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Fortune

Paolo Confino

Exclusive: Manufacturing startup Keychain raises $15 million in Series A funds, including from the maker of iconic breakfast cereals

Oisin Hanrahan EY United States General Mills Paul Gallagher Angi

Keychain cofounders (Credit: JJ Ignotz Photography)

Manufacturing platform Keychain completed a $15 million Series A round of fundraising, which values the startup at just over $250 million, according to a source close to the company.

Early stage venture capital firm BoxGroup led the round with a $10 million investment. Existing venture capital investors Lightspeed Venture Partners and SV Angel participated as well. Keychain also raised money from companies that use the platform, including packaged food giant General Mills and the dairy manufacturer Schreiber Foods. This investment comes on the heels of a $2.5 million investment from Hershey in October.

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