KeyMe Raises $20M Series B Financing

KeyMe_logoKeyMe, a NYC-based locksmith that saves and duplicates nearly every type of key, raised $20m Series B financing.

The round was led by Comcast Ventures with participation from Battery Ventures, White Star Capital, 7-Ventures, the venture arm of 7-Eleven, Ravin Gandhi, Coinstar founder Jens Molbak and The Michael Polsky Family Office, among others.

The company intends to use the funds to launch its kiosks in new markets nationwide, expand its proprietary technology, scale kiosk production and expand its executive team.

Founded in 2012 by Greg Marsh, CEO, KeyMe provides technology to copy, share and personalize keys and solve lockouts. The company’s smart kiosks present in major retailers including Sears®, Kmart®, Bed Bath & Beyond®, Rite Aid®, Lowe’s®, Albertsons®, 7-Eleven® and others can copy keys in under 30 seconds, while its mobile applications enable customers to scan, save and share a digital copy of their key and order copies shipped to their door.
The company aims to ship well over 1,000 kiosks this year and 10,000 new kiosks within the next 36 months.



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