What is RemoteLock?
Founded in 2004 and headquartered in Denver, Colorado, RemoteLock offers a sophisticated cloud-based application, EdgeState. This platform is designed to streamline the management of connected locks from various manufacturers, providing a unified and user-friendly SaaS solution. EdgeState enables businesses to efficiently control access for guests, employees, and support staff, thereby optimizing operational efficiency and reducing costs. The company's focus on consolidating disparate lock systems into a single, manageable interface positions it as a key player in the evolving smart building and access management industry.
How much funding has RemoteLock raised?
RemoteLock has raised a total of $25.9M across 4 funding rounds:
Unspecified
$2M
Series A
$5.8M
Debt
$350K
Series B
$17.8M
Unspecified (2014): $2M with participation from Cypress Growth Capital LLC
Series A (2018): $5.8M led by Iron Gate Capital
Debt (2020): $350K supported by PPP
Series B (2022): $17.8M, investors not publicly disclosed
Key Investors in RemoteLock
Cypress Growth Capital LLC
Cypress Growth Capital LLC is a venture capital firm specializing in royalty-based funding, offering flexible and non-dilutive growth capital tailored for emerging companies, particularly in the SaaS and tech-enabled services sectors. Their funding model allows businesses to retain equity while accessing necessary capital, with payments adjusting based on revenue performance.
Iron Gate Capital
Iron Gate Capital is a venture capital firm designed by entrepreneurs for entrepreneurs, operating as an exclusive investment consortium that offers access to a diverse range of opportunities across various stages, sectors, and asset classes through a deal-by-deal model.
PPP
Public-Private Partnership
What's next for RemoteLock?
The recent strategic investment signifies a pivotal moment for RemoteLock, indicating a strong investor confidence in its business model and future prospects. This capital infusion is anticipated to accelerate the company's product innovation, enhance its market penetration, and potentially support strategic acquisitions or partnerships. As RemoteLock continues to scale its operations, it is poised to further solidify its leadership in providing secure, scalable, and integrated access control solutions for a diverse range of enterprise clients. The company's ongoing commitment to developing advanced SaaS technology for smart lock management suggests a future focused on expanding its platform's capabilities and reach within the Internet of Things (IoT) ecosystem.
See full RemoteLock company page
