OpenKeyraisesUSD8milliontoopenmorehoteldoors

Hotel keyless door entry technology provider OpenKey has raised USD 8 million in a Series A investment round.

The round was led by Ashford Group of Companies and included participation from fellow investment fund, Phoenix American.

The company (TLabs here) was created in 2014 with a piece of technology that pairs with hotel room locks that use NFC, RFID, or Bluetooth technology.

Hotel clerks can zap the key to guests’ phones, which then can be used to open locks.