Check out the 9-slide pitch deck this ex-Googler used to raise $15 million for SME property tech startup Keyway
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- SME property tech startup Keyway just raised $15 million a seed funding round.
- The New York firm was backed by investors at Canvas Ventures, FJ Labs, and Crosscut.
- Insider got an exclusive look at the pitch deck Keyway used to bring investors on board.
Keyway, a real estate platform for small and medium-sized businesses, has just raised $15 million in fresh funds from boutique investor Canvas Ventures.
The New York-based startup uses machine learning to speed up the processes around a range of different types of commercial property deals for SMEs. The company claims it can secure an offer for 100% of the value of a business owners’ property within 48 hours and then agree to rent in back on a long-term lease.
In the event of an SME looking to expand, Keyway will buy the desired property on its behalf which can then be rented or eventually bought out over time. The startup bills itself as the first commercial property tech startup to target offices worth less than $10 million.
Keyway, which was founded in 2020, aims to fill a “key gap in the market” by focusing on lower-value commercial properties, as most commercial real estate firms target more expensive assets. The firm claims it can half customers’ fees, and radically speed up the pace of completion, closing some deals in as little as four weeks.
“Real estate plays a critical role in the success and viability of small and medium businesses,” said CEO and cofounder Matias Recchia. “We founded Keyway to provide access to the resources and opportunities that larger companies are already enjoying.”
“We want to simplify the experience of transacting real estate for small and medium business owners,” added cofounder and COO Sebastian Wilner, a former AI program manager at Google.
Alongside Canvas, Keyway also won the backing of investors from Montage Ventures, FJ Labs, and Crosscut. Rebecca Lynn, a general partner at Canvas, has joined the firm’s board.
Insider got an exclusive look at the pitch deck Keyway used to win investors over. Check it out below: