About Lockin
Lockin is a company based in Haidian (China) founded in 2014 by Chen Bin and Bin Chen. It operates as a Direct-to-Consumer (D2C). Lockin has raised $152.43 million across 10 funding rounds from investors including Xiaomi, Baidu and Lenovo. Lockin offers products and services including Veno Pro, Veno Plus, and Veno. Lockin operates in a competitive market with competitors including Assa Abloy, Level, Gate Labs, igloohome and Nuki Home Solutions, among others.
- Headquarter Haidian, China
- Founders Chen Bin, Bin Chen
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$152.43 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Xiaomi
& 18 more
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Employee Count
Employee Count
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Products & Services of Lockin
Lockin offers a comprehensive portfolio of products and services, including Veno Pro, Veno Plus, and Veno. 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.
Palm vein recognition smart lock with video feature.
Palm vein recognition smart lock with video capability.
Entry-level palm vein recognition smart lock product.
Funding Insights of Lockin
Lockin has successfully raised a total of $152.43M across 10 strategic funding rounds. 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 10
- Last Round Last Round
- First Round First Round
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Angel Round - Lockin | Valuation |
investors |
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| Oct, 2022 | Amount | Series D - Lockin | Valuation | Xiaomi | |
| Dec, 2018 | Amount | Series D - Lockin | Valuation | Baidu |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lockin
Lockin has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Xiaomi, Baidu and Lenovo. 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 |
|---|---|---|---|---|
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage VC investments in Chinese tech startups are focused on.
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Founded Year | Domain | Location | |
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Tech companies in China are invested in by SIG China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lockin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lockin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lockin Comparisons
Competitors of Lockin
Lockin 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, Level, Gate Labs, igloohome and Nuki Home Solutions, 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 |
Provider of cloud-based access control systems
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| domain | founded_year | HQ Location |
Smart locks are designed and sold by Level.
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| domain | founded_year | HQ Location |
Camera-equipped smart locks are developed for home entry.
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| domain | founded_year | HQ Location |
Keyless smart locks are developed for consumer and commercial applications.
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| domain | founded_year | HQ Location |
Cloud-based smart door locks are manufactured for remote access.
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| domain | founded_year | HQ Location |
Provider of smart locks for diversified purposes
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lockin
Frequently Asked Questions about Lockin
When was Lockin founded?
Lockin was founded in 2014.
Where is Lockin located?
Lockin is headquartered in Haidian, China. It is registered at Haidian, Beijing, China.
Who is the current CEO of Lockin?
Chen Bin is the current CEO of Lockin. They have also founded this company.
Is Lockin a funded company?
Lockin is a funded company, having raised a total of $152.43M across 10 funding rounds to date. The company's 1st funding round was a Series D of $86.95M, raised on May 01, 2014.
What does Lockin do?
Lockin is established as a prominent brand in vein recognition smart locks, focusing on advanced security solutions for family and individual use. The company operates within the smart home technology sector, offering products like Veno Pro, Veno Plus, and Veno, which integrate palm vein recognition and video features. Solutions are tailored for various scenarios including home renovation, lock replacement, and smart home integration. With a presence in over 50 countries, Lockin is supported by significant RD investment, holding over 800 patents worldwide. The companys products are designed to enhance safety and convenience through innovative technology.
Who are the top competitors of Lockin?
Lockin's top competitors include igloohome, Assa Abloy and Level.
What products or services does Lockin offer?
Lockin offers Veno Pro, Veno Plus, and Veno.
Who are Lockin's investors?
Lockin has 19 investors. Key investors include Xiaomi, Baidu, Lenovo, Redstar Macalline, and SiG - C.
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