2024 Revenue
$15M
Funding
$25.3M
Team
76
Founded
2004
LockState Revenue & Funding (2024)
Provider of connected access control systems for commercial and residential markets designed to control access to any door. The company's systems offers Wifi enabled remote lock to manage doors remotely by using codes and also know when doors are unlocked, enabling home and business owners can centrally and remotely manage property access from anywhere.
Last updated
LockState Revenue
In 2024, LockState's revenue reached $15M. The company previously reported $11.6M in 2024. Since its launch in 2004, LockState has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | LockState Hit $15m revenue in November 2024 | leadiq.com |
| 2024 | LockState Hit $11.6m revenue in October 2024 | Estimated |
| 2023 | LockState Hit $7.2m revenue in December 2023 | Estimated |
| 2021 | LockState Hit $4.8m revenue in April 2021 | |
| 2004 | Launched with $0 revenue |
LockState Valuation, Funding Rounds
LockState has not publicly disclosed its valuation. The company has raised $25.3M in total funding to date.
LockState has raised $25.3M in total funding across 4 rounds, most recently a $17.8M Series B round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series B | $17.8M | - | - | |
| 2018 | Series A | $5.8M | - | - | |
| 2015 | Seed Round | $1M | - | - | |
| 2008 | Seed Round | $740K | - | - |
Founder / CEO
Nolan Mondrow
CEO
Since 2011, he's served RemoteLock as CEO, leading the company to become the top provider of cloud-based access control and smart lock management software. As RemoteLock transitions into fall and looks back on the successes — and challenges — the past year has brought the company, its customers, and its partners, Mondrow is preparing for another noteworthy year in which universal access control will finally begin to take shape.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Advice for 20 year old self | - |
Customers
We do not have customer count information for LockState yet.
LockState Employees & Team Size
LockState employs approximately 76 people as of 2026, down from 87 in 2023, including 12 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 76 employees (December 2024) | |
| 2024 | Reached 87 employees (October 2024) | |
| 2023 | Reached 87 employees (December 2023) | |
| 2022 | Reached 81 employees (December 2022) | |
| 2022 | Reached 68 employees (January 2022) | |
| 2021 | Reached 69 employees (December 2021) | |
| 2021 | Reached 57 employees (April 2021) |
Frequently Asked Questions about LockState
What is LockState's revenue?
LockState generates $15M in revenue.
Who founded LockState?
LockState was founded by Nolan Mondrow.
Who is the CEO of LockState?
The CEO of LockState is Nolan Mondrow.
How much funding does LockState have?
LockState raised $25.3M across 4 rounds.
How many employees does LockState have?
LockState has 76 employees.
Where is LockState headquarters?
LockState is headquartered in Denver, Colorado, United States.
Compare LockState to the industry
LockState operates across multiple industries. Browse revenue, funding, and growth data for LockState in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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