What is Igloohome?
Igloohome specializes in smart home access solutions, offering products like the igloohome Smart Lock and Smart Keybox. These devices enable remote access management through a mobile application, allowing users to grant entry via PIN codes or Bluetooth virtual keys, even when not physically present. The company's technology is designed for seamless integration, notably with platforms like Airbnb, enhancing convenience and security for homeowners and guests alike. The company's consistent funding rounds suggest a strong market adoption and a growing demand for its innovative access control systems.
How much funding has Igloohome raised?
Igloohome has raised a total of $20.3M across 3 funding rounds:
Angel/Seed
$1.3M
Series A
$4M
Series B
$15M
Angel/Seed (2015): $1.3M with participation from Wavemaker Partners, Dreamit Ventures, and Singtel Innov8
Series A (2018): $4M led by X Capital Ventures, Kuok Meng Xiong, Koh Boon Hwee, Insignia Venture Partners, Wavemaker Partners, and Phillip Private Equity
Series B (2019): $15M supported by Great Noble International, On Asset Management, Singtel Innov8, InnoVen Capital, SEEDS Capital, TH Capital, Kickstart Ventures, Pine Venture Partners, Insignia Ventures Partners, and Wavemaker Partners
Key Investors in Igloohome
Wavemaker Partners
Wavemaker Ventures is a leading early-stage venture capital firm in Southeast Asia, focusing on investments in Enterprise, Deep Tech, and Sustainability startups that address significant regional challenges. With over 200 companies in its portfolio and more than $500 million in assets under management, the firm aims to empower innovative solutions that contribute to the UN Sustainable Development Goals. Wavemaker Ventures partners with founders who are authentic, impact-driven, and resilient, providing them with a seasoned perspective and a vast network to help realize their ventures' potential. The firm has received multiple industry awards for its contributions to the startup ecosystem in the region.
Phillip Private Equity
Phillip Private Equity, previously known as ECICS Management Pte Ltd* is one of the leading private equity firms in Singapore. We provide capital in the form of equity and debt, to innovative enterprises across select stages, sectors and geographies. We work closely with our investee companies to accelerate their growth and help them achieve their potential. Our goal is to create businesses with lasting and significant value. We actively make direct investments in unlisted companies both big and small and maintain a diversified portfolio of businesses in life sciences, technology, electronics & semiconductor, manufacturing, natural resources, marine services and alternative energy. Phillip Private Equity's team of fund managers has over 20 years of experience managing proprietary, in-house and 3rd party funds. Our investment objective is to deliver investment returns while safeguarding stakeholders' interest by protecting against downside risks. Phillip Private Equity is a member company of PhillipCapital (the "Group") and we leverage upon the Group's extensive financial and investment network for proprietary access to its resources and expertise. The Group has offices located in the financial hubs of 16 countries, including Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, United Kingdom, France, Turkey, Australia and USA, the Group's assets under management totals to more than USD 28 Billion with shareholders' funds in excess of USD 1 Billion. **ECICS Management Pte Ltd ("EMPL") was established in 1975 as a wholly owned subsidiary of the Export Credit Insurance Corporation of Singapore (renamed as ECICS Holdings). ECICS Holdings was in turn 88% owned by Temasek Holdings. Following the acquisition of EMPL in 2003 by the PhillipCapital Group, EMPL was renamed as Phillip Private Equity Pte Ltd in 2006.
Singtel Innov8
Founded in 1879, Singtel is a Singapore telecommunications company engaged in the operations and provision of telecommunication systems and services. The company also offers services in data hosting, cloud, network infrastructure, analytics and cybersecurity. Singtel is headquartered in Central Singapore.
What's next for Igloohome?
With substantial enterprise-level funding and a recent strategic investment, Igloohome is well-positioned for accelerated growth and market expansion. The company's focus on remote access and integration capabilities aligns with the increasing demand for smart home technology and the sharing economy. Future developments are likely to involve further enhancement of their product ecosystem, broader integration partnerships, and potentially exploring new markets to solidify their position as a leader in smart access solutions. This capital infusion will be critical for scaling operations, investing in research and development, and strengthening their competitive edge in the rapidly evolving smart home industry.
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