What is Igloohome?
Igloohome specializes in smart home access solutions, offering products such as the Igloohome Smart Lock and Smart Keybox. These devices enable users to grant remote access to their homes via a mobile application. The system allows for the creation of temporary PIN codes or Bluetooth virtual keys, facilitating convenient entry for guests even when the homeowner is absent. Igloohome's technology also supports integration with platforms like Airbnb, enhancing its utility for property managers and hosts. The company's focus on secure and flexible remote access positions it as a key player in the burgeoning smart home technology sector.
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 Dreamit Ventures, Singtel Innov8, and Wavemaker Partners
Series A (2018): $4M led by X Capital Ventures, Kuok Meng Xiong, Wavemaker Partners, Phillip Private Equity, Koh Boon Hwee, and Insignia Venture Partners
Series B (2019): $15M supported by Great Noble International, On Asset Management, Singtel Innov8, InnoVen Capital, Wavemaker Partners, SEEDS Capital, TH Capital, Kickstart Ventures, Pine Venture Partners, and Insignia Ventures Partners
Key Investors in Igloohome
Dreamit Ventures
Dreamit Ventures is a venture capital firm that accelerates startups by connecting them with investors and resources. They focus on driving traction and business velocity across various technology verticals.
Singtel Innov8
Singtel Innov8 is the corporate venture capital arm of Singtel, a telecommunications company. They invest in innovative technologies and solutions that align with Singtel's strategic interests in areas like data hosting, cloud, and cybersecurity.
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors across Southeast Asia. They focus on companies addressing significant regional challenges and driving positive social impact.
What's next for Igloohome?
With the recent influx of capital, Igloohome is poised for accelerated growth and further innovation. The company is expected to leverage this strategic investment to enhance its product offerings, expand its market reach, and potentially explore new technological integrations. The consistent backing from venture capital firms and strategic investors indicates a strong market demand for its smart access solutions, suggesting a trajectory towards broader adoption and market leadership in the connected home ecosystem. Future developments may include expanding partnerships and enhancing the user experience through advanced software features.
See full Igloohome company page
