Nexkey Raises $6M in Series A Funding

nexkeyNexkey, a San Mateo, CA-based end-to-end provider of mobile access control solutions, raised $6m in Series A funding.

The round was led by Upfront Ventures, with participation from Manu Kumar’s K9 Ventures, Mark IV Capital and Anand Chandrasekaran, former Head of Platform for Messenger at Facebook.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Eric Trabold, CEO, Nexkey provides a secure, cloud-connected app that turns any smartphone into a digital key, allowing businesses to do away with cumbersome keycards, fobs, and metal keys. Administrators can use the app to send smart keys, manage when and how users can access a given space, and remotely unlock doors for guests.
The app automatically recognizes and selects matching smart keys as individual users approach different doors. Users who do not have the app can unlock doors via text messages with a unique code.

Six months after launch, the company’s mobile access solutions are already used by more than 8,500 active users.



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