2024 Revenue
$15M(Est.)
Funding
$25.3M
Team
76
Founded
2004
LockState Revenue & Funding (2024)
LockState generated an estimated $15M in annual revenue in 2024. Source: GetLatka estimate
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.comEstimated |
| 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 | Not recorded |
| 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 | - | - | Not recorded |
| 2018 | Series A | $5.8M | - | - | Not recorded |
| 2015 | Seed | $1M | - | - | Not recorded |
| 2008 | Seed | $740K | - | - | Not recorded |
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.
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) | Not recorded |
| 2024 | Reached 87 employees (October 2024) | Not recorded |
| 2023 | Reached 87 employees (December 2023) | Not recorded |
| 2022 | Reached 81 employees (December 2022) | Not recorded |
| 2022 | Reached 68 employees (January 2022) | Not recorded |
| 2021 | Reached 69 employees (December 2021) | Not recorded |
| 2021 | Reached 57 employees (April 2021) | Not recorded |
Frequently Asked Questions about LockState
What is LockState's revenue?
As of 2024, LockState generated an estimated $15M in annual revenue.
Who founded LockState?
LockState was founded by Nolan Mondrow.
When was LockState founded?
LockState was founded in 2004.
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?
As of 2024, LockState had 76 employees.
Where is LockState headquartered?
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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