KeyNest closes investment round with angel investors

George Sell By George Sell
21 December 2016 | Updated 16 February 2017

KeyNest, a network of key exchange points for serviced accommodation providers and users, has closed its first investment round from a group of angel investors.

Since its launch in June, KeyNest, which was founded by Florian Hoven and Marc Figueras, has opened more than 25 key exchange points across London - with more cities to be added next year, reaching tens of thousands of properties.

Designed to address the issue of co-ordinating key handovers for incoming guests and cleaners, KeyNest uses trusted local stores such as Sourced Market, located inside St Pancras station. The host or operator (or the previous guest) drops the keys at a time that's convenient for them, then sends the next guest a single-use collection code.

This round's investors include Housekeep CEO Avin Rabheru (ex-Smedvig Capital), Alex Bayliss (Cairngorm Capital), Sebastian Chambers (CIL), and Nicholas Farhi (OC&C). "KeyNest have demonstrated that they provide a valuable service to busy Londoners and Airbnb hosts, whilst providing local stores with extra footfall. We were impressed by the pace of growth being delivered and the team's ambitious expansion plans," said Avin Rabheru, whose platform also provides cleaning services to Airbnb hosts.

"We are extremely grateful to know that we have the valuable support of our investors as we launch into new markets," said Florian Hoven, KeyNest co-founder. "The majority of the funds will be used to facilitate the expansion of our network of locations, as well as further developing our tech platform to continue to perfectly fit the needs of our customers."

www.keynest.co.uk

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