HomeUSALockState Secures $5.8M In Series A Funding

LockState Secures $5.8M In Series A Funding

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LockState, a Denver, CO-based provider of a cloud platform for smart locks, raised $5.8m in a Series A funding.

The round was led by Iron Gate Capital with participation from Kozo Keikaku Engineering, Nelnet, and Service Provider Capital.

The company intends to use the funds to expand its sales and marketing plans, and to further solidify its product.

Led by Nolan Mondrow, Founder and CEO, RemoteLock is a cloud-based smart lock platform enabling users to manage any type of internet-enabled lock from a single centralized dashboard. The platform offers a suite of products for remote access control, including apps used by managers of vacation rental properties, retail stores, commercial space and apartments to simplify access and strengthen security. Through integrations with Airbnb, HomeAway and other listing partners, RemoteLock apps automate guest access when bookings are confirmed. The platform allows users to manage access control across multiple different types of connected locks for main entryways, internal units, elevators, parking garages, and pool gates.
Additionally, RemoteLock offers an open API, enabling integrators to incorporate monitoring and control of smart locks into their own applications.

The company serves tens of thousands of rental and commercial properties with established partnerships with Airbnb, HomeAway, Ayla, August Home, Mercury Security, KKE, Streamline, Guesty and many more.
Customers include global and national companies like Target Stores, Love’s Travel Stops, Coldwell Bankers Vacations, Century 21, Quiznos, and Ring.

FinSMEs

23/05/2018