The security product maker's coprorate venturing subsidiary has doubled the size of its debut fund for its sophomore vehicle, along with its investment size.
Allegion Ventures, the strategic investment arm of Ireland-headquartered security equipment producer Allegion, announced a $100m second fund yesterday.
The unit was formed by Allegion in 2018 with a $50m allocation for its first fund and a brief to invest in developers of technology capable of making buildings safer.
The second fund will be managed by Allegion Ventures principal Bobby Prostko, also the corporate’s chief privacy officer. It has also doubled the size of its investment range, from between $250,000…
