igloohome, a Singapore-based smart access company, raised US$15M in funding.
The round was co-led by Insignia Ventures Partners, Wavemaker Partners and SEEDS Capital. New investors include Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, InnoVen Capital and a group of angel investors. Existing investors Singtel Innov8 and Great Noble International also participated in the round. Steve Melhuish, co-founder and previous CEO of PropertyGuru, will join the igloohome board.
The funding will go into research and development of new products and software, and the support of new and existing distribution partners globally, especially in Europe, the US and Asia Pacific.
Led by Anthony Chow, CEO, igloohome creates smart access solutions for users to manage their properties and assets. With its smart locks, users can grant access to their property remotely via the igloohome mobile app. igloohome’s products work offline, with no Internet connection required.
iglooworks is a dedicated line of igloohome offering a suite of smart access solutions for real estate and infrastructure industries.
iglooworks’ solutions are managed via a dashboard, designed to manage and monitor large numbers of access points for different levels of users, with features to sort, filter and export data.
The company currently has over 100 distribution partners, more than 100 integration partners and is working with property developers such as Sansiri (Thailand), Mitsubishi (Japan) and Capitaland (Vietnam).
It is also a partner of Airbnb, HomeAway and Booking.com.