Openpath, a security startup specializing in modern mobile access control for the built world, announced it’s closed a Series C funding round of $36M, led by Greycroft, with participation from Okta Ventures, LPC Ventures, Allegion Ventures and Sentre, including follow-on from existing investors.
HR Technology News: Avitecture Aids Company’s Reopening with Contactless Temperature Scanners
“We’re proud of the success we’ve had bringing to life our safety platform for the built world, and we believe that it’s a noble and important vision that Openpath is dedicated to continue executing.”
The new round is being used to accelerate Openpath’s product engineering, hardware and software development, and will support Openpath’s expanding client-base across new verticals, as their core safety platform for the built world continues to gain traction in the U.S. and internationally.
“Openpath is clearly one of the most innovative companies in PropTech. Their solution has been rapidly accepted by the market and it’s clear to me they will be the leading access security platform for the built world,” said Mark Terbeek, Partner at Greycroft. “We have followed this team closely since their launch and preempted their fundraise plans, along with a host of important strategic investors, to lead this new round of capital. We are thrilled to be an investor as they execute on their ambitious road map and bring critical new solutions to a marketplace suddenly impacted by COVID-19.”
HR Technology News: Return To Work Safely With The New Work | Space App, By Equal Experts
Openpath has fundamentally changed the way that we enter and secure buildings to meet the needs of the ever-evolving nature of work. By leveraging a mobile credential and cloud based software, they have enabled a frictionless and touchless experience for how we access space. Their systems, which have been deployed by real estate industry leaders including Hines and Lincoln Property Company, give both landlords and tenants more control over their physical security without the heavy IT costs and administrative friction associated with legacy access control solutions. More recently, Openpath launched their unique hands-free Wave to Unlock entry and a range of other Safety & Wellness solutions which are driving massive change to safeguard the workplace cultures as we work towards a post-COVID-19 future.
HR Technology News: TecHRseries Interview with Kelly Lockwood Primus, CEO & President, at Leading Women