In January 2021, TS Innovation Acquisitions Corp., a blank-check vehicle sponsored by Tishman Speyer, merged with the smart-lock and building-management software startup Latch Inc., valuing the combined company at $1.56 billion and injecting around $450 million into the startup.
On January 2021, TS Innovation Acquisitions Corp., a blank-check vehicle supported by Tishman Speyer, joined forces with Latch Inc., a smart-lock and building-management software company. The combined entity was estimated to be worth $1.56 billion, and around $450 million was injected into the startup.