What is KeyMe?
KeyMe operates at the intersection of retail technology and automated manufacturing. The company provides a seamless consumer experience through its network of thousands of kiosks, which allow for the instant duplication of keys. Furthermore, the firm leverages a proprietary mobile application that enables users to digitally scan keys and have them shipped directly to their location. This dual-channel approach—combining physical retail presence with digital accessibility—has allowed KeyMe to disrupt the legacy locksmith industry. By focusing on high-traffic retail environments, the company has successfully integrated its services into the daily routines of millions of consumers, establishing a robust moat through its extensive kiosk footprint and user-friendly software interface.
How much funding has KeyMe raised?
KeyMe has raised a total of $171.9M across 15 funding rounds:
Series A
$7.8M
Debt
$5.4M
Multiple Rounds
$40M
Series D
$25M
Unspecified
$50M
Other Financing Round
$35M
Debt
$1M
Debt
$75K
Debt
$477K
Series A (2014): $7.8M backed by Battery Ventures and White Star Capital
Debt (2015): $5.4M with participation from Battery Ventures and White Star Capital
Other Financing Round (2016): $5M led by City National Bank
Series B (2016): $20M supported by Comcast Ventures, White Star Capital, Battery Ventures, and 7-Ventures, LLC
Series C (2016): $15M featuring Battery Ventures, White Star Capital, Comcast Ventures, 7-Eleven, and QuestMark Partners
Series D (2017): $25M, investors not publicly disclosed
Unspecified (2019): $50M with participation from Blackrock
Other Financing Round (2020): $35M led by Brentwood Associates
Debt (2020): $1M supported by PPP
Debt (2026): $75K featuring Huntington National Bank
Debt (2026): $477K backed by Huntington National Bank
Key Investors in KeyMe
Battery Ventures
Battery Ventures is a global investment firm that partners with category-defining companies across software, enterprise infrastructure, and industrial technology sectors.
White Star Capital
White Star Capital is a multi-stage technology investment platform that supports ambitious entrepreneurs in scaling their businesses globally across transformative sectors.
Comcast Ventures
Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on consumer, enterprise, and frontier technology companies with a long-term strategic outlook.
What's next for KeyMe?
With the recent injection of $75K, KeyMe is well-positioned to accelerate its strategic growth initiatives. The company is expected to focus on expanding its kiosk network density, enhancing its digital scanning capabilities, and potentially exploring new partnerships within the retail and hospitality sectors. As the firm moves beyond its initial scaling phase, the focus will likely shift toward optimizing operational efficiency and increasing the lifetime value of its user base. By leveraging its established brand equity and technological infrastructure, KeyMe is poised to continue its trajectory as a dominant force in the automated services market, providing a scalable solution that addresses a fundamental consumer need with high precision and efficiency.
See full KeyMe company page
