US-based keyless entry technology developer UniKey raised $10m on Wednesday in an oversubscribed series A round from investors including electronics producer Samsung.
The round also featured venture capital firms Asset Management Ventures, FF Venture Capital and Oriza Ventures, corporate finance provider Axcit, angel investment group Broadway Angels, commercial real estate services provider CBRE and angel investor Haas Portman.
Founded in 2010, UniKey licenses its passive access control products, which include an app that allows users to set-up touch-to-open locks connected to their smartphones, to global technology developers. The cash will support its expansion into new geographical markets.
The company has generated $12.9m of investment to date, raising $1.1m and $1.5m in two FF Venture Capital-backed seed rounds in 2012 and 2013 respectively. It also received $325,000 in convertible note funding in July 2014 from anonymous investors.