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igloocompany.co

Founded Year

2015

Stage

Series B - II | Alive

Total Raised

$32.47M

Last Raised

$12M | 6 mos ago

About igloocompany

igloocompany is the holding company for iglooworks and igloohome, a smart access company that makes smart locks and lockboxes.

igloocompany Headquarters Location

67 Ayer Rajah Crescent, #06-14/21

Singapore, 139950,

Singapore

+65 3159 1352

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Expert Collections containing igloocompany

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

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

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

C

Conference Exhibitors

6,062 items

Companies that will be exhibiting at CES 2018

S

Smart Cities

1,216 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

1,198 items

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

igloocompany Patents

igloocompany has filed 6 patents.

The 3 most popular patent topics include:

  • Locks (security device)
  • Graphical projections
  • Locksmithing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/20/2019

3/30/2021

Locks (security device), Locksmithing, Physical restraint, Lock manufacturers, Graphical projections

Grant

Application Date

2/20/2019

Grant Date

3/30/2021

Title

Related Topics

Locks (security device), Locksmithing, Physical restraint, Lock manufacturers, Graphical projections

Status

Grant

Latest igloocompany 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.

igloocompany Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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igloocompany Rank

  • When was igloocompany founded?

    igloocompany was founded in 2015.

  • Where is igloocompany's headquarters?

    igloocompany's headquarters is located at 67 Ayer Rajah Crescent, #06-14/21, Singapore.

  • What is igloocompany's latest funding round?

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

  • How much did igloocompany raise?

    igloocompany raised a total of $32.47M.

  • Who are the investors of igloocompany?

    Investors of igloocompany include Wavemaker Partners, Insignia Ventures Partners, Kickstart Ventures, Purpose Venture Capital, NAR REACH and 18 more.

  • Who are igloocompany's competitors?

    Competitors of igloocompany include Digital Keys.

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Digital Keys

LEAPIN has invented, patented and built a Digital Keys Access Control System, otherwsie known as a "smartlock" or "connected lock". LEAPIN performs all the same functionalities as keycard access control systems, yet they are more secure and more convenient, they can be installed by anyone, they are standalone and involve no supporting network infrastructure and they are up to one tenth of the price. Instead of using metal keys, you use Digital Keys with your smartphone.

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Noke

Nokē is reinventing commercial security by creating hardware and software solutions that do more than just secure a company's assets. The company is dedicated to simplifying security management while offering heightened control to better protect your employees, buildings and resources. Its intuitive analytics dashboard, wireless locks and integrated solutions offer a more advanced method of access control and asset tracking than any other.

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ASSA ABLOY

ASSA ABLOY (STO: ASSAB) manufactures and supplies locks for security-sensitive buildings, including the European Parliament in Brussels. The company specializes in areas such as access control, identification technology, entrance automation, and hotel security. It provides a wide range of products digital access solutions, automatic doors, and mechanical products doors. ASSA ABLOY was founded in 1994 and is based in Stockholm, Sweden.

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