Level

Redwood City, United States Founded: 2010 • Age: 16 yrs Acquired By Assa Abloy
Smart locks are designed and sold by Level.
Annual revenue - Latest available
Total funding $171.0M 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

About Level

Level is a company based in Redwood City (United States) founded in 2010 by Ken Goto and John Martin was acquired by Assa Abloy in September 2024. It operates as a Direct-to-Consumer (D2C). Level has raised $171 million across 2 funding rounds from investors including Walmart, Cox Communications and Assa Abloy. Level has completed 1 acquisition, including Dwelo. Level offers products and services including Level Lock Pro, Level Lock, and Level Bolt. Level operates in a competitive market with competitors including Assa Abloy, igloohome, Gate Labs, Nuki Home Solutions and Igloocompany, among others.

  • Headquarter Redwood City, United States
  • Founders Ken Goto, John Martin
  • Sectors
    Industrial Goods & Manufacturing
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Assa Abloy
Operational Areas
Industrial Goods & Manufacturing → Security, Surveillance & Safety Systems Unlock Sub-Sector Unlock Segment
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $171 M (USD)

    in 2 rounds

  • Latest Funding Round
    $100 M (USD), Series C

    Nov 10, 2021

  • Investors
    Walmart

    & 3 more

  • Employee Count
    Not available
  • Investments & Acquisitions
  • Acquired by
    Assa Abloy

    (Sep 10, 2024)

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Products & Services of Level

Level offers a comprehensive portfolio of products and services, including Level Lock Pro, Level Lock, and Level Bolt.

Product name locked
Category locked
Primary

Advanced smart lock with Apple home keys included.

Product name locked
Category locked
Locked

Compact smart lock designed for everyday simplicity.

Product name locked
Category locked
Locked

Retrofit solution to make existing locks smart.

People of Level

Headcount 50-200
Employee Profiles 56
Employee Profiles
People
Beau Hennings
Director Of Operations
People
Louis Olson
Vice President Of Product Management
People
Monika Rathor
Lead Engineer
People
Daniel Kelly
Lead Applications Engineer

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Funding Insights of Level

Level has successfully raised a total of $171M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in November 2021. 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.

Investors in Level

Level has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Walmart, Cox Communications and Assa Abloy.

All
Institutional
Investor Description Founded Year Domain Location
Internet, television, and webmail services are provided nationwide.
Locked Locked Locked
Multinational retail corporation
Locked Locked Locked
Property developer focusing on multi family housing units
Locked Locked Locked
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Investor details for Level

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Level

Level has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dwelo.

Investments
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Investment portfolio details for Level

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
Smart apartment management solutions are offered for managers and residents.
Locked Locked 2014 Locked
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Complete acquisition details for Level

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

Verified entity values are shown only after access is granted.

Financial Statements - Level

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Detailed financials for Level

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Level Comparisons

Level Primary company
Description
Smart locks are designed and sold by Level.
Location
Redwood City, United States
Founded Year
2010
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Level

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

Verified entity values are shown only after access is granted.

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Competitors of Level

Level 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 Assa Abloy, igloohome, Gate Labs, Nuki Home Solutions and Igloocompany, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Provider of cloud-based access control systems
Locked Locked Locked
Keyless smart locks are developed for consumer and commercial applications.
Locked Locked Locked
Camera-equipped smart locks are developed for home entry.
Locked Locked Locked
Cloud-based smart door locks are manufactured for remote access.
Locked Locked Locked
Provider of smart locks for diversified purposes
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Detailed competitors of Level

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Level

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Complete news archive for Level

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Level

Level was founded in 2010 and raised its 1st funding round 9 years after it was founded.

Level is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.

Level is a funded company, having raised a total of $171M across 2 funding rounds to date.

Smart home solutions are provided by Level, focusing on innovative lock technology. Products include advanced smart locks with features like Apple home keys and door status detection. The company operates in the consumer electronics sector, emphasizing security and convenience. Minimal design and high durability are integrated into offerings. Solutions cater to residential users seeking enhanced access control.

Level's top competitors include igloohome, Assa Abloy and Gate Labs.

Level offers Level Lock Pro, Level Lock, and Level Bolt.

Level has made 1 acquisition, including Dwelo.

Level has 4 investors. Key investors include Walmart, Cox Communications, Assa Abloy, and Lennar.

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