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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
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.
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 | - |
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.
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| Advice for 20 year old self | - |
We do not have customer count information for LockState yet.
LockState employs approximately 76 people as of 2026, down from 87 in 2023, including 12 sales reps that carry a quota.
LockState generates $15M in revenue.
LockState was founded by Nolan Mondrow.
The CEO of LockState is Nolan Mondrow.
LockState raised $25.3M across 4 rounds.
LockState has 76 employees.
LockState is headquartered in Denver, Colorado, United States.
LockState operates across multiple industries. Browse revenue, funding, and growth data for LockState in each sector below.
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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2024 Revenue
$15M
Funding
$25.3M
Team
76
Founded
2004
| 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 |
| - |
| 2008 | Seed Round | $740K | - | - |
| 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) |
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