Fenwick & West represented Latch, maker of the first full-building access system, in its $126 million Series B financing led by Avenir 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. More information about Latch’s $126 million Series B financing can be obtained from the company announcement.
The Fenwick transaction team was led by corporate partners Michael Esquivel 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.