Beverly Hills · Growth–Late Stage · 55 people tracked
Also known as Butterfly Equity Lp
Find your way into Butterfly
732 people in our graph share verified history with the Butterfly team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Butterfly Equity is an investment firm focused on the food sector, with expertise across food, private equity and technology.
Source: firm website, verified Sep 15, 2026.
Team · 55 people
from the firm's website & public directoriesWhat they invest in
from 6 of 15 portfolio companiesConsumer ×5Advanced Manufacturing ×4FoodTech ×4Circular Economy ×2Wellness & Fitness ×2Climate Tech ×1Direct to Consumer ×1E-commerce ×1
HQs:United States×4
Investments · 15 tracked
founders shown can be your intro pathEPAC Flexibles manufactures custom printed flexible packaging including stand-up pouches, lay-flat pouches, and roll stock for various products.
Advanced ManufacturingCircular EconomyE-commerceNew MaterialsDel Mar, US
Virag Patel(Co-Founder and Chief Executive Officer)in
Actus Nutrition manufactures and supplies protein, fat, and functional nutritional ingredients derived from milk and whey for food and beverage manufacturers.
Advanced ManufacturingConsumerFoodTechHealthtechWellness & FitnessEden Prairie, US
Custom Flavors develops and manufactures customized flavors derived from natural sources for food and beverage companies of all sizes.
Advanced ManufacturingCircular EconomyClimate TechConsumerFoodTechSouth Orange County, US
Mike Wendling(Co-founder)inSteve Bishop(Co-founder & Executive Vice President)inAlex Wendling(President)in
Orgain makes clean nutrition products, including protein powders and shakes in flavors like chocolate, vanilla, and strawberry.
ConsumerDirect to ConsumerWellness & Fitness
Andrew Abraham(Founder)in
Co-investorsDCP CapitalRx3 Growth PartnersACE & Company
Ensenada, Baja California producer of ocean-raised premium striped bass; a leader in sustainable aquaculture.
Rise Baking Company produces artisan breads and rolls using traditional European baking techniques, serving bakeries and food service businesses seeking to offer quality bread products to their customers.
Advanced ManufacturingConsumerFoodTech
Duck Horn Portfolio is a portfolio company with a focus on wine and spirits businesses, led by experienced executives from consumer and luxury brands.
ConsumerFoodTech
Robert Hanson(Chief Executive Officer)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Bolthouse Fresh FoodsChosen FoodsEpacGenerous BrandsMaryRuth OrganicsPete & Gerry's OrganicsTarget Flavors
Portfolio news
latest coverage across their companiesFund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Butterfly II, LPLPs: California Public Employees' Retirement System | 2022 | — | 13.8% | 1.27x | 0.32x |
| Butterfly Fund II, LPLPs: Texas Municipal Retirement System | — | — | 16.3% | 1.73x | 0.71x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Butterfly made?
- Butterfly has 15 tracked investments.
- What stage does Butterfly invest at?
- Butterfly invests at the Growth, Late Stage stages.
- What sectors does Butterfly focus on?
- Butterfly focuses on AgTech, FoodTech.
- Where is Butterfly located?
- Butterfly is headquartered in Beverly Hills, US.
- Who does Butterfly co-invest with?
- Butterfly most often shares deals with BCI, DCP Capital, Rx3 Growth Partners, among 3 tracked co-investors.
Images
Similar investors
DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.
Partech is a global investment firm that backs founders across multiple continents and at every stage through dedicated teams and funds.
Valor Equity Partners is a private investment firm focused on operational growth, investing in technology and technology-enabled companies that innovate and disrupt existing industries.
Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.
Buoyant Ventures is a venture capital firm focused on the intelligence layer of energy, grid, data center, and industrial infrastructure, targeting improvements in infrastructure efficiency.





























































