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.
In January 2021, TS Innovation Acquisitions Corp., a shell company backed by Tishman Speyer, combined with Latch Inc., a smart-lock and building-management software startup. The merged entity was valued at $1.56 billion, and approximately $450 million was invested in the startup.