Comcast Ventures, the corporate venturing unit of mass media company Comcast, has led a $20m series B round for KeyMe, a US-based digital key copying service.
The round also included participation by 7-Ventures, the strategic investment arm of retail chain 7-Eleven, as well as Battery Ventures, White Star Capital, The Michael Polsky Family Office, and private investors Ravin Gandhi and Jens Molbak.
KeyMe operates a chain of key duplication kiosks and also provides an app that people can use to photograph their keys, enabling the company to ship them new copies the same day.
Sam Landman, managing director of Comcast Ventures, said: “This year, KeyMe will go from hundreds of thousands of users to millions and expand its retail footprint well over tenfold. KeyMe’s innovative solution to this universal need is clearly resonating, and we believe that this company is poised to become a leading force in its industry.”
The round took KeyMe’s total funding to approximately $30m. It secured $7.8m in a 2014 series A round featuring 7-Ventures, White Star, Battery and Ghandi.