About Latchel
Latchel is a company based in Seattle (United States) founded in 2016 by Will Gordon and Ethan Lieber.. Latchel has raised $41.1 million across 6 funding rounds from investors including Bain Capital, F-Prime Capital and RiverPark Ventures. Latchel offers products and services including Maintenance Platform, Resident Benefits, and Inspection Tool. Latchel operates in a competitive market with competitors including SMS Assist, Happy, Plentific, WeMaintain and Mezo, among others.
- Headquarter Seattle, United States
- Founders Will Gordon, Ethan Lieber
-
Sectors
Business ServicesReal Estate & Construction
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$41.1 M (USD)
in 6 rounds
-
Latest Funding Round
$16.7 M (USD), Series A
Jul 27, 2022
-
Investors
Bain Capital
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Latchel
Latchel offers a comprehensive portfolio of products and services, including Maintenance Platform, Resident Benefits, and Inspection Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates work orders and emergency support for efficient repairs
Offers credits and incentives to boost resident retention
Enables self-inspections and work order submissions
Unlock access to complete
Funding Insights of Latchel
Latchel has successfully raised a total of $41.1M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $16.7 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $16.7M
-
First Round
First Round
(01 Jun 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Latchel | Valuation | F-Prime Capital | |
| Apr, 2021 | Amount | Series A - Latchel | Valuation |
investors |
|
| Jan, 2021 | Amount | Series A - Latchel | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Latchel
Latchel has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Bain Capital, F-Prime Capital and RiverPark Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
|
Founded Year | Domain | Location | |
|
Venture capital firm backed by RiverPark Funds group
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on investing in multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Latchel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Latchel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Latchel Comparisons
Competitors of Latchel
Latchel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SMS Assist, Happy, Plentific, WeMaintain and Mezo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven maintenance solutions for commercial spaces are provided.
|
|
| domain | founded_year | HQ Location |
Software for property maintenance, asset management, and leasing is developed.
|
|
| domain | founded_year | HQ Location |
SaaS solutions for property maintenance and repair management are provided.
|
|
| domain | founded_year | HQ Location |
Elevator maintenance, repair, and spare parts are supplied for buildings.
|
|
| domain | founded_year | HQ Location |
Mezo is recognized for AI-powered property maintenance software.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Latchel
Frequently Asked Questions about Latchel
When was Latchel founded?
Latchel was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Latchel located?
Latchel is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Latchel?
Ethan Lieber is the current CEO of Latchel. They have also founded this company.
Is Latchel a funded company?
Latchel is a funded company, having raised a total of $41.1M across 6 funding rounds to date. The company's 1st funding round was a Series A of $4.38M, raised on Jun 01, 2017.
What does Latchel do?
Founded in 2016 and based in Seattle, United States, Latchel operates in the property management sector. An online portal is utilized by owners and managers to monitor maintenance requests. Tenants submit requests through phone or text, with emergency cases handled by dispatching partnered professionals for resolution. The service streamlines ongoing maintenance tracking and response processes.
Who are the top competitors of Latchel?
Latchel's top competitors include Plentific, Happy and SMS Assist.
What products or services does Latchel offer?
Latchel offers Maintenance Platform, Resident Benefits, and Inspection Tool.
Who are Latchel's investors?
Latchel has 8 investors. Key investors include Bain Capital, F-Prime Capital, RiverPark Ventures, Bain Capital Ventures, and 1984 Ventures.