Seattle startup KeySavvy announced a $2 million seed funding round from Porsche Ventures, the VC arm of auto giant Porsche, and Seattle firm Founders’ Co-op.
- Founded last year by former colleagues at Seattle auto sale platform Tred, KeySavvy is a peer-to-peer vehicle payment platform that uses technology to eliminate the risk of title fraud for buyers and payment fraud for sellers.
- KeySavvy charges buyers and sellers a fee of $79. It also partners with other peer-to-peer vehicle marketplaces and offers various integration options.
- The company is led by CEO Andrew Crowell and CTO Jason Hoetger.
Previously: Securing private car deals: Seattle fintech startup aims to reduce fraud for used vehicle sales
