
Investments
40Portfolio Exits
14Partners & Customers
10About 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.

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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.
Fortune 500 Investor list
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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.
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Latest KeyCorp News
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.

KeyCorp Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/19/2022 | Line of Credit | Greenbacker Renewable Energy Company | $186.2M | Yes | Fifth Third Bank, and KeyCorp | 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 | |||||
2/23/2022 | Unattributed |
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 | ||
Amount | $186.2M | $75M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | Fifth Third Bank, and KeyCorp | ||||
Sources | 2 | 3 | 1 |
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 | 3 | |||
5/31/2022 | Merger | 2 | |||
10/13/2021 | IPO | Public | 16 | ||
Date | 7/21/2022 | 5/31/2022 | 10/13/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Merger | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 3 | 2 | 16 |
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 | $1.1M | Acquired | 3 | ||
11/22/2021 | Acquired | 4 | ||||
3/2/2021 | Acquired | 5 | ||||
2/21/2020 | Other | |||||
1/16/2019 |
Date | 5/9/2022 | 11/22/2021 | 3/2/2021 | 2/21/2020 | 1/16/2019 |
---|---|---|---|---|---|
Investment Stage | Other | Other | |||
Companies | |||||
Valuation | |||||
Total Funding | $1.1M | ||||
Note | Acquired | Acquired | Acquired | ||
Sources | 3 | 4 | 5 |
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 | ||||
4/21/2022 | Vendor |
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 | ||
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 . | ||
Sources | 2 | 6 | 1 |
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 | |
Name | Thomas C. Stevens | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Administrative Officer | ||||
Status | Current |
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