# Nexkey

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.nexkey.com
- Total disclosed funding: $6M
- Latest round: Series A (Oct 10, 2019)
- Investors on record: 3

## About

Nexkey Inc. specializes in innovative keyless access control solutions, utilizing smartphones and smartwatches for secure door access, effectively replacing traditional keys and enhancing security for various sectors.Nexkey Inc. was founded in 2013 in San Mateo, US, focusing on delivering keyless access control systems. The company has successfully completed 3 deals, with the most recent funding round being Series A in November 2021, where they raised USD 6.00 mn led by Upfront Ventures. Eric Trabold serves as the CEO, bringing his experience to the company.Nexkey offers a sophisticated keyless access control system that uses smartphones and Apple Watches for unlocking doors. This platform allows businesses across gyms, real estate offices, coworking spaces, and places of worship to manage access remotely, granting or revoking permissions instantly while tracking usage. Designed for easy integration with existing door hardware, the system ensures security and functionality with minimal installation requirements. Nexkey's services are available across the United States and parts of Canada, catering to clients seeking modern access management solutions.Nexkey generates revenue through a subscription-based model, where businesses pay for software and hardware access. Clients, including fitness studios and commercial offices, typically enter service agreements that involve set-up fees and ongoing subscription costs based on user numbers or access points. This model supports efficient access management tailored to various client needs, positioning Nexkey as a suitable choice for a range of businesses.In November 2021, Nexkey Inc. raised USD 6.00 mn in Series A funding to expand its access control portfolio. The company plans to introduce new products designed for enhanced security features and ease of access. Additionally, Nexkey aims to enter new geographic markets, with specific targets set for expansion into Canada and other regions by 2023. The recent funding will be utilized to support these initiatives, ensuring the development of innovative solutions and facilitating growth in the access control market.

## Funding rounds

- Series A, Oct 10, 2019, $6M — Upfront, K9 Ventures, Mark IV Capital

## Investors

- Upfront (https://capitalatlas.ai/funds/upfront) — Series A
- K9 Ventures (https://capitalatlas.ai/funds/k9-ventures) — Series A
- Mark IV Capital — Series A