What is Igloohome?
Igloohome specializes in the development of smart access solutions, including smart locks and keyboxes that facilitate remote property management. By leveraging mobile application integration, the company enables homeowners and property managers to generate PIN codes and Bluetooth virtual keys, streamlining access for guests and service providers. This technology is particularly optimized for the short-term rental market, with seamless integration capabilities for platforms like Airbnb. The company's market position is defined by its focus on security, convenience, and interoperability, addressing the growing demand for automated, keyless entry systems in both residential and commercial real estate sectors.
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, Singtel Innov8, and Dreamit Ventures
Series A (2018): $4M led by Insignia Venture Partners, X Capital Ventures, Kuok Meng Xiong, Wavemaker Partners, Phillip Private Equity, and Koh Boon Hwee
Series B (2019): $15M supported by Insignia Ventures Partners, SEEDS Capital, Great Noble International, Singtel Innov8, InnoVen Capital, TH Capital, Kickstart Ventures, Pine Venture Partners, Wavemaker Partners, and On Asset Management
Key Investors in Igloohome
Wavemaker Partners
A leading venture capital firm in Southeast Asia specializing in early-stage investments across Enterprise, Deep Tech, and Sustainability sectors.
Singtel Innov8
The corporate venture arm of Singapore telecommunications giant Singtel, focusing on cloud, network infrastructure, and cybersecurity innovations.
InnoVen Capital
Asia's premier venture lending platform providing debt capital to high-growth, venture-backed technology companies across the region.
What's next for Igloohome?
With the recent influx of capital, Igloohome is well-positioned to accelerate its product development roadmap and expand its footprint in key international markets. The strategic focus will likely shift toward deepening its enterprise-level integrations and enhancing its software-as-a-service (SaaS) offerings for property management firms. As the smart home industry continues to mature, Igloohome's ability to leverage its existing network of strategic partners will be vital in maintaining its competitive edge. Future growth will likely center on scaling its infrastructure to support larger, multi-unit residential deployments and further diversifying its hardware portfolio to meet the evolving needs of the global real estate market.
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