Allegion Ventures, the venture capital arm of Allegion, has made an investment in Latchel, a technology-driven property management platform based in Carmel, Indiana. Latchel’s software helps property managers simplify maintenance operations, which is typically the most time-consuming and costly aspect of the business. The funds will be used to fuel Latchel’s growth and expand its business reach.
Founded in 2017 by CEO Ethan Lieber, Latchel has already addressed the single-family rental market and is now expanding into the multifamily rental market. The platform offers a range of resident benefits and perks that enhance the rental experience for all parties involved. With its innovative approach to property management, Latchel now serves over 100,000 units nationwide.
Allegion Ventures is known for investing in companies that bridge physical and digital security to create seamless user experiences. The investment in Latchel is in line with Allegion Ventures’ strategy to accelerate the growth of companies with innovative technology or software.
The investment from Allegion Ventures is a significant milestone for Latchel and underscores the company’s potential to revolutionize the property management industry with its software platform. With the new funds, Latchel will be able to accelerate its growth and expand its operations, bringing its technology-driven approach to more property managers and residents nationwide.
