Published On: 12/01/2021Categories: Agbiosciences, Economic Development, Entrepreneurs, Industry News

IBJ: Allegion Ventures Launches $100M Technology Investment Fund

Reading Time: < 1 minute

Security products company Allegion Plc says it has had such success with its initial technology-focused investment fund over the past 32 months, that it’s now launching a $100 million fund that’s double the size of the original.

The company announced Wednesday that its corporate ventures arm, Allegion Ventures, has created a fund that will invest in companies working in the internet of things, data security, building analytics, construction lifecycle management, and property management. The fund, called Fund II, aims to make investments in the range of $500,000 to $10 million.

Allegion is headquartered in Ireland, and its Americas division is based in Carmel. The company makes a range of products, from mechanical and electrical locks to electronic safety products, under brand names that include Schlage, Steelcraft, Von Duprin and others.

Read the full story here.