Oisin Hanrahan’s Keychain on a mission to bring transparency to the US manufacturing ecosystem.
Keychain, a venture co-founded by Irish serial entrepreneur Oisin Hanrahan, has raised $5m in investment, in a mission to transform how products get made.
The business, an AI-powered manufacturing platform that enables brands, retailers and manufacturing to streamline the search and discovery process, raised an additional $5m in an investment arm led by Bright Pixel Capital, the VC arm of European retail conglomerate Sonae.
“We’ve been focused on bringing much-needed transparency to the United States’ CPG manufacturing ecosystem”
Hanrahan is best known for his successful platform Handy.com, which raised almost $100m before being sold to Nasdaq-listed Angi.
The latest investment in Keychain brings to $38m the amount the business has raised so far from investors that include BoxGroup, Lightspeed Venture Partners, and SV Angel as well as other consumer packaged goods (CPG) giants General Mills, The Hershey Company, and Schreiber Foods.
A streamlined future for CPG supply chains
Keychain was co-founded by Hanrahan along with Umang Dua and Jordan Weitz, and aims to build a comprehensive platform for supply chains into CPG in supermarkets and retailers.
Keychain’s AI-powered platform, which enables brands, retailers, and manufacturers to quickly connect with manufacturing partners, is streamlining what has traditionally been a fragmented and time-intensive search and discovery process. The platform boasts a network of 30,000+ manufacturers and 20,000+ brands and retailers and, as of today, is now facilitating over $1bn in projects each month.
Now, with its search and discovery platform officially exiting the beta phase, Keychain is expanding its capabilities with the launch of two new beta products: Keychain packaging and ingredients. These products will allow brands to streamline the process of sourcing packaging materials and ingredient suppliers for their products, empowering them to quickly meet consumer demand for more sustainable and efficient production methods.
“Since Keychain launched last year, we’ve been focused on bringing much-needed transparency to the United States’ CPG manufacturing ecosystem,” said Oisin Hanrahan, co-founder and CEO of Keychain.
“At the same time, we’ve been looking into how we can bring our capabilities to other geographies, and the support of Bright Pixel is a huge step in that direction. We’re also excited to continue building our depth with new tools that will streamline the ways brands source packaging and ingredients.”
Main image at top: Keychain co-founders Jordan Weitz, Oisin Hanrahan, and Umang Dua
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