Latch’s $126 Million Series B Financing

?Fenwick & West represented Latch in the transaction.

Launched in 2017, Latch is the first full-building smart access system. The company launched in 2017 with a fully integrated hardware and software solution for multi-family properties—and today, 1 in 10 new apartments depend on Latch devices to meet the needs of residents and property managers.

Avenir led the financing round, alongside existing investors including Brookfield Ventures, Lux Capital, RRE, RxR Realty, Tishman Speyer, Third Prime, Camber Creek and Primary Venture Partners.

The financing will help Latch accelerate its growth in the new construction and retrofit markets—providing residents and property managers with flexibility, convenience and security through smarter hardware, software and services. Currently, one in 10 new apartments in the United States are built with Latch.

Fenwick represented Latch with a team led by corporate partners Michael Esquivel (Picture) and Ethan Skerry and associates Allison Cooper, Feihong Xu and Benjamin Toussant; technology transactions partner Stefano Quintini; and executive compensation and employee benefits partner Shawn Lampron.???

Involved fees earner: Allison Cooper – Fenwick & West LLP; Michael Esquivel – Fenwick & West LLP; Shawn Lampron – Fenwick & West LLP; Stefano Quintini – Fenwick & West LLP; Ethan Skerry – Fenwick & West LLP; Benjamin Toussant – Fenwick & West LLP; Feihong Xu – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Latch;

Author: Ambrogio Visconti