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Founded Year

2015

Stage

Series B - II | Alive

Total Raised

$32.47M

Last Raised

$12M | 2 yrs ago

About igloohome

igloohome produces smart locks and lockboxes. The company manufactures padlocks, rim locks, accessories, and more. It was founded in 2015 and is based in Singapore, Singapore.

Headquarters Location

71 Ayer Rajah Crescent, 01-25

Singapore, 139951,

Singapore

+65 3159 1352

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Expert Collections containing igloohome

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

igloohome is included in 4 Expert Collections, including Real Estate Tech.

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Real Estate Tech

2,485 items

Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.

C

Conference Exhibitors

6,062 items

Companies that will be exhibiting at CES 2018

S

Smart Cities

1,300 items

Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.

S

Smart Home & Consumer Electronics

1,234 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

igloohome Patents

igloohome has filed 7 patents.

The 3 most popular patent topics include:

  • locks (security device)
  • locksmithing
  • access control
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/27/2020

9/12/2023

Locks (security device), Computer security, Locksmithing, Access control, Identity management

Grant

Application Date

10/27/2020

Grant Date

9/12/2023

Title

Related Topics

Locks (security device), Computer security, Locksmithing, Access control, Identity management

Status

Grant

Latest igloohome News

The road to recurring revenue for hardware startups

Jul 30, 2020

Formerly at Apple, Nils Mattisson is now CEO and co-founder of smart home tech company Minut . If you look at the most successful startups today, you’ll find plenty of proof that the  hardware-enabled service (Haas) model works: Peloton, Particle, Latch and Igloohome all rely on subscriptions along with product sales. Even tech giants like Apple are rapidly reinventing themselves as service companies. Yet, if you currently rely on device sales, the prospect of changing your entire business model might seem daunting. At  Minut , we are building smart home monitors (privacy-safe noise, motion and temperature monitoring) and recently made the transition despite the lack of resources on the process. Here are the seven lessons we learned: It is a question of when — not if. The transition will have company-wide impact. Your current and future target audience may differ. Price should reflect the value for the customer. Your revenue should grow with theirs. Avoid your free offer competing with your premium ones. Be transparent (internally and externally) about the changes. Over-communicate. Start the process early, check regularly with your team and set measurable targets. Why subscriptions are the future of industry (and your startup) Hardware has one advantage over software: customers understand there is a cost to your product. Now, this allows hardware startups to generate revenue with their first iteration, but it’s unsustainable as the company grows and needs to innovate: the software and user experience need continuous improvement and excellent support, just like in a software-only startup. That’s why we see most hardware startups eventually launching a subscription model and limit what’s available for free. Even established companies — think Strava  or  Wink — often end up having to radically limit free features after years of operations. Experienced founders and financial markets favor subscription models and recurring revenue. Market valuation multiples are typically much higher for companies that benefit from service revenue in addition to sales.

igloohome Frequently Asked Questions (FAQ)

  • When was igloohome founded?

    igloohome was founded in 2015.

  • Where is igloohome's headquarters?

    igloohome's headquarters is located at 71 Ayer Rajah Crescent, 01-25, Singapore.

  • What is igloohome's latest funding round?

    igloohome's latest funding round is Series B - II.

  • How much did igloohome raise?

    igloohome raised a total of $32.47M.

  • Who are the investors of igloohome?

    Investors of igloohome include Wavemaker Partners, Insignia Ventures Partners, Kickstart Ventures, Purpose Venture Capital, NAR REACH and 19 more.

  • Who are igloohome's competitors?

    Competitors of igloohome include August Home and 5 more.

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TZ Net

TZ Net is a technology provider specializing in the smart locker solutions industry. The company offers end-to-end smart locker systems, incorporating proprietary IoT smart locking devices and cloud-based locker network management systems, which enable real-time monitoring and granular transactional data capture. TZ Net primarily serves sectors such as the workplace, retail, residential, and campus environments. It was founded in 2001 and is based in Des Plaines, Illinois.

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Level Home

Level Home is a company that specializes in the development and production of smart locks, operating within the home security and smart home technology sectors. The company's main products are invisible smart locks, designed to enhance home security and convenience by allowing keyless entry and remote access control. These products are primarily marketed to homeowners and the residential real estate industry. It was founded in 2016 and is based in Redwood City, California.

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Bitwards

Bitwards specializes in digital access control solutions within the security and technology sector. The company offers a platform that modernizes property access management through mobile technology, enabling smart access with just a phone. Bitwards primarily serves the property owners and security industry with its open platform, providing new business opportunities and integration capabilities. It is based in Espoo, Finland.

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