# Keychain funding: rounds and investors

> Keychain has raised $45M across 3 rounds since 2025. Investors include BoxGroup, Wellington Management and Bright Pixel. Every round with its source.

Source: https://millionrounds.com/company/keychain (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Keychain*

3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Consumer Goods Cybersecurity Logistics

Raised 12 months ago

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Funding summary Updated 5 Nov 2026

**$45M** raised across 3 rounds since 2025, from 5 sources

**$5.0M** Seed **$30M** Series B **$10M** Series B

- **Latest round:** Series B, $10M Nov 2025
- **Led by:** W23 Global
- **Biggest round:** $30M Series B · Aug 2025
- **Investors:** 7 (4 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$5.0M** Seed

**$30M** Series B

**$10M** Series B

- **First round:** Seed, $5.0M
- **Biggest round:** $30M
- **Usual gap between rounds:** 6 months

## The rounds

- **Nov 2025** Series B **$10M** *4 new* *2 returning* [W23 Global](https://millionrounds.com/fund/w23-global) Lead [SV Angel](https://millionrounds.com/fund/sv-angel) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Afore Capital](https://millionrounds.com/fund/afore-capital) Reported by AlleyWatch and 1 other
- **Aug 2025** Series B **$30M** *2 new* [BoxGroup](https://millionrounds.com/fund/boxgroup) Lead [Wellington Management](https://millionrounds.com/fund/wellington-management) Lead Reported by TechCrunch and 1 other
- **Feb 2025** Seed **$5.0M** *1 new* [Bright Pixel](https://millionrounds.com/fund/bright-pixel-capital) Lead Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2025 **Series B** 2025 **Series B** 2025 [BoxGroup](https://millionrounds.com/fund/boxgroup) L [Wellington Management](https://millionrounds.com/fund/wellington-management) L [Bright Pixel](https://millionrounds.com/fund/bright-pixel-capital) L [W23 Global](https://millionrounds.com/fund/w23-global) L [SV Angel](https://millionrounds.com/fund/sv-angel) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Afore Capital](https://millionrounds.com/fund/afore-capital)

## Everyone who backed them

[BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **2** rounds, led 1

[Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **2** rounds, led 1

[Bright Pixel](https://millionrounds.com/fund/bright-pixel-capital) Corporate VC **1** round, led 1

[W23 Global](https://millionrounds.com/fund/w23-global) Growth equity **1** round, led 1

[SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round

[Afore Capital](https://millionrounds.com/fund/afore-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=keychain).

## Also claim to have backed them

These 9 firms list Keychain as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) VC firm Per its own site

[Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) VC firm Per its own site

[301](https://millionrounds.com/fund/301) Corporate VC Per its own site

[Seven Stars](https://millionrounds.com/fund/seven-stars) VC firm Per its own site

[Commerce VC](https://millionrounds.com/fund/commerce-vc) VC firm Per its own site

[E2JDJ](https://millionrounds.com/fund/e-squared) VC firm Per its own site

[LifeX Ventures](https://millionrounds.com/fund/lifex-ventures) VC firm Per its own site

[Sonae IM](https://millionrounds.com/fund/sonae-im) Corporate VC Per its own site

[Investopad](https://millionrounds.com/fund/investopad) Investment firm Per its own site

## Quick answers about Keychain

### Who invested in Keychain?

Keychain's investors include BoxGroup, Wellington Management, Bright Pixel, W23 Global and SV Angel, and 2 more on record. W23 Global led its latest round.

### How much has Keychain raised?

Keychain has raised $45M across 3 rounds since 2025.

### When did Keychain last raise?

Keychain's most recent round was a Series B of $10M in Nov 2025, led by W23 Global.

### What was Keychain's biggest round?

Keychain's largest round on record is $30M (Series B), in Aug 2025, led by BoxGroup.

### Who backed Keychain first?

Keychain's first round on record, in Feb 2025, was backed by Bright Pixel.

### What stage is Keychain at?

Keychain's latest named round is a Series B, in Nov 2025.

### Where is Keychain based?

Keychain is based in the United States.

### Who led Keychain's rounds?

Bright Pixel led the Seed in 2025; BoxGroup led the Series B in 2025; W23 Global led the Series B in 2025.

## Companies like Keychain

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)

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