Latchel, a Carmel, Indiana-based company using technology to empower property managers to streamline operations, received an investment from Allegion Ventures.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded in 2017 and led by CEO Ethan Lieber, Latchel provides a software platform that helps property managers streamline maintenance operations – the most time and cost consuming aspect of the business, and gives access to a myriad of resident benefits and perks to further elevate the rental experience for all parties involved.
The company has already addressed the single-family rental market, and is launching in the multifamily rental market, too. It now serves over 100k units nationwide.
Allegion Ventures is the corporate venture fund of Allegion. It invests in and accelerates the growth of companies with innovative technology or software that bridge physical and digital security and create seamless user experiences.
FinSMEs
09/03/2023