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KeyCorp company logo
Bank
FINANCE
key.com

Investments

40

Portfolio Exits

14

Partners & Customers

10

About KeyCorp

KeyCorp (NYSE: KEY) is a financial services company. Its subsidiary KeyBank is a regional bank headquartered in Cleveland, Ohio. Key Companies provide investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.

Headquarters Location

127 Public Square

Cleveland, Ohio, 44114,

United States

800-539-2968

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Expert Collections containing KeyCorp

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find KeyCorp in 2 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

T

The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

Latest KeyCorp News

KeyBank Leverages Blend to Deliver Digital Mortgage Application Process for Clients

Feb 3, 2023

Share KeyBank  is seeing significant results in making home buying easier for clients in the face of a competitive market. A software platform that digitizes the end-to-end mortgage application process for clients looking to purchase or refinance a home, provided by Blend, is helping KeyBank close home loans 17 days faster, on average, than before this platform was integrated. This digital enhancement results in faster application processes, putting clients in an ideal position to compete in a difficult real estate market. Currently, home buyers are facing increasing interest rates that make closing on a loan in a timely manner even more important. “The ability to offer streamlined solutions that enable our loan officers and their teams to be more efficient in providing excellent customer service is critical in this environment,” said Dale Baker, President of Home Lending for KeyBank. “Blend’s mission to bring simplicity is paying off for our teammates who are having a streamlined experience, as it’s also bringing greater transparency to our clients to be instantly in touch with where their closing stands and obtaining it quicker than we’ve ever been able to.” The convenience factor of Blend is also generating results. So far, 83% of KeyBank clients who start a mortgage application through Blend complete it. The average time for a client to complete a mortgage application is 29 minutes and more than one-third are completed through a mobile device or tablet. Nearly half of all client interaction through Blend is done at the client’s convenience outside of normal business hours. Among 300,000 document requests, more than half are provided within two hours through Blend’s system. Blend’s platform allows KeyBank clients to easily upload documents online, review and sign their disclosures electronically, and receive automatic reminders for any missing information during the mortgage application process. Related Posts A recent KeyBank client in Cleveland applied through Blend and was able to open the door to their new home in time to be ready for Thanksgiving. This client, a first-time homebuyer, submitted an application for a new loan on October 19th and had their loan fully approved by November 9th, just in time for the holiday as they had hoped. “Expectations were exceeded and that’s going to lead to more business,” said  Raul Gongora , Senior Loan Officer at KeyBank. “The realtor was overjoyed by how fast we were able to move the process along.” “Blend’s goal is to personalize a consumer’s homeownership journey with options that meet their individual needs,” said Nima Ghamsari, co-founder and head of Blend. “Our collaboration with KeyBank furthers our efforts to provide better lending for all, and we’re excited to provide technology that will help current and future homeowners stay ahead of changes in today’s market.”

KeyCorp Investments

40 Investments

KeyCorp has made 40 investments. Their latest investment was in Greenbacker Renewable Energy Company as part of their Line of Credit on September 9, 2022.

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KeyCorp Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/19/2022

Line of Credit

Greenbacker Renewable Energy Company

$186.2M

Yes

2

9/13/2022

Series C

OvationCXM

Yes

3

4/4/2022

Line of Credit

Mobile Infrastructure

$75M

Yes

1

3/15/2022

Series C

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$99M

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10

2/23/2022

Unattributed

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$99M

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10

Date

9/19/2022

9/13/2022

4/4/2022

3/15/2022

2/23/2022

Round

Line of Credit

Series C

Line of Credit

Series C

Unattributed

Company

Greenbacker Renewable Energy Company

OvationCXM

Mobile Infrastructure

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Amount

$186.2M

$75M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

1

10

10

KeyCorp Portfolio Exits

14 Portfolio Exits

KeyCorp has 14 portfolio exits. Their latest portfolio exit was esVolta on July 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/21/2022

Acquired

$99M

3

5/31/2022

Merger

$99M

2

10/13/2021

IPO

$99M

Public

16

3/24/2021

IPO

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$99M

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10

1/12/2021

Reverse Merger

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$99M

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10

Date

7/21/2022

5/31/2022

10/13/2021

3/24/2021

1/12/2021

Exit

Acquired

Merger

IPO

IPO

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

3

2

16

10

10

KeyCorp Acquisitions

11 Acquisitions

KeyCorp acquired 11 companies. Their latest acquisition was GradFin on May 09, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/9/2022

Other

$99M

$1.1M

Acquired

3

11/22/2021

$99M

Acquired

4

3/2/2021

$99M

Acquired

5

2/21/2020

Other

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$99M

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10

1/16/2019

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$99M

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10

Date

5/9/2022

11/22/2021

3/2/2021

2/21/2020

1/16/2019

Investment Stage

Other

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$1.1M

Note

Acquired

Acquired

Acquired

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Sources

3

4

5

10

10

KeyCorp Partners & Customers

10 Partners and customers

KeyCorp has 10 strategic partners and customers. KeyCorp recently partnered with BlueSnap on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/10/2022

Vendor

United States

KeyBank taps BlueSnap to facilitate cross-border e-commerce payments

KeyBank partners BlueSnap for payment solutions

2

7/28/2022

Partner

United States

11:00 EDT Quavo Fraud & Disputes Partners with KeyBank to Automate Credit Card Disputes

EAST LANSING , Mich. and CLEVELAND , July 28 , 2022 / PRNewswire / -- Today , fintech provider Quavo announced its partnership with KeyBank as part of its latest initiative to advance account holder experience with credit card chargebacks .

6

5/16/2022

Partner

United States

KeyBank and Beach Point Capital Management Launch $1.5 Billion Middle Market Direct Lending Program

KeyBank and Beach Point Capital Management , a credit focused investment manager , announced that they have established a new joint venture middle market direct lending program with $ 1.5 billion in lending capacity for US middle market clients .

1

4/21/2022

Supplier

United States

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10

4/21/2022

Vendor

United States

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10

Date

8/10/2022

7/28/2022

5/16/2022

4/21/2022

4/21/2022

Type

Vendor

Partner

Partner

Supplier

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

KeyBank taps BlueSnap to facilitate cross-border e-commerce payments

KeyBank partners BlueSnap for payment solutions

11:00 EDT Quavo Fraud & Disputes Partners with KeyBank to Automate Credit Card Disputes

EAST LANSING , Mich. and CLEVELAND , July 28 , 2022 / PRNewswire / -- Today , fintech provider Quavo announced its partnership with KeyBank as part of its latest initiative to advance account holder experience with credit card chargebacks .

KeyBank and Beach Point Capital Management Launch $1.5 Billion Middle Market Direct Lending Program

KeyBank and Beach Point Capital Management , a credit focused investment manager , announced that they have established a new joint venture middle market direct lending program with $ 1.5 billion in lending capacity for US middle market clients .

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Sources

2

6

1

10

10

KeyCorp Team

91 Team Members

KeyCorp has 91 team members, including current Chief Administrative Officer, Thomas C. Stevens.

Name

Work History

Title

Status

Thomas C. Stevens

Chief Administrative Officer

Current

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Name

Thomas C. Stevens

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Work History

Title

Chief Administrative Officer

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Status

Current

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