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§ Private Profile · New York City, NY, USA
Proptech company offering AI software for commercial real estate analysts, brokers, and buyers to streamline deal sourcing and transactions below $20.
Keyway has raised $40.0M across 2 funding rounds.
Key people at Keyway.
Keyway has raised $40.0M in total across 2 funding rounds.
Keyway is a New York City-based proptech company that develops AI-powered software to simplify commercial real estate transactions below $20 million. Its Keypilot software suite offers machine learning and data science tools for analysts, brokers, sellers, and buyers, streamlining deal sourcing, underwriting, and transaction processes, reportedly reducing transaction time by 90 percent. The company has secured $40 million in equity and $70 million in debt financing, with a $25 million Series A round led by Camber Creek. Keyway currently maintains a team of 45 employees. Notable investors include Camber Creek and Canvas Ventures, backing Keyway's technology-driven approach to the commercial real estate sector. Keyway was founded in 2020 by Matias Recchia. Reported scale details include 45 employees, $40 million in equity and $70 million in debt financing raised, Series A funding of $25 million led by Camber Creek.
Key people at Keyway.
Keyway has raised $40.0M across 2 funding rounds. Most recently, it raised $25.0M Series A in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $25M Series A | Camber Creek | Andreessen Horowitz, Ascension Ventures, Canvas Ventures, Forum Ventures, Haymaker Ventures, Montage Ventures, Operator Ventures, Silverton Partners, TQ Ventures, Joao Otavio Oliverio, TOM Williams, Tony XU, William Hockey, Crosscut Ventures, Parker89, Thomvest Ventures | Announced |
| Nov 1, 2021 | $15M Seed | Canvas Ventures | Andreessen Horowitz, Astanor Ventures, Rexhep Dollaku, Fifth Wall, FJ Labs, Forum Ventures, Haymaker Ventures, Imaginary Ventures, Montage Ventures, Silverton Partners, Union Square Ventures, Joao Otavio Oliverio, William Hockey, Crosscut Ventures | Announced |
# High-Level Overview
Keyway is an AI-powered real estate technology platform that automates critical workflows for commercial real estate investors, brokers, and asset managers.[1][2] The company builds machine learning and large language model-powered software designed to digitize and streamline the traditionally manual, document-heavy processes that define real estate operations.[1]
The platform addresses a fundamental inefficiency in the real estate industry: despite decades of technological advancement, firms still rely heavily on scattered documents, manual data extraction, and fragmented systems to manage leases, loans, and financial data.[1] Keyway's solution centralizes this information and automates tasks—from document analysis to underwriting to market intelligence—that previously consumed weeks of manual labor.[1] The company serves three primary customer segments: institutional investors seeking faster deal underwriting, brokers building targeted acquisition strategies, and property managers optimizing asset pricing and compliance.[2][5]
Keyway has demonstrated strong early traction, having facilitated over $300 million in real estate transactions across multifamily and net lease verticals.[2] The company operates with 45 employees and has raised $110 million in total funding, including a recent $25 million round.[3]
Keyway was founded in 2021 by Matias Recchia and Sebastian Wilner, with Recchia serving as Co-Founder and CEO.[2][3] The company's genesis emerged from a practical insight: real estate operations, despite their scale and complexity, remain fundamentally analog. The founders recognized that machine learning and AI could unlock significant value by automating the data extraction and analysis workflows that consume disproportionate time and resources.
The company's early trajectory was marked by rapid validation. Within its first few years, Keyway transacted nearly half a billion dollars using its proprietary technology, initially deployed for internal asset aggregation and management.[1] This early success demonstrated the commercial viability of AI-driven solutions in real estate. Recognizing the broader market opportunity, Keyway pivoted to a licensing model in 2024, beginning partnerships with major brokerage firms and asset management companies.[1] The company is headquartered in New York City and counts Jack Chandler, former BlackRock chairman and head of global real estate, among its advisors.[2]
Keyway's flagship capability is automated document processing through KeyDocs, which digitizes and extracts data from lease agreements, loan documents, offering memorandums, and financial statements.[1][2] The platform's proprietary models automatically detect document types and populate custom abstract templates, reducing tasks that once took weeks to minutes.[1]
Rather than offering point solutions, Keyway provides three integrated tools addressing the full real estate workflow:[2]
The platform integrates 300 data sources and processes 12,000 data points, providing comprehensive market intelligence.[2] This scale of data integration creates competitive advantage in market analysis and property valuation.
Keyway maintains SOC 2 Type II certification and operates isolated sandbox environments for each client, ensuring data privacy and security.[5] The platform maintains alignment with CCPA and regional privacy frameworks.[5]
The company has secured $110 million in funding from prominent venture investors including Canvas Ventures, Camber Creek, Thomvest, Montage Ventures, FJ Labs, and others.[2][3] This capital base and advisor network (including BlackRock's former real estate chief) signal institutional confidence in the market opportunity.
Keyway operates at the intersection of two powerful trends: AI's expanding capability in document understanding and data extraction, and the real estate industry's urgent need for digital transformation. The timing is particularly significant because large language models have only recently achieved the accuracy and reliability required for mission-critical financial and legal document processing.
The company exemplifies a broader shift in enterprise software: moving beyond point solutions toward integrated AI platforms that automate entire workflows rather than isolated tasks.[1] In real estate specifically, Keyway addresses what remains one of the least digitized major asset classes. While sectors like venture capital and banking have undergone significant technological transformation, commercial real estate still functions with operational patterns from decades past—a gap that creates outsized opportunity for well-executed solutions.
Keyway's success also reflects growing institutional recognition that AI-driven efficiency gains are not optional but competitive necessities. By automating underwriting, due diligence, and asset management, the platform enables firms to process more deals with greater accuracy and speed, directly impacting returns and market share.[1] The company's partnerships with major brokerage and asset management firms indicate that institutional capital is actively adopting these solutions, accelerating industry-wide transformation.
Keyway is positioned to become a critical infrastructure layer in commercial real estate, similar to how Bloomberg terminals or CoStar have historically dominated their niches—but with AI as the core differentiator. The company's trajectory suggests several likely developments: expansion beyond multifamily and net lease into other commercial real estate verticals (office, industrial, retail), deepening integration with institutional workflows through API partnerships, and potential movement toward a SaaS subscription model that captures ongoing value from continuous AI improvements.
The broader question shaping Keyway's future is whether AI-driven real estate platforms become horizontal utilities (serving all firms) or vertical specialists (dominating specific segments). Keyway's current positioning—with integrated tools spanning sourcing through asset management—suggests ambitions toward the former. Success will depend on maintaining technological leadership as competitors inevitably emerge, and on deepening relationships with the largest institutional players who can drive meaningful adoption at scale.
The company's journey from internal tool to licensed platform to potential market infrastructure mirrors the pattern of transformative enterprise software. If Keyway executes effectively, it could fundamentally reshape how commercial real estate transactions are sourced, underwritten, and managed—unlocking billions in efficiency gains across an industry that has resisted technological disruption for decades.
Keyway has raised $40.0M in total across 2 funding rounds.
Keyway's investors include Camber Creek, Andreessen Horowitz, Ascension Ventures, Canvas Ventures, Forum Ventures, Haymaker Ventures, Montage Ventures, Operator Ventures, Silverton Partners, TQ Ventures, Joao Otavio Oliverio, Tom Williams.
