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Igloohome , a Singapore based digital smart lock company closed $4M (S$5.26m) Series A funding. The round was led by Insignia Ventures Partners with participation from new investors Phillip Private Equity, X Capital Ventures, Kuok Meng Xiong of K3 Ventures, and angel investor Koh Boon Hwee and existing investor Wavemaker.
Launched in 2016, Igloohome offers versatile smart access solutions helping users manage their homes and properties remotely. Catering to Asia and Americas, their products are used over 80 countries and are available via 30 distributors globally.
The startup plans to roll out across 2000 retail shops by the end of 2018
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