Security Hardware Firm Allegion Ventures Invests in Seattle Startup Latchel's Rental Property Management Platform

Latchel, a Seattle-based startup managing single-family rental properties, received undisclosed funding from Allegion Ventures, the corporate venture arm of the security hardware company Allegion. Latchel provides software for landlords and property managers to handle tenant requests and services, with growing demand due to institutional investors buying rental properties.