Keyway Gets $15M Seed Financing Round led by Canvas Ventures

CRE tech platform Keyway recently announced a $15 million seed financing round led by Canvas Ventures with participation from Montage Ventures, FJ Labs and Crosscut. This capital injection allows Keyway to triple its team, primarily in engineering and product, which already includes alumni from Goldman Sachs, Capital One, Jamestown, Google and Brookfield, among others.

Keyway’s initial product is a sale-leaseback solution for business owners looking for liquidity, an area where transaction pains are most acute. Additional products will follow in the coming months including an expansion solution for operators looking to lease a new location and a rent-to-own solution. The company is primarily focused on the medical sector covering medical office buildings along with dental and veterinarian businesses.

“Over the last decade, the majority of PropTech innovation has centered on residential real estate. We’re excited to be at the forefront of changing the $16 trillion U.S. commercial real estate industry,” said Matias Recchia, CEO and co-founder. “Since real estate plays such a critical role in the success and viability of small and medium businesses, we founded Keyway to provide access to resources and opportunities that larger companies already enjoy, thereby leveling the playing field.”