RemoteLock, a provider of universal access control solutions, announced today that it has raised a $17.8 million Series B funding round ($14.8 million closed in December 2021 and an additional $3 million closing Q1 2022). UnitLeader led the round, joined by current investors Kozo Keikaku Engineering Inc. (KKE) and Iron Gate Capital.
“With this latest funding, we are well-appointed to accelerate the growth of our platform,” said Hull McKinnon, chief operating officer of RemoteLock. “We look forward to growing our amazing team, expanding our solutions, and doing it all at an even faster pace.”
In conjunction with the financing, Dana Zeff, CEO of UnitLeader, will join RemoteLock’s board of directors, bringing over 35 years of multifamily market expertise.
“RemoteLock’s unique position in the market as both a lock-agnostic access control platform and an access control API gives them the ability to support all levels of multifamily and gives partners in the multifamily space a more robust solution for their clients,” Zeff said. “RemoteLock fills an access control gap in the multifamily space.”
RemoteLock plans to use the funding to accelerate growth, support the number of end user customers and integrated software partners, and expand its library of offerings.
“We are thrilled to welcome Dana to our board and look forward to her wealth of expertise, particularly in the multifamily market,” said Nolan Mondrow, CEO of RemoteLock. “We look forward to our continued growth in the vacation rental, commercial and multifamily markets as we set out to fundamentally change the way property owners and managers approach access control throughout their portfolios.”
For more information regarding the fundraising round, visit www.remotelock.com.