Companies · SaaS / Software

Latchel, Inc.Winter 2019Active

Tacoma · WA, USA; Remote · SaaS / Software · refined from filed group “Other Technology · founded 2018 · http://latchel.com

Diligence memoA one-page analyst read on Latchel, Inc. — recommendation, valuation, rhythm, risks.
$26.1M
Total raised · real
4
Rounds
0.2×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Tue Apr 12 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Latchel, Inc. has raised $26M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the saas sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 4.2 yr ago; this sector typically re-raises about every 22 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in SaaS / Software

Latchel, Inc. is one of 381 SaaS / Software companies tracked from Tacoma, WA, USA; Remote, on record since 2018. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

24/7 emergency maintenance department for property managers and…

Latchel is the only end-to-end platform that automates maintenance coordination and delivers best in class resident amenities. We service over 80,000 homes across over 400 customers in all 50 states of the US. We’re growing rapidly and need a Product Designer to continue our rapid growth trajectory.

SaaS
Find Latchel, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2022-04-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MPre-Seed · 2018-07-01 Raised $500K (real) Modeled valuation $24M (est)$500K$24MPre-Seed2018Series A · 2019-03-05 Raised $4.4M (real) Modeled valuation $138M (est)$4.4M$138MSeries A2019Seed · 2019-03-05 Raised $3.4M (real) Modeled valuation $131M (est)$3.4M$131MSeed2019Series B · 2021-03-29 Raised $17M (real) Modeled valuation $451M (est)$17M$451MSeries B2021Series B · 2022-04-12 Raised $4.1M (real) Modeled valuation $73M (est)$4.1M$73MSeries B2022+$4.4M+$3.4M+$17M+$4.1MCumulative $30M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$500K · 2018
Series A$4.4M · 2019no Seed on file
Bridge · Series A-stage$3.4M · 2019smaller follow-on
Series B$17.2M · 2021
Series B extension$4.1M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$73.5M
Base estimate est.
$10.3M
Conservative case
$201.2M
Upside case
$22.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the saas sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $24.1M · 2018-07-012018Series A · modeled $137.8M · 2019-03-05Seed · modeled $130.6M · 2019-03-05Series B · modeled $450.9M · 2021-03-29Series B · modeled $73.5M · 2022-04-122022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.45×/yr
Annual markup
1.75×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
saas
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$6.9M/yr
Capital velocity
8.0 yr
On record since
2018
First round
5
Rounds on file
How it compares to the market

Benchmarked against 381 companies in SaaS / Software. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 3.4× above median
This company$26.1M
Sector median$7.7M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$4.1M
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$73.5M
Sector median$86.5M

Raised more than 97% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Thunkable, Inc. · Series B Raised $25.3M · modeled $482.7M (est)HireArt Inc. · Series B Raised $33.7M · modeled $19.5M (est)Latchel, Inc. (this company) Raised $26.1M · modeled $73.5M (est)Latchel, Inc.
CompanyStageRaised · realValue · estvs peer med.
Thunkable, Inc.Series B$25.3M$482.7M6.57×
Latchel, Inc. this companySeries B$26.1M$73.5M1.00×
HireArt Inc.Series B$33.7M$19.5M0.27×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$500K2018-07-01$2.8M$24.1M90%
Series A$4.4M2019-03-05$19.9M$137.8M90%
Seed$3.4M2019-03-05$16.9M$130.6M90%
Series B$17.2M2021-03-29$95.3M$450.9M90%
Series B$4.1M2022-04-12$22.8M$73.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$500K2018-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Series A$4.4M2019-03-05
    • Came back fast: 8 mo vs the ~22 mo sector norm.
    • Round 8.8× larger than the prior — scaling up.
    • 33 investors on this round.
  3. Seed$3.4M2019-03-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 31 investors on this round.
  4. Series B$17.2M2021-03-29
    • Raised 25 mo later, in step with the ~22 mo sector norm.
    • Round 5.1× larger than the prior — scaling up.
    • 51 investors on this round.
  5. Series B$4.1M2022-04-12
    • Came back fast: 12 mo vs the ~22 mo sector norm.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~11mo cadence
$4.1M
Modeled next size est.range $4.1M$6.6M
0.2×
Last step-up
$6.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
WILLIAM GORDON6 other2018-07
Jiang Lin2 other2021-03
Ethan Lieber2018-07
Registry & provenance

Latchel, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1726132
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Thunkable, Inc.SaaS / SoftwareSeries B$25.3M$482.7Msame sector · same stage
Quartzy, Inc.SaaS / SoftwareSeries B$27.5M$173.0Msame sector · same stage
GrowthBook, Inc.SaaS / SoftwareSeries B$22.6M$125.3Msame sector · same stage
Coursedog, Inc.SaaS / SoftwareSeries B$22.2M$496.7Msame sector · same stage
HireArt Inc.SaaS / SoftwareSeries B$33.7M$19.5Msame sector · same stage
PopSQL, Inc.SaaS / SoftwareSeries B$17.4M$352.1Msame sector · same stage
Ngmoco IncOther TechnologySeries B$34.2M$737.0Mnetwork1 shared operator · same stage
Hone Group Inc.Other TechnologySeries B$48.2M$427.4Mnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

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Close deals faster. Digitally.
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Heap Inc.
Captures user interactions with no code to generate analytics.
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Sorted
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AccessOwl
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Frequently asked
How much funding has Latchel, Inc. raised?
Latchel, Inc. has raised approximately $26.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Latchel, Inc.'s estimated valuation?
Provath's modeled valuation for Latchel, Inc. is approximately $73.5M (modeled range $10.3M–$201.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Latchel, Inc. at?
Latchel, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Apr 12.
What does Latchel, Inc. do and where is it based?
Latchel, Inc. operates in the SaaS / Software sector, based in Tacoma, WA, USA; Remote. 24/7 emergency maintenance department for property managers and…
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