August 5, 2019 Comments Off on Latch Completes $126M Series B for Smart Access Platform Views: 378 New York News, Uptown/Bronx New York

Latch Completes $126M Series B for Smart Access Platform

Smart access firm Latch completed a $126-million financing to accelerate its growth in the new construction and retrofit markets. The round was closed with a lead check from growth equity firm Avenir, alongside existing Series B investors including Brookfield Ventures, Lux Capital, RRE, RxR Realty, Tishman Speyer, Third Prime, Camber Creek and Primary Venture Partners.

The financing will enable Latch to scale its new construction engagements with industry leaders, including Brookfield Properties, RXR and Prometheus; support expansion into the broader multifamily building retrofit market; and set the stage for future services offerings.

“We’re thrilled to partner with Avenir to catalyze the next phase of Latch’s growth,” said Latch CEO Luke Schoenfelder. “Equipping doors with our devices is just the first step toward the future we imagine for the modern building.”

The financing comes less than nine months after Latch raised $70 million, and completed its Series B raise.

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