Allegion Ventures five-year anniversary marked by investment in Latchel

CARMEL, Ind. – Allegion plc corporate venture fund, Allegion Ventures, is celebrating their five year anniversary with a new addition to their portfolio.

Latchel is a property management maintenance software that Allegion says underscores its commitment to accelerating the growth of innovative companies. It joins several other focused investments centered around technology that bridges physical and digital security and enhances user experiences.

“At the core of this investment is our belief in the Latchel team’s ability to not only add value for their direct customers, but also drive a new standard of efficiency and seamless experiences in the broader property management industry,” Allegion Ventures Principal John Goodwin said. “Latchel is solving problems from a unique angle. They care about the bottom line, and they help boost it by putting resident experiences first. We have common ground in our desire to leverage technology to provide better solutions and bridge physical and digital experiences – making this announcement a great way to mark Allegion Ventures’ five-year anniversary.”

Founded in 2017, Latchel elevates rental experiences using technology to empower property managers Allegion said in their release. The software platform allows users to be more responsive and create a new revenue stream without forcing them to choose between happy residents and a, “healthy bottom line”.

“Latchel continues to push services into the multifamily market, and Allegion Ventures’ knowledge of building access in the space is incredibly valuable to our team as we work to make a big difference for property managers looking to operate at the next level,” Latchel CEO Ethan Lieber said. “I’m excited to tap their expertise and explore the potential of creating a bridge to connect maintenance, concierge services and building access in the future.” 

 Terms of the deal were not disclosed.