Keye has launched from stealth mode with $5 million in seed financing from Sorenson Capital, General Catalyst, Y Combinator, ERA, Tiferes Ventures, Dunamu & Partners, and Palm Drive Capital. Notable angel investors include Kaz Nejatian (COO at Shopify), Philip Rathle (CTO at Neo4j), and Clark Valberg (former CEO of InVision).
Private equity teams face pressure to evaluate more deals quickly while maintaining high analytical standards. Traditional due diligence can be time-consuming and often overlooks critical insights, resulting in missed opportunities.
Keye addresses these issues with a platform that transforms raw deal data into structured, investor-ready insights, mirroring the workflows of top-performing investors. Unlike standard AI tools that summarize, Keye provides genuine quantitative analysis with 100% accuracy, allowing investors to make faster, informed decisions without sacrificing thoroughness.
With Keye, firms can:
- Find and Compile Data: Easily scan and organize VDR files.
- Identify Hidden Risks: Flag key facts tailored to investor profiles.
- Perform Quick Analysis: Generate retention bridges and conduct cohort analyses effortlessly.
- Export to Excel: Download analyses with dynamic formulas, avoiding hardcoding.
- Source Data: Link each data point to its raw source.
- Adapt on Demand: Make instant changes to analyses and tables.
- Benchmark Performance: Compare key metrics across deals.
The funding will accelerate hiring, especially for engineers and private equity experts, and expand Keye’s capabilities across various sectors in the M&A community.
KEY QUOTE:
“The diligence process hasn’t fundamentally changed in decades, even as the pace of dealmaking has accelerated dramatically. We built Keye because we lived this pain as investors – spending weeks on manual analysis that could be automated, missing critical patterns in the data, and struggling to synthesize insights fast enough to win competitive processes. The biggest investors in this round were initially users who saw how our platform helps them create alpha through better decisions backed by real math.”
Rohan Parikh, founder & CEO of Keye
“The Keye team is solving a significant pain point for private equity investors by unlocking the manual and time-consuming process of due diligence. As a customer of Keye, we’ve fundamentally evolved how deals progress through our pipeline. We have largely automated our data ingestion process and can get from the first meeting to extending a term sheet much quicker. Keye gives us the data we need to focus on the core questions of a business, especially since we can easily export all the analyses the platform builds into Excel, and we can’t see ourselves going a day without it anymore.”
Suril Butala, Vice President at Sorenson Capital
