RemoteLock

About RemoteLock

Based in Denver, Colorado, RemoteLock operates as a software-as-a-service (SaaS) provider specializing in universal access control. Founded in 2011, and previously known as LockState, the company is steered by CEO Nolan Mondrow, who has over two decades of experience in software and e-commerce and was involved in developing the first Wi-Fi-connected locks. The firm targets its solutions at property managers in the multifamily, vacation rental, and commercial sectors, serving over 10,000 customers across more than 75 countries.

The core of RemoteLock's business is its cloud-based software platform that allows clients to remotely manage a diverse array of access control hardware. A key selling point is the platform's hardware-agnostic nature; it integrates with leading smart lock brands like Schlage and Yale, as well as hardwired access systems for common areas such as main entrances and garages. This enables property managers to control different types of locks across their entire portfolio from a single, unified dashboard. The business model is centered on providing this software platform, which streamlines operations by automating the generation of access codes for guests, residents, and staff, thereby eliminating the need for physical keys and manual coordination. Revenue is in the range of $10M-$50M.

Significant milestones for the company include multiple funding rounds, such as a $5.8 million Series A in 2018 and a $17.8 million Series B in 2022, which have fueled its growth and platform expansion. A strategic acquisition of SmartLock Europe in 2021 broadened its operational footprint in the UK and European markets. The founder of SmartLock Europe, Stuart Duncan, subsequently joined RemoteLock's leadership team to head European operations, bringing his experience in the regional smart-home and access control market.