industries | 2 min
29th Street Capital Becomes a Major Investor for Geokey
By Geokey Marketing Team | May 8, 2023
Geokey, Inc., an access control-first software platform for residential and commercial real estate markets, today announced it has successfully closed on a $2,000,000 Fundraising Round.
Geokey provides innovative software and hardware solutions to transform access control in the residential rental real estate market.
The round, strategically led by 29SC Ventures, LLC, the venture arm division of the multifamily owner 29th Street, will enable Geokey to expand its reach to more multi-family apartment properties across the nation and further enhance the Geokey platform with additional integrations and features.
“Our goal is to provide a more holistic software experience to our clients and their residents, creating opportunities to increase NOI and streamline operations, while bringing a hardware agnostic, cost-effective shift to owner’s adoption of smart-access control,” said Brandon Peterson, Geokey’s CEO.
“Geokey’s patented location-based technology, coupled with their hardware-agnostic platform, provides owners with the opportunity to retrofit existing assets in a significantly more cost-effective manner, as well as rethink and eliminate certain hardware packages on new developments. We are pleased to bring our capital, existing and developing assets, and our team to partner strategically with Geokey in the access control space,” said Mark Chrisman, Managing Principal, 29SC Ventures, LLC.
Geokey has proudly partnered with numerous other organizations and manufacturers and integrated with several different products serving a wide range of functions. Providing a one-management, hardware-agnostic solution to access control, they have and will continue to give other industries, ranging from multifamily to commercial properties, the opportunity to take control of their security while increasing their properties NOI.
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