# Igglo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/igglo

- Industry: Internet
- Headquarters: Helsinki, Finland
- Website: www.igglo.fi
- Total disclosed funding: $16M
- Latest round: Series A (Oct 19, 2006)
- Investors on record: 2

## About

Igglo Oy specializes in providing rental deposit and guarantee services to tenants and landlords in Finland, aiming to simplify financial arrangements in the residential rental market.Founded in 2006 in Helsinki, Finland, Igglo Oy operates as a provider of rental deposit and guarantee services. The company has undergone no significant pivots in its strategy. Igglo was founded by Mikko Ranin, who has a history of entrepreneurship. In 2006, Igglo raised EUR 12.5 million in a Series A funding round led by Balderton Capital and Taivas Group. This funding marked a critical step in their growth, with the total amount raised being EUR 12.5 million. Igglo has completed a single deal as of October 19, 2006.Igglo Oy is focused on offering rental deposit and guarantee services tailored for the residential rental market. Their primary products include the Igglo Rental Deposit and Guarantee, designed to ease the financial burden on tenants by eliminating the need for upfront cash deposits. This facilitates housing access for a broad spectrum of users, from first-time renters to experienced tenants, while also serving landlords and property managers across Finland.In the most recent year of 2022, Igglo Oy reported a revenue of EUR 69,355.40 and an EBITDA of EUR -815,422.10. The company's revenue model is built around its rental deposit and guarantee services, which operate on a fee-for-service basis, allowing landlords and property management firms to utilize their financial solutions.Igglo Oy plans to leverage the EUR 12.5 million raised in its Series A funding round to enhance its product development and market reach. The company is designing new offerings intended to expand its service portfolio, although specific release dates have not been disclosed. Additionally, Igglo aims to enter new geographic regions beyond Finland, with targeted expansion plans yet to be announced. The funding will support these initiatives, ensuring Igglo can innovate effectively while reaching broader markets.

## Funding rounds

- Series A, Oct 19, 2006, $16M — Balderton Capital, Taivas Group

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A
- Taivas Group — Series A