minuteKEY operates a network of patented self-service key-duplication kiosks that combine robotics, electronics and software engineering. The kiosks are deployed in thousands of retail locations in the United States and Canada, including Walmart, Lowe’s and Menards. The company reports it has copied over $140 million in keys to date. minuteKEY has released a third-generation kiosk with a smaller footprint, bigger screen and more key chutes to support additional key types and designs. The business is led by CEO Randy Fagundo and CFO Andy Volkmann. It intends to use newly raised capital to continue growth and roll out to retailers across the United States and Canada. MinuteKEY builds self-service kiosks that allow consumers to duplicate keys by using a touchscreen, inserting the key, selecting style and quantity, paying, and receiving new keys cut in about 60 seconds. The company raised $30M in funding to accelerate expansion and innovation, bringing total capital raised to over $81M. It intends to use the new funds to expand kiosks at high-traffic retail locations across the United States and Canada and to continue product innovation. MinuteKEY was founded in 2008 by CEO Randy Fagundo and is based in Boulder, Colorado. Earlier investors in the company include Matrix Partners and Serent Capital. MinuteKey builds self-service key-duplication kiosks that let customers use a touchscreen to select key style and quantity, pay, and insert a key for duplication in roughly 60 seconds. The company was founded in 2008 and is led by CEO Randy Fagundo. MinuteKey’s machines are deployed in retail locations and the company says it will use new funding to expand its presence with retailers nationwide. The announcement reports a $10.6M funding round to support that expansion. Existing investor Matrix Partners participated in the round.

Total raised

$124M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2018