Allegion Ventures will invest between $250,000 and $5m in physical security technology developers on behalf of its parent company.
Ireland-based security product manufacturer Allegion has formed a $50m corporate venturing vehicle called Allegion Ventures that will invest in complementary technologies.
Spun out of industrial product and home appliance group Ingersoll Rand in 2013, Allegion owns a range of security brands including lock maker Schlage, door exit system provider Von Duprin and bicycle lock producer Kryptonite.
Allegion Ventures will make investments of $250,000 to upwards of $5m in early-stage companies working on technology that can make buildings more secure and…
