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Latch - About the company

Latch is a public company based in New York City (United States), founded in 2014 by Brian Jones, Brenden Hewko and Luke Schoenfelder. It operates as a Provider of cloud-based smart locks for residential and commercial places. Latch has raised $153M in funding from investors like Lux Capital, Expansion Venture Capital and RRE Ventures. The company has 474 active competitors, including 45 funded and 23 that have exited. Its top competitors include companies like igloohome, August and Assa Abloy.

Company Details

Provider of cloud-based smart locks for residential and commercial places. It provides users with an internet-connected or electro-mechanically engineered lock system for access control. Its product portfolio includes smart locks, guest and delivery management systems, and smart home sensors. Its locks can be operated using its mobile application, access cards, and passwords. It comprises a touch panel and a wide-angle camera.
Website
latch.com
Social
XFacebook
Email ID
*****@latch.com
Registered Address
New York, New York
Key Metrics
Founded Year
2014
Location
New York City, United States
Stage
Public
Total Funding
$153M in 6 rounds
Latest Funding Round
Investors
Ranked
Annual Revenue
$45M as on Dec 31, 2023
Employee Count
208 as on Jun 02, 2025
Investment & Acquisitions
Similar Companies
Exit Details
Public

Latch's IPO details

Latch got listed on Jun 07, 2021.
Click here to take a look at Latch's IPO in detail
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Latch's funding and investors

Latch has raised a total funding of $153M over 6 rounds. Its latest funding round was a Series B round on Aug 01, 2019 for $56M. 4 investors participated in its latest round. Latch has 32 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Latch:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 01, 2019
$56M
Series B
-
-
Aug 22, 2018
$70M
Series B
$250M
-
May 18, 2017
$10M
Series A
-
-
-
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Latch's founders and board of directors

Founder? Claim Profile
The founders of Latch are Brian Jones, Brenden Hewko and Luke Schoenfelder.
Here are the details of Latch's key team members:

Latch's employee count trend

Latch has 208 employees as of Jun 25. Here is Latch's employee count trend over the years:
Employee count trend for Latch
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Latch's Competitors and alternates

Top competitors of Latch include igloohome, August and Assa Abloy. Here is the list of Top 10 competitors of Latch, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Latch
Latch
2014, New York City (United States), Public
Provider of cloud-based smart locks for residential and commercial places
$153M
78/100
2nd
Logo for igloohome
igloohome
2015, Singapore (Singapore), Series B
Developer of keyless smart locks for both consumer and commercial applications
$20.3M
73/100
3rd
Logo for August
August
2012, San Francisco (United States), Acquired
Provider of a smart lock and access system
$73.1M
70/100
4th
Logo for Assa Abloy
Assa Abloy
1994, Stockholm (Sweden), Public
Provider of cloud-based access control systems
-
70/100
5th
Logo for Level
Level
2010, Redwood City (United States), Acquired
Manufacturer of smart lock
$171M
67/100
6th
Logo for Kwikset
Kwikset
1946, Middleton (United States), Unfunded
Smart locks for home security
-
-
62/100
7th
Logo for Gate Labs
Gate Labs
2014, San Francisco (United States), Series B
Developing camera-equipped smart locks
$9.59M
60/100
8th
Logo for Schlage
Schlage
1920, Carmel (United States), Acquired
Provider of Bluetooth-based smart locks
-
-
57/100
9th
Logo for Nuki Home Solutions
Nuki Home Solutions
2014, Graz (Austria), Series B
Manufacturer of cloud-based smart door locks
$25.8M
57/100
10th
Logo for Yale
Yale
1840, Stockholm (Sweden), Acquired
Provider of smart locks
-
-
57/100
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Looking for more details on Latch's competitors? Click here to see the top ones

Latch's Investments and acquisitions

Latch has acquired 2 companies including TBC and Honest Days Work. Latch has not made any investments as of now.

Reports related to Latch

Here is the latest report on Latch's sector:

News related to Latch

lockFilter this list
Media has covered Latch for a total of 9 events in the last 1 year, 5 of them have been about company updates and 3 about people movement.
Latch Announces New Leadership TeamBusiness WireFeb 06, 2025Latch
Latch announces CEO, CFO appointmentSeeking AlphaFeb 06, 2025Latch
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FAQs about Latch

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