KeyMe, a US-based digital locksmith technology producer, attracted $15m in series C funding on Friday from a consortium featuring retailer 7-Eleven and Comcast Ventures, the investment arm of cable company Comcast.
The oversubscribed round was led by venture capital firm QuestMark Partners and included Battery Ventures, White Star Capital, angel investor Ravin Ghandi, Michael Polsky Family Office and unnamed additional backers.
KeyMe has developed a smartphone app that enbles users to scan keys, save their details in the cloud and have copies printed at dedicated kiosks. The kiosks can also copy the majority of digital keys used by automotive manufacturers.
The cash will go towards KeyMe’s expansion, which involves plans to install 3,500 more of its kiosks at retail stores including 7-Eleven by the end of 2017.
Nick Superina, partner at QuestMark Partners, has joined KeyMe’s board of directors in conjunction with the round. The company’s overall funding now stands at $45m, it said in a statement.
KeyMe raised $20m in a January 2016 series B round led by Comcast Ventures and backed by 7-Eleven Ventures, the strategic investment arm of 7-Eleven, as well as Battery, White Star, Michael Polsky Family Office, Ravin Ghandi and Jens Molbak.
7-Ventures had previously contributed to a $7.8m series A round in 2014 alongside White Star, Battery and Ghandi.