Keychain, the New York-based manufacturing platform for packaged goods, has secured $18 million in a seed funding round led by Lightspeed Venture Partners. The round also saw participation from BoxGroup, Afore Capital, SV Angel, and more than 20 professionals in the consumer packaged goods industry.
Founded in 2023 by Umang Dua and Oisin Hanrahan, Keychain operates with a network of over 10,000 manufacturers. The platform, driven by proprietary artificial intelligence, assists brands in finding suitable manufacturing partners globally. The company’s comprehensive services include competitive intelligence, manufacturer sourcing, terms negotiation, onboarding, and compliance.
While the company is headquartered in New York, it is actively building its engineering team in Gurgaon, reflecting its commitment to the global manufacturing space. Keychain plans to open its platform to select retailers and brands in 2024. As of now, it is available only to invited partners.
CEO Oisin Hanrahan emphasized that Keychain addresses the challenge brands face in finding the right manufacturing partners amid the complexity of the current system. Raviraj Jain, a partner at Lightspeed Venture Partners, commended Keychain for leveraging smart technology to tackle real-world manufacturing challenges effectively.
That’s awesome news! Keychain Global is making a big impact in the manufacturing industry. They’ve just secured a whopping $18 million in funding and are becoming a major player in the global manufacturing space. Sending my best wishes to the Keychain Global team!~ Dr Shishir Gupta founder & CEO of StartupLanes
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