---
id: "key-state-capital"
type: "organization"
type_label: "Organizations"
title: "Key State Capital"
maintainer: "Key State Capital"
authors: []
date: null
year: null
reading_level: "practitioner"
reading_level_label: "Practitioner"
reading_level_meaning: "architects, product people and adopters who know identity systems"
evidence: "vendor-reported"
evidence_meaning: "a company's account of its own product or deployment"
status: "active"
status_meaning: "changed within the last six months, or a live service"
access: "public"
access_meaning: "anyone with the link"
topics:
  - "roles"
  - "deployments"
roles:
  - "infrastructure-operator"
  - "product"
  - "communications"
  - "investor"
  - "business-development"
source_url: "https://www.keystate.capital/portfolio"
source_license: null
source_license_note: null
found_on: null
kerisse_credit: false
abstract_license: "CC BY 4.0"
abstract_license_url: "https://creativecommons.org/licenses/by/4.0/"
abstract_attribution: "KSKB, the KERISuite Knowledge Base (https://kskb.dev/)"
last_checked: "2026-11-04"
kskb_url: "https://kskb.dev/cards/key-state-capital/"
kskb_app_url: "https://kskb.dev/#item/key-state-capital"
kskb_record_url: "https://kskb.dev/data/kskb/resources/key-state-capital"
kskb_markdown_url: "https://kskb.dev/export/cards/key-state-capital.md"
---

# Key State Capital

Key State Capital is an investment firm that backs companies built on KERI (Key Event Receipt Infrastructure). Its portfolio page lists healthKERI, Provenant and Credential Master, and it maintains vlei.wiki. Its Senior Partner Nicholas Racz described the firm's six years of KERI investing at KERIConf 2026. For readers interested in how the KERI ecosystem is funded.

Labels: reading level Practitioner; evidence vendor-reported (a company's account of its own product or deployment).
Source: https://www.keystate.capital/portfolio (license not recorded).
The abstract is KSKB's own text under Creative Commons Attribution 4.0 (CC BY 4.0), https://creativecommons.org/licenses/by/4.0/; credit KSKB, the KERISuite Knowledge Base (https://kskb.dev/).