# KeySavvy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/keysavvy

- Industry: Software
- Headquarters: Saint Paul, US
- Website: www.keysavvy.com
- Total disclosed funding: $6M
- Latest round: Seed (May 20, 2024)
- Investors on record: 5

## About

Founded in 2022 and based in Minnesota, US, KeySavvy, Inc. operates as a peer-to-peer payment platform for users to buy and sell cars from private parties. In November 2024, KeySavvy, Inc. raised USD 4.25 million in venture funding led by new investor Bonfire Ventures, with participation from returning investor Founders' Co-op. New investors Experian Ventures and Daher Investments also participated in the round. As of November 2023, the company is being led by its founders,  CEO Andrew Crowell and CTO Jason Hoetger.

The company provides a financial platform designed to eradicate the risk of fraud in private vehicle transactions by generating secure payment links that facilitate secure financial transactions between buyers and sellers. Additionally, the platform verifies the credibility of both parties involved, ensuring a fraud-free environment and enhancing revenue for online businesses. The platform's features encompass various transaction scenarios, including payment to a private seller, receiving payment as a seller, selling financed cars, and transactions involving collector, classic, or JDM vehicles, as well as RVs, vans, escrows, or trailers.

The platform charges a fee of USD 79 for each buyer and seller and further charges USD 99 for a vehicle being bought on a loan for loan repayment.

The company intends to use the November 2024 funding to further develop its product and support its growth strategies.

## Funding rounds

- Seed, May 20, 2024, $4M — Founders' Co-op, Daher Capital, Bonfire Ventures, Experian Ventures
- Seed, Nov 6, 2023, $2M — Founders' Co-op, Porsche Ventures

## Investors

- Founders' Co-op (https://capitalatlas.ai/funds/founders-co-op) — Seed
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Seed
- Daher Capital — Seed
- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Seed
- Experian Ventures (https://capitalatlas.ai/funds/experian-ventures) — Seed