# igloocompany Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/igloocompany-pte

- Industry: Consumer Products
- Headquarters: Singapore, Singapore
- Website: www.igloohome.co
- Total disclosed funding: $30M
- Latest round: Series B (Mar 17, 2022)
- Investors on record: 14

## About

Igloohome is a technology company specializing in smart lock access solutions that enhance security and simplify access management for various sectors, including hospitality and property management.Founded in 2015 and headquartered in Singapore, igloocompany Pte. Ltd. develops smart access solutions. The company was established by founders Anthony Chow, Kelvin Kien, and Yue Wang. In its journey, igloocompany has successfully secured funding through multiple rounds, culminating in a Series B round that raised USD 12.00 mn from investors including Insignia Ventures Partners and Wavemaker Partners. The total amount raised by the company to date is USD 12.00 mn, reflecting its ongoing strategy to expand its innovative product offerings.Igloohome specializes in smart lock access technology, offering a variety of products such as smart deadbolts, smart lockboxes, and military-grade padlocks designed for secure access management. These products are engineered to operate without internet connectivity, facilitating their use in remote and outdoor locations. Users can issue customizable access credentials including time-sensitive PIN codes and Bluetooth keys, catering to diverse needs in industries like hospitality and property management. Igloohome's solutions are utilized across markets in Europe, North America, and the Asia-Pacific region, serving clients such as property owners and rental companies.In 2023, igloocompany reported a revenue of USD 10,932,225.60 and an EBITDA of USD -1,281,325.60.Looking ahead, igloocompany plans to introduce new products aimed at enhancing their smart lock technology. The company is exploring expansion into new geographic markets, although specific regions or timelines have not been detailed. Recent funding efforts, including the recent venture funding from Prasetia Dwidharma, will support these initiatives to solidify its market presence and broaden its product portfolio.

## Funding rounds

- Series B, Mar 17, 2022, $12M — Wavemaker Partners, Kickstart Ventures, Insignia Ventures Partners, Purpose Venture Capital
- Series B, Aug 8, 2019, $13M — Wavemaker Partners, Kickstart Ventures, Insignia Ventures Partners, TH Capital, SEEDS Capital, Pine Venture Partners, On Asset Management, Great Noble International, ACE PURSUIT SDN. BHD.
- Series A, Apr 4, 2018, $4M — Phillip Private Equity, Wavemaker Partners, Insignia Ventures Partners, X Capital Ventures
- Seed, Jan 14, 2016, $1.3M — Wavemaker Partners, DreamIt Ventures, Singtel Innov8

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A, Series B
- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Seed
- Phillip Private Equity (https://capitalatlas.ai/funds/phillip-private-equity) — Series A
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Series A, Series B
- X Capital Ventures — Series A
- Kickstart Ventures (https://capitalatlas.ai/funds/kickstart-ventures) — Series B
- TH Capital (https://capitalatlas.ai/funds/th-capital) — Series B
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Series B
- Pine Venture Partners (https://capitalatlas.ai/funds/pine-venture-partners) — Series B
- On Asset Management — Series B
- Great Noble International — Series B
- ACE PURSUIT SDN. BHD. — Series B
- Purpose Venture Capital (https://capitalatlas.ai/funds/purpose-venture-capital) — Series B