KeySavvy, a Seattle, WA-based provider of a platform that simplifies and secures private-party car transactions, raised $4.25M in funding.
The round was led by Bonfire Ventures. Experian Ventures, Daher Investments and Founders’ Co-op all participated in the latest cycle of financing.
The company intends to use the funds to grow its operations and engineering team to support new partnerships, continue improving platform automation and launch a fast-financing product for buyers.
Led by CEO Andrew Crowell, KeySavvy is a provider of a transaction platform that eliminates payment and title fraud in private-party vehicle transactions and guides buyers and sellers through a complex process with ease. For peer-to-peer vehicle marketplaces and lenders, it enables used, end-to-end transactions that help partners deliver a superior experience to their customers.
KeySavvy’s newest e-commerce partners include Cars & Bids, AutoCheck by Experian and Hemmings.
