Keyway Commercial Real Estate Technology Platform Closes $ 15 Million Funding Round to Expand Access to Real Estate for Small and Medium-Sized Businesses
NEW YORK, November 12, 2021 / PRNewswire / – keyway, a commercial real estate technology platform for owners of small and medium-sized businesses, today announced a $ 15 million seed funding round led by Canvas Ventures with participation from Montage Ventures, FJ Labs and Crosscut. General Partner of Canvas Ventures, Rebecca lynn, has also joined the Board of Directors of Keyway.
This capital injection allows Keyway to triple its team, mainly in engineering and product, which already includes alumni of Goldman Sachs, Capital One, Jamestown, Google and Brookfield, among others.
Keyway’s initial product is a sale-leaseback solution for cash-seeking business owners, an area where transaction difficulties are most acute. Additional products will follow in the coming months, including an extension solution for operators looking to lease a new location and a rental solution with an option to buy. The company mainly focuses on the medical sector, covering medical office buildings as well as dental and veterinary businesses.
“Over the past decade, the majority of PropTech innovation has focused on residential real estate. We are delighted to be at the forefront of changing the 16 trillion dollars The commercial real estate industry in the United States, ”said CEO and co-founder Matias Recchia. “Because real estate plays such a critical role in the success and viability of small and medium-sized businesses, we founded Keyway to provide access to the resources and opportunities that large businesses already enjoy, leveling the playing field. “
“Keyway is uniquely positioned to modernize the commercial leaseback process and reinvent the commercial real estate market for SMEs as a whole. By evolving the way real estate is handled using data science and machine learning, Keyway will help real estate owners experience greater transparency and improved returns, ”said Rebecca lynn, co-founder and general partner of Canvas Ventures and member of the board of directors of Keyway. “We are confident that Matias, Sebastian and the impressive Keyway team have what it takes to create the next generation digital platform for commercial real estate transactions. “
Keyway’s sale-leaseback allows business owners to sell their property for full value while staying in one place with a long-term lease. The company offers a data-driven offering, a standard contract and an online transaction process to ensure a fair and timely close.
“We want to simplify the real estate transaction experience for business owners and their brokers. Today, expensive and opaque transactions that take an average of 13 months to close mean that companies are missing out on investment and expansion opportunities because they cannot access the capital tied up in their physical assets, ”says COO and co- founder Sebastien wilner. “Our solution reduces shutdown time by 90% and costs by 50% for business owners.”
“Our investment in Keyway stems not only from how they will transform commercial real estate transactions, but also how this change will positively impact the ability of small and medium-sized businesses to engage in these transactions,” said Matthieu murphy, Partner of Montage Ventures.
“Working with Keyway has been incredibly easy,” said Keyway customer and founder of QLTC Pharmacy, John sheehan. “I received the full value of my commercial real estate without a complicated, disruptive or lengthy transaction. The process was simple and fair, and I look forward to renting out the space my business already occupies for many years to come. “
Keyway’s emphasis on 10 million dollars Net leases fill a key access gap for investors, as most institutional funds target larger assets. The company has already entered into agreements in several states, including Texas, Georgia and Illinois and see you $ 250 million in its pipeline for nationwide transactions.
To learn more about Keyway, visit whyikeyway.com
About the keyway
Keyway is the commercial real estate platform that makes it easy and fast for small and medium-sized businesses to achieve their goals. The company starts off with a sale-leaseback solution to provide business owners with capital to invest in their growth. The company was founded in 2020 and is headquartered in New York.