Today, Latch announced that Garth Mitchell has joined the executive team as Senior Vice President of Finance and Strategy. Based out of the company’s headquarters in New York City, he will establish and oversee all financial, accounting, and strategic development priorities.
Mitchell brings more than a decade of investment banking, corporate finance, and technology investing experience to the newly created role. He began his career at Lazard in the wake of the 2008 recession, where he participated in numerous landmark real estate restructurings including that of Manhattan’s Stuyvesant Town. He then joined Millennium Partners as lead Internet and software analyst, where he ran diligence on over thirty internet and software IPO's, and developed a deep understanding of how rapidly growing businesses scale operations.
Mitchell left Millennium to join Assembled Brands, the holding company launched by Adam Pritzker to create and invest in the next generation of disruptive consumer brands. There, he served on the committee formed to drive brand acquisitions and entrances into new markets. He brought this experience to Lucus Advisors, leading a variety of private and public investments in the tech, media, and telecom sectors before joining Latch.
“It was important to me to bring on a financial expert with a truly diverse background across investment and operations,” said Latch CEO and Co-Founder Luke Schoenfelder. “He understands what it takes to scale a hardware, software, and services company. And aside from being one of the smartest people I’ve ever met, he operates with an integrity that has impressed me since we met more than five years ago.”
"I have long admired Latch for both its incredible suite of products and the ways in which it has built the kind of organization that can take a first-of-its-kind enterprise product to market. I am excited to help Latch build on its profound momentum by helping allocate resources to its most strategic priorities. The company has only just begun to demonstrate the types of experiences only Latch buildings can create for their residents and operators."
Mitchell’s joining coincides with the completion of Latch’s series B fundraise, which he structured to establish the next phase of the company’s growth.