Property developers Tishman Speyer and Camber Creek took part in a Brookfield Ventures-led round that boosted the security system developer's total funding to $96m.

US-based smart lock producer Latch raised $70m yesterday in a series B round featuring real estate developers Tishman Speyer and Berman Enterprises, the latter investing through venture capital vehicle Camber Creek.

The round was led by Brookfield Ventures, the VC arm of asset management firm Brookfield Asset Management, and included Lux Capital, RRE Ventures, Primary Venture Partners, Third Prime, Corigin Ventures and Balyasny Asset Management.

Latch has created a smart access system for buildings that enables users to open doors…