Thank you, Reza, and all the best Oisin and the Keychain team... Excited to watch another ride of yours.
🚀 Keychain Secures $18M to Revolutionize CPG Manufacturing
Exciting news! Keychain, founded by the minds behind Handy HQ (acquired by Angi), raised $18M in a #seedfunding round led by Lightspeed, alongside BoxGroup, Afore Capital, @SV Angel, and 20 #cpgindustry. This venture aims to reshape #consumerpackagedgoods (CPG) manufacturing.
🌐 What Does Keychain Offer?
Keychain is set to launch a #manufacturing #platform for the packaged goods industry, connecting brands and retailers seamlessly with vetted manufacturers. This approach saves time, cost, and effort in sourcing products, minimizing the risk of working with new partners.
🤔 What Sets Keychain Apart?
Unlike the traditional model dominated by vetting at trade shows and brokers, Keychain brings clarity and convenience to the CPG supply chain. Creating the world's first comprehensive platform, it transforms industry dynamics.
🌍 Which Market Does Keychain Target?
Focusing on stakeholders in the CPG supply chain—brands, retailers, and manufacturers—Keychain plans to streamline operations in the $500 billion U.S. packaged goods industry.
💼 What's the Business Model?
#manufacturers, #retailers, and #brands pay based on their workflow. Starting with #foodandbeverage and large retailers, Keychain aims to expand benefits to smaller brands and retailers.
📈 How is Keychain Preparing for Economic Shifts?
Confident in its platform's ability to fill market gaps, Keychain remains resilient even during an economic slowdown, recognizing the complexity of solving CPG supply chain issues.
🔍 Keychain's Next Steps:
Gearing up for a Q1 2024 product launch, the focus is on collaborating with initial partners and manufacturers to bring this revolutionary product to life.
👏 Advice from Keychain's Founders:
For companies navigating challenges without fresh capital, be resolute in facing challenges head-on. Learn from Keychain's founders' experience at Handy, where tough decisions led to sustainable growth and profitability.
🌟 Future Endeavors:
Keychain's trajectory involves becoming an end-to-end platform, guiding partners through the entire manufacturing process, from competitive intelligence to compliance.
🔗 Learn More:
Explore AlleyWatch's coverage here - https://lnkd.in/eTabjATQ
Exciting times are ahead for Keychain, reshaping the #CPGmanufacturing landscape. Follow their journey for updates! 🚀🛍️
#Keychain #CPGManufacturing #StartupFunding #innovationhub #venturecapital #startups #startupecosystem
CEO. Founder. Advisor. Board Member.
5moAlways great to work with the Red Antler team!