AgentTechnology

August Home, maker of smart locks, closes $25M in Series C funding

August Homes' funding boost highlights growing adoption of technology that can streamline property showings
  • The technology overlaps with alternatives or supplements traditional lockboxes, such as Master Lock's Bluetooth Lock Box, Prempoint and Toor.
  • Each product allows homebuyers to use their smartphones to pop in and out of homes with the permission of agents or homeowners.

Smart lock provider August Home is gearing up to boost the reach of products that turn smartphones into "a command center for the front door." The startup has closed a $25 million Series C funding round, highlighting the growing adoption of technology that can streamline property showings, including visits by homebuyers unescorted by agents. (August Home didn't immediately respond when asked if its products are sometimes used for showings.)   August Home's products include a smart lock that turns a smartphone into a key that can be used to unlock a door and create virtual keys for guests; a keypad that lets users create unique entry codes for visitors, including service providers; and a doorbell camera that lets users speak remotely with visitors who are at the door. The company has built partnerships with Airbnb, Amazon and Nest, which have streamlined home deliveries, access for short-term guests and visits by home service professionals, among other things. F...