KeyMe Locksmiths has secured $35.0 million in new funding, marking a significant investment in the company's mission to build a trusted brand in the locksmith industry. Serving over five million customers annually, KeyMe Locksmiths operates as a 24-hour emergency locksmith service, specializing in residential and commercial lockouts, lock repair and installation, vehicle key fob replacement, door re-keying, and key copying. The company aims to deliver a high level of customer experience, backed by a 100% satisfaction guarantee.
Central to KeyMe's operations is its network of self-service kiosks, located in over 6,000 retail locations nationwide. These kiosks leverage advanced robotics, computer vision, and machine learning to copy a wide range of residential and commercial keys, as well as car keys and fobs, often at a lower cost than traditional alternatives. This technological approach allows KeyMe to process a significantly higher volume of key copies compared to conventional hardware stores, demonstrating its commitment to innovation and efficiency.
This funding round underscores investor confidence in KeyMe Locksmiths' business model and its position as a leader in both customer experience and technological advancement within the locksmith sector. The capital raised will be strategically deployed to accelerate the company's growth initiatives. KeyMe plans to use these funds to further expand its extensive network of self-service kiosks, enhance its technological capabilities, and broaden its service offerings to meet increasing customer demand across the country.
Looking ahead, KeyMe Locksmiths is focused on solidifying its market presence and continuing to set new standards for service excellence and reliability. The company's ongoing expansion and investment in technology are central to its strategy for sustained growth and its goal of remaining the nation's highest-rated emergency locksmith service.
