Latch (rebranding to Door Inc) provides a comprehensive smart building platform called LatchOS for multifamily residential properties. The platform combines hardware (smart locks, intercoms), software (building management system), and services (property management, installation, resident amenities) to enable keyless entry, package delivery management, guest access, and connected device integration. The company serves the multifamily residential real estate sector with 300,000+ homes under contract across 35+ states.
Latch is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
200–250
Total Funding
$652M
6 rounds
Last Private Valuation
$1.56B
Jun 7, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $652M across 6 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 7, 2021 | SPAC merger + PIPE TechCrunch | $510M | $1.56B | TS Innovation Acquisitions / Tishman Speyer |
| Aug 2, 2019 | Series B (second close) | $56M | $0.45B | Avenir |
| Aug 2018 | Series B (first tranche) TechCrunch | $70M | — | Brookfield Ventures |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B (second close)
$454M
Aug 2019
Latch today
$1.6B
Jun 2021 · latest mark
Latch multiple
3.4x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Luke Schoenfelder
Co-Founder
Brian Jones
Co-Founder
Thomas Meyerhoffer
Co-Founder
Dave Lillis
Chief Executive Officer
Micah Stone
President of DOOR Services
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Salto Systems
European smart access and identity management platform for multifamily and hospitality sectors with cloud-based access control systems.
August Home
Smart locks and access control products including WiFi-connected locks and smart doorbells for residential and multifamily markets.
ASSA ABLOY (Yale / Schlage)
Global building access systems provider with digital locks, intercoms, and access management solutions across residential and commercial segments.
Openpath Security
Cloud-based mobile access control platform for commercial and multifamily properties with smartphone entry capabilities.
SmartRent
Integrated platform providing smart home technology and property management solutions for the multifamily residential sector.
ButterflyMX
Cloud-based intercom and access control platform designed specifically for multifamily residential buildings.
Latch completed its SPAC merger with TS Innovation Acquisitions Corp. (NASDAQ: TSIA) on June 7, 2021, becoming publicly traded on NASDAQ under ticker LTCH. The company received a delisting determination from NASDAQ on August 9, 2023, due to failure to meet periodic filing obligations related to ongoing financial statement restatement. Securities now trade on the OTC Market under symbol LTCH.
Latch shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Latch had a valuation of approximately $1.56B at the time of its public offering. Current market capitalization fluctuates with the share price.
Latch raised $652M across 6 disclosed funding rounds prior to its public listing.
Latch was co-founded by Luke Schoenfelder, Brian Jones, and Thomas Meyerhoffer in 2013.
Latch is headquartered in St. Louis, MO.
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