RemoteLock Funding: How Much Did They Raise & Key Investors

How Much Did RemoteLock Raise?
Funding & Key Investors

RemoteLock, a prominent player in the cloud-based access control sector, has successfully secured a total of $26M in capital to date. This trajectory of financial backing reached a significant milestone with a $17.8M major strategic investment finalized on January 20, 2022. By consistently attracting institutional interest, the Denver-based firm has solidified its position as a critical provider of smart lock management software, demonstrating robust growth from its initial funding rounds to its current enterprise-level operations.

The company's ability to aggregate diverse hardware manufacturers into a unified SaaS platform has proven to be a key differentiator in the competitive landscape of physical security and digital access management.

What is RemoteLock?

RemoteLock

Software

Storage & System Management Software

Founded in 2004, RemoteLock specializes in the development of EdgeState, a sophisticated cloud-based application designed to streamline access control for a variety of commercial and residential environments. By consolidating connected locks from multiple manufacturers into a single, intuitive interface, RemoteLock enables organizations to manage guest, employee, and support staff access with unprecedented efficiency. This centralized approach to security infrastructure reduces operational overhead and enhances site management, positioning the company as a vital utility for modern enterprise security strategies.

How much funding has RemoteLock raised?

RemoteLock has raised a total of $25.9M across 4 funding rounds:

2014

Unspecified

$2M

2018

Series A

$5.8M

2020

Debt

$350K

2022

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 specializes in providing royalty-based funding, offering flexible and non-dilutive growth capital tailored for emerging companies, particularly in the SaaS and tech-enabled services sectors.

Iron Gate Capital

Iron Gate Capital is a venture capital firm designed by entrepreneurs for entrepreneurs, offering access to a diverse range of opportunities through an exclusive investment consortium model.

PPP

Public-Private Partnership

What's next for RemoteLock?

With the infusion of capital from its most recent funding round, RemoteLock is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to focus on deepening its integration capabilities within the IoT ecosystem, further refining its SaaS offerings to meet the evolving demands of enterprise-level security. As the industry shifts toward more flexible, remote-first management solutions, RemoteLock's strategic focus will likely center on scaling its platform to support larger, more complex deployments while maintaining the operational agility that has defined its growth to date.

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