Igloo is a technology company.
Igloo has raised $82.5M across 5 funding rounds.
Igloo has raised $82.5M in total across 5 funding rounds.
Igloo has raised $82.5M in total across 5 funding rounds.
Igloo's investors include Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan, Steve Olechowski, Alpine Ventures, Eurazeo, Openspace Ventures, ISAI.
igloo (formerly igloohome) is a smart access technology company that builds keyless entry solutions, including 5G-enabled smart locks, lock boxes, and IoT devices managed via mobile apps.[1][5] It serves residential, rental, hospitality, business, utilities, education, and commercial sectors by solving physical key dependency with remote unlocking, digital key sharing, time-bound access codes, and tampering alarms, all secured by mobile network encryption.[1][5] The company powers over 2,000 businesses, has deployed nearly a million units worldwide, and integrates with partners like OYO hotels (over 600 locations) and Airbnb for seamless operations in multifamily rentals and remote facilities.[1][5] Dual-headquartered in Singapore and Austin, Texas, with eight regional offices, igloo emphasizes retrofit solutions that work offline, enhancing security, efficiency, and user experience.[1][5]
Founded in 2015 by Anthony Chow (CEO) and Kelvin Ho in Singapore, igloo started as igloohome with a vision to "create a world without keys," targeting short-term rentals and vacation properties.[1][5] Early traction came from partnerships like Airbnb, addressing key handover pains in the sharing economy.[5] The company evolved into an enterprise focus with iglooworks for large-scale access management across industries, expanding to IoT hardware, software ecosystems, and global deployments.[5] Pivotal growth included scaling to nearly a million units and collaborations like OYO, where CEO Ritesh Agarwal praised igloo's integration for secure check-ins.[5]
igloo rides the IoT and proptech wave, capitalizing on rising demand for contactless access amid remote work, short-term rentals, and hospitality recovery post-pandemic.[1][5] Timing aligns with smart home growth (projected multi-billion market) and sharing economy expansion, where physical keys hinder scalability—igloo's offline retrofits address this without infrastructure overhauls.[1] Market forces like urbanization, Airbnb/OYO proliferation, and security needs favor its solutions, influencing ecosystems by enabling keyless standards in rentals and facilities, as seen in partnerships automating check-ins and asset protection.[5] It sets benchmarks for wireless property management, bridging consumer and enterprise IoT.
igloo is poised for accelerated growth through hospitality and proptech expansions, leveraging its million-unit scale and partnerships like OYO to capture more multifamily and enterprise markets.[5] Trends like AI-driven access, 5G ubiquity, and "phygital" spaces will amplify its offline-online hybrid model, potentially doubling deployments amid global rental booms.[1][5] Influence may evolve toward full-stack proptech platforms, integrating with PMS and visitor systems, solidifying its role as the go-to for a keyless world—transforming how businesses unlock efficiency, just as its founders envisioned.[5]
Igloo has raised $82.5M across 5 funding rounds. Most recently, it raised $11.0M Venture Round in July 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2024 | $11.0M Venture Round | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan, Steve Olechowski | |
| Dec 1, 2023 | $36.0M Series C | Alpine Ventures, Eurazeo, Founders Fund, Openspace Ventures | |
| Mar 1, 2022 | $19.0M Series B | Eurazeo, Founders Fund, Openspace Ventures | |
| Apr 1, 2020 | $16.0M Series A | Eurazeo, Founders Fund, Openspace Ventures | |
| Jan 1, 2016 | $540K Seed | ISAI |