Home Startups Startups News Smart locks maker igloohome launches new solutions following US$15M Series B round

Smart locks maker igloohome launches new solutions following US$15M Series B round

Posted on:

READING TIME: 1 min read

- Advertisement -

Singapore-based smart access solutions startup, igloohome, has raised US$15 million in its Series B funding round co-led by existing investors Insignia Ventures Partners, Wavemaker Partners, and SEEDS Capital.

New investors such as Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, and InnoVen Capital, in addition to existing backers Singtel Innov8 and Great Noble International, also co-invested.

With the new funds, the startup announced the launch of a suite of smart access solutions, iglooworks, for enterprise customers, primarily for the real estate and infrastructure industries.

igloohome also plans to invest the new funds into the research and development of new products and software, and supporting new and existing distribution partners globally, especially in Europe, the US, and the Asia Pacific.

igloohome was founded in 2015, providing smart lock and lock boxes that integrate with a mobile app, enabling users to manage their homes and properties remotely. Its products can also work offline, using encryption and synchronization, similar to that on an internet banking token.

The startup claims that it currently has over 100 distribution partners, more than 100 integration partners and is working with notable property developers such as Thailand’s Sansiri, Japan’s Mitsubishi and Vietnam’s CapitaLand.

In April 2018, igloohome also raised a US$4 million Series A funding round led by Insignia Ventures Partners.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

Related Reads

Featured Read

ErgoSilver : The Laptop Stand You’ve Been Waiting For

ErgoSilver is a stylish laptop stand, specially designed by Primero. It is made from premium aluminum alloy, silver anodized and sandblasted to perfection. It...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

In brief: China’s Ctrip teams up with 10 ride-hailers worldwide to offer mobility service in 785 cities

China’s largest online travel agency, Ctrip, announced on Friday that it has integrated 10 ride-hailing services across the world into its own...

Indonesia’s IDN Media acquires multi-platform e-Sports company

IDN Media, an Indonesian media company that targets at millennials and Generation Z, has acquired GGWP.ID for an undisclosed amount.

In brief: Microsoft says Teams now has 13M daily active users

Teams, Microsoft’s two-year-old Slack competitor, is the company’s fastest-growing application in its history.Microsoft today also announced actual user numbers for the service...

In brief: Facebook now shows you who uploaded and shared your information for other advertisers to target you

Facebook is updating the kinds of information users can see about why they're viewing a certain ad.The changes to Facebook's "Why am...

In brief: More than 1,000 private conversations with Google Assistant have been leaked

Google admitted on Thursday that more than 1,000 sound recordings of customer conversations with the Google Assistant were leaked by some of...

Send this to a friend