News

KeyMe cloud-based key solution raises another $25 million

December 7, 2016

KeyMe, a startup that allows users to store, share, and duplicate their physical keys using a digital scan stored in the cloud, has raised $25 million in a funding round, led by Benefit Street Partners, an affiliate of Providence Equity Partners, according to Vator, an entrepreneur news site.

This new round follows the company's $15 million Series C raised in September, bringing KeyMe's total funding to $70 million. Previous investors included QuestMark Partners, Comcast Ventures, Battery Ventures, White Star Capital, 7-Eleven, Ravin Gandhi and the Polsky Family Office.

The new round of financing will go toward supporting the company’s expansion plan to add, on average, more than 50 new kiosks per week, bringing more than 3,000 next-generation kiosks to retailers by next year.