Singapore-based smart lock maker Igloohome raises $4M
Summary
The company is a rare example of a hardware startup coming out of Southeast Asia with a global presence.The products are notable because they work offline, requiring either a manually entry pin code or ‘Bluetooth key’ on a phone to unlock.Despite that, owners can still control access remotely, while there’s a physical key just in case.The company is already a partner seller of Airbnb, rival HomeAway, and China’s Xiaozhu which helps it reach a very targeted audience.Outside of those relationships, it sells directly to consumers in over a dozen countries via the likes of Amazon, Walmart and Home Depot while there are online options for other global markets.
Funding
Amount
$4.0M
Total raised
Date
April 4, 2018
Announcement date
Investors
-
Lead investors
Company
http://www.igloohome.co
Funded company
Classifications
industries
Hospitality
applications
No applications detected
AskAI Classifications
Labels
Smart Home Technology
Access Control Software
Internet of Things (IoT)
Linked Companies
Igloohome
up to $1M