KeySavvy is a Seattle, WA–based provider of a transaction platform that simplifies and secures private-party vehicle transactions. Its platform eliminates payment and title fraud and guides buyers and sellers through complex private-party transactions. For peer-to-peer vehicle marketplaces and lenders it enables used, end-to-end transactions that help partners deliver a superior customer experience. The company intends to use the $4.25M in funding to grow its operations and engineering teams to support new partnerships, continue improving platform automation, and launch a fast‑financing product for buyers. The round was led by Bonfire Ventures with participation from Experian Ventures, Daher Investments and Founders’ Co-op. KeySavvy’s newest e-commerce partners include Cars & Bids, AutoCheck by Experian and Hemmings. KeySavvy operates a peer-to-peer vehicle payment platform designed to remove the risk of title fraud for buyers and payment fraud for sellers in private used-car transactions. The company charges buyers and sellers a flat fee of $79 and also partners with other peer-to-peer vehicle marketplaces, offering various integration options. KeySavvy was founded last year by former colleagues from Seattle auto-sale platform Tred. The startup is led by CEO Andrew Crowell and CTO Jason Hoetger. Financially, the company announced a $2 million seed funding round from Porsche Ventures and Founders’ Co-op. The product focus and marketplace integrations suggest a go-to-market strategy centered on embedding KeySavvy into existing peer-to-peer vehicle marketplaces.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2024