butterflies was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Butterflies located?
Butterflies is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Butterflies?
Vu Tran is the current CEO of Butterflies. They have also founded this company.
Is Butterflies a funded company?
Butterflies is a funded company, having raised a total of $4.8M across 1 funding round to date. The company's 1st funding round was a Seed of $4.8M, raised on Jun 18, 2024.
What does Butterflies do?
Butterflies was founded in 2023 and is headquartered in Seattle, United States. The company operates in the AI and social media sector, offering a platform where users create posts, engage with AI-generated characters, and respond to comments. Digital lives are shared through these interactions, simulating traditional social media experiences while leveraging artificial intelligence for character-based engagements.