Keychain, a NYC-based manufacturing platform for the packaged goods industry, raised $18 million in seed funding.
The round was led by Lightspeed Venture Partners, with participation from BoxGroup, Afore Capital, SV Angel, and over 20 CPG industry professionals.
Founded by Handy founders Oisin Hanrahan and Umang Dua, respectively, CEO and CRO, Keychain is a platform for CPG manufacturing that works with brands and retailers to bring clarity and convenience to the process of creating products that consumers love. Starting with a network of over 10,000 manufacturers, Keychain’s proprietary, AI-powered platform helps brands quickly find the right manufacturing partners.
Oisin Hanrahan and Umang Dua are joined by cofounder Jordan Weitz, who brings experience in the CPG sector from his time in private equity and venture capital.
Moving forward, Keychain aims to help its partners navigate the entire manufacturing process, all the way from competitive intelligence and manufacturer sourcing, to terms negotiation, onboarding, and compliance.
While the company plans to open its platform to select retailers and brands in 2024, Keychain is currently available only to invited partners.
FinSMEs
14/11/2023