RemoteLock Raises $17.8M in Series B Funding
RemoteLock plans to use the funding to enhance support for end users and integrated software partners, and expand its library of offerings.
DENVER — RemoteLock announces it has raised a $17.8 million Series B funding round, with $14.8 million having closed in December and an additional $3 million closing in Q1 2022.
UnitLeader led the round, joined by current investors Kozo Keikaku Engineering and Iron Gate Capital.
RemoteLock’s Cloud-based universal access platform enables customers in multifamily, vacation rental, commercial and other industries to remotely manage and control access to any space from anywhere. Customers can manage access to their properties directly using the company’s software interface or leverage an API to embed access control within their own applications.
In conjunction with the financing, Dana Zeff, CEO of UnitLeader, will join RemoteLock’s board of directors, bringing more than 35 years of multifamily market expertise.
“RemoteLock’s unique position in the market as both a lock-agnostic access control platform and an access control API gives them the ability to support all levels of multifamily and gives partners in the multifamily space a more robust solution for their clients. RemoteLock fills an access control gap in the multifamily space,” Zeff says.
The RemoteLock access control platform is both hardware and software agnostic. The platform manages smart locks from leading brands as well as wired access devices, providing users access management solutions for any door on a property — whether internal property doors or common doors such as main entrances, elevators and garages.
Users can manage their preferred mix of access control products throughout their portfolio on a single, centralized dashboard. With installations in over 65 countries, RemoteLock says it manages over 100 million door opens per year.
RemoteLock plans to use the funding to accelerate growth, support the ever-growing number of end user customers and integrated software partners, and expand its library of offerings.
“With this latest funding, we are well-appointed to accelerate the growth of our platform,” says Hull McKinnon, COO of RemoteLock. “We look forward to growing our amazing team, expanding our solutions, and doing it all at an even faster pace.”
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