Quick Take
Comcast Ventures (CMCSA) has led a new financing round of $25 million in KeyMe.
KeyMe is commercializing a new and convenient way for people to store and duplicate their physical keys via a mobile app and kiosk.
Comcast is primarily a company focused on the consumer and home environment, so KeyMe’s value proposition is in line with Comcast’s operations. KeyMe is growing rapidly, so the investment was likely an easy decision, assuming valuation wasn’t too high.
