Keyway, a New York-based commercial real estate technology platform, raised $15M in Seed funding.
The round was led by Canvas Ventures with participation from Montage Ventures, FJ Labs and Crosscut. In conjunction with the funding, Canvas Ventures General Partner, Rebecca Lynn, joined Keyway’s board.
The company intends to use the funds to accelerate growth for its first solution, a sale-leaseback for medical operators, and triple its team, , primarily in engineering and product.
Led by CEO Matias Recchia, Keyway provides a commercial real estate platform for small and medium businesses. Its initial product is a sale-leaseback solution for business owners looking for liquidity. The sale-leaseback allows business owners to sell their property for the full value while remaining in the same location with a long term lease. The company provides a data-backed offer, standard contract and an online deal process to ensure a fair and fast closing.
Keyway focuses on under $10M net-lease contracts and has already completed deals across multiple states including Texas, Georgia and Illinois. It has over $250 million in its pipeline for nationwide transactions.
Additional products will follow in the coming months, including an expansion solution for operators looking to lease a new location, and a rent-to-own solution. The company is primarily focused on the medical sector, covering medical office buildings along with dental and veterinarian businesses.