News

KeyMe kiosk key copier raises $15M

September 21, 2016

KeyMe has raised $15 million in funding for its key copying kiosk operation. The kiosk lets users make physical key copies and save digital copies of their keys in the cloud, according to a press release.

The company has raised $45 million to date, after raising $20 million in a second funding round in December 2015. QuestMark Partners was the main leader of this third funding round. KeyMe plans to use the funds to deploy more than 3,500 new kiosks in retailers.

Users can save their keys in the cloud and recover a copy by via fingerprint access at a kiosk or downloading KeyMe's iOS or Android app. The kiosk is designed to use robotics technology to provide accurate copies, according to the release.

"KeyMe is poised to help tens of millions of consumers securely and conveniently copy keys at their local retailer," Greg Marsh, founder and CEO of KeyMe, said in the release. "This new round of funding will help us meet explosive retailer demand for tens of thousands of new kiosks and fundamentally disrupt a $7.5 billion per year industry."