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.
Sectors and market segments that Latch operate in
Latch serves in the High Tech, Internet of Things - Industry Applications market segments.The primary business model of Latch are:- High Tech > Security & Surveillance Technology > ***** **** > ***** ******
- High Tech > Smart Homes > ***** **** > ***** ******
- Internet of Things - Industry Applications > Smart Homes > ***** **** > ***** ******
- High Tech > IoT Applications > ***** **** > ***** ******
- Internet of Things - Industry Applications > IoT Applications > ***** **** > ***** ******
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
- 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
1st among 474 active competitors
Annual Revenue
$45M as on Dec 31, 2023
Employee Count
208 as on Jun 02, 2025
Exit Details
Public
Legal entities associated with Latch
Latch is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Latch Systems, Inc. CIN: 32092909731 , United States, Active | Dec 19, 2023 | - | - | - |
Latch, Inc. CIN: 1826000 , United States, Active | Sep 17, 2020 | $45M (As on Dec 31, 2023) | - | - |
LATCHABLE, INC CIN: 464779711 , United States, Active | Dec 31, 1999 | - | 430 (As on Dec 31, 2022) | - |
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:
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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 | - | - | - |
View details of Latch's funding rounds and investors
Latch's founders and board of directors
Founder? Claim ProfileHere are the details of Latch's key team members:
- Brian Jones: Co-Founder of Latch and founder of 2 other companies, Latch and Latch. They serve on the board of 1 company.Contact Info: 1 email address
- Brenden Hewko: Co-Founder of Latch. Contact Info: 1 email address
- Luke Schoenfelder: Co-Founder & CEO of Latch and founder of 2 other companies, Latch and Latch. Contact Info: 1 email address
View details of Latch's Founder profiles and Board Members
Latch's employee count trend
Latch has 208 employees as of Jun 25. Here is Latch's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Latch 2014, New York City (United States), Public | Provider of cloud-based smart locks for residential and commercial places | $153M | 78/100 | |
2nd | Developer of keyless smart locks for both consumer and commercial applications | $20.3M | 73/100 | ||
3rd | August 2012, San Francisco (United States), Acquired | Provider of a smart lock and access system | $73.1M | 70/100 | |
4th | Assa Abloy 1994, Stockholm (Sweden), Public | Provider of cloud-based access control systems | - | 70/100 | |
5th | Level 2010, Redwood City (United States), Acquired | Manufacturer of smart lock | $171M | 67/100 | |
6th | Kwikset 1946, Middleton (United States), Unfunded | Smart locks for home security | - | - | 62/100 |
7th | Gate Labs 2014, San Francisco (United States), Series B | Developing camera-equipped smart locks | $9.59M | 60/100 | |
8th | Schlage 1920, Carmel (United States), Acquired | Provider of Bluetooth-based smart locks | - | - | 57/100 |
9th | Nuki Home Solutions 2014, Graz (Austria), Series B | Manufacturer of cloud-based smart door locks | $25.8M | 57/100 | |
10th | Provider of smart locks | - | - | 57/100 |
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
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.
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Latch Rebrands as DOOR to Lead a New Era of Building IntelligencePR Newswire•Aug 12, 2025•Door, Latch
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Latch Announces DOOR Bug, an AI-Powered Intelligent Sensor, at ISC East 2024Business Wire•Nov 20, 2024•Latch
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Latch Announces Jamie Siminoff Will Transition to Advisory Role in 2025Business Wire•Nov 19, 2024•Latch
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Latch Announces R2 Retrofit Kit, Unlocking Faster and Cheaper Building UpgradesBusiness Wire•Sep 11, 2024•Latch
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DOOR Agrees to Deal with block.a to Bring Self-Guided Touring and Leasing to DOOR ServicesBusiness Wire•Sep 04, 2024•Door, block.a, Latch
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