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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Real Estate
igloohome.co

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Founded Year

2015

Stage

Incubator/Accelerator - II | Alive

Total Raised

$20.47M

About igloohome

igloohome helps property managers and hosts manage their vacation rentals and short term rentals better through the use of smart home technology.

igloohome Headquarter Location

67 Ayer Rajah Crescent Suite 03-25

Singapore, 139953,

Singapore

+65 3159 1352

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.

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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 6 Expert Collections, including Real Estate Tech.

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Real Estate Tech

2,187 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, sm

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Smart Home Companies

339 items

C

Consumer Hardware

2,912 items

C

CES 2018 Exhibitors

760 items

Companies that will be exhibiting at CES 2018

I

Internet of Things ( IoT )

3,149 items

C

Conference Exhibitors

5,302 items

igloohome Patents

igloohome has filed 4 patents.

The 3 most popular patent topics include:

  • Cryptography
  • Graphical projections
  • Home appliance brands
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

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3/30/2021

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Related Topics

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

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Status

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igloohome Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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