Allegion Ventures Invests in Hotel Startup
(photo courtesy of Allegion Ventures)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCarmel-based Allegion Ventures is investing in Mint House, a hotel experience startup for business travelers. Allegion Ventures says the startup offers technology-aided amenities like secure mobile check-in and keyless entry, digital concierge services, and customized pre-stocked grocery delivery.
Financial terms of the deal were not disclosed.
“The Allegion Ventures investment thesis – to make security and access smarter, stronger, faster and less intrusive – is aligned with the experiences both Mint House and Kasa create for their business and leisure travelers,” said Rob Martens, president of Allegion Ventures. “As the need for what we call ‘seamless access’ has been amplified by the COVID-19 pandemic, there are opportunities across not just the hospitality market, but also commercial and institutional real estate, to innovate and delight customers, while also helping them safeguard their health through smart technologies.”
Last year, the company also invested in Kasa Living, a company using technology-powered innovation to provide flexible stay accommodations across the U.S. Martens says the two startups are driving new value for customers in a post-COVID world.
“It’s always been our mission to fundamentally improve the lives of road warriors who are tired of the legacy, box-like hotel, whether they were staying for two nights, two weeks or two months,” said Will Lucas, CEO and founder of Mint House. “Over the course of the pandemic, Mint House’s model has proven to be ahead of its time as our tech-driven concept offers a safe, reliable option that corporate travel managers feel confident in booking for their employees. We are honored to have Allegion Ventures on our side as we continue to grow, expand and innovate in the short-term rental space.”
Allegion Ventures says it can help Mint House and Kasa improve hotel experiences through secure touchless technology and contactless check-in and scaling operations.