What is Minute Key?
Founded in 2008 and headquartered in Boulder, Colorado, Minute Key has revolutionized the traditional key duplication industry through its patented self-service kiosks. Deployed in thousands of high-traffic retail locations across the United States and Canada, these kiosks leverage advanced robotics, electronics, and software engineering. Minute Key offers both business-to-business services and direct-to-consumer solutions via its kiosks and mobile application, solidifying its presence throughout North America.
How much funding has Minute Key raised?
Minute Key has raised a total of $147.7M across 7 funding rounds:
Private Equity
$1.6M
Other Financing Round
$10.6M
Unspecified
$10M
Series B
$10M
Series C
$30M
Private Equity
$2.5M
Private Equity
$83M
Private Equity (2009): $1.6M, investors not publicly disclosed
Other Financing Round (2011): $10.6M led by Matrix Partners and Serent Capital
Unspecified (2012): $10M, investors not publicly disclosed
Series B (2012): $10M featuring Matrix Partners and Serent Capital
Series C (2014): $30M backed by Main Street Capital
Private Equity (2016): $2.5M, investors not publicly disclosed
Private Equity (2018): $83M led by Lincoln International and Comvest Partners
Key Investors in Minute Key
Main Street Capital
Main Street Capital is a principal investment firm that provides long-term debt and equity capital to lower middle market companies, focusing on management buyouts, recapitalizations, and growth financings.
Matrix Partners
Matrix Partners is an investment firm specializing in early-stage technology and service businesses, known for its strategic backing of high-growth companies.
Lincoln International
Lincoln International is a global investment banking firm that provides mergers and acquisitions, capital raising, and financial advisory services, with a strong focus on the middle market.
What's next for Minute Key?
The recent major strategic investment in Minute Key signals a strong commitment from its backers to fuel further innovation and market penetration. This capital infusion is likely to support the expansion of its kiosk network, enhance its mobile app capabilities, and potentially explore new security-related service offerings. As a company that has consistently modernized a legacy industry, Minute Key is well-positioned to capitalize on its technological advantages and growing demand for convenient, secure key duplication services.
See full Minute Key company page
