Ask Capiva BSLifestyle / community · Convertible Note + SAFE note · UAE · incubated by Incubayt · first invested Jan 2021
Butterfly Social
Incubated · activeInvested$138kat cost · 2 tickets
Current mark$274kworkbook · 8 Sep 2025
MOIC1.99xon paper
Ownership2.3%implied by the workbook mark
Next round—none recorded
IRR20.2%workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
No entry thesis on fileNo Incubayt investment memo for Butterfly Social is in the data room, so there is nothing to measure against. Not recorded
Latest founder update
No founder update for Butterfly Social is in the data room.
Watch & flags
What to keep an eye on
NoteButterfly Social 'CAP Table' file is a blank CFI template
ActionButterfly Social: Incubayt's $40,000 SAFE is still 'Pending' and in Sami Khoreibi's name
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsConvertible Note $97.6k (Jan 2021) · SAFE note $40.0k (Jan 2025)
Company valuation$12.00mm · workbook
BoardNot recorded
Legal entityNot recorded