KeyMe, a US-based digital locksmith technology developer backed by mass media company Comcast and retail chain 7-Eleven, raised $25m in a series D round yesterday led by Benefit Street Partners.
Founded in 2012, KeyMe operates a smartphone app for users to scan their keys, save them in the cloud and have copies printed at dedicated kiosks located in a variety of locations including 7-Eleven stores. The kiosks can also copy modern-day transponder keys used by cars.
The money will support KeyMe’s expansion plans, helping to add more than 50 kiosks per week up to a total goal of 3,000 kiosks by 2017.
The company has now raised $70m in total funding. Comcast Ventures, the corporate venturing unit of Comcast, and 7-Eleven previously contributed to a $15m series C round in September 2016 led by QuestMark Partners.
Other investors in the series C round included Battery Ventures, White Star Capital, Michael Polsky Family Office, angel investor Ravin Ghandi and unnamed backers.
Comcast Ventures led a $20m series B round in January 2016 with participation from 7-Eleven Ventures, the retailer’s investment arm, Battery, White Star, Michael Polsky Family Office, Ravin Ghandi and Jens Molbak.
7-Ventures had also contributed to a $7.8m series A round in 2014 alongside White Star, Battery and Ghandi.