Manufacturing supply chain startup Keychain raises $30 million in round led by Wellington Management, BoxGroup

New York-based Keychain—a platform that connects consumer packaged goods (CPG) companies with suppliers of packaging material and other raw materials—has raised $30 million in a funding round led by private equity (PE) firm Wellington Management and venture investor BoxGroup, the company’s founder, Umang Dua, told ET.

Existing investors, including Lightspeed, also participated in the round.

Launched in 2024, the startup works with CPG companies across the food and beverage, health supplements, and beauty and healthcare industries, with plans to broaden both its sectoral and geographic reach.