{"content":[{"text":"igloohome Raises USD$4m in Series A Round, led by Insignia Ventures Partners","bbox":{"left":0.147059,"top":0.133523,"width":0.641861,"height":0.015151999999999999}},{"text":"Singapore – 4 April 2018 – ​igloohome​, designer of versatile smart access solutions, has \n secured a US$4m round of financing led by Insignia Ventures Partners.","bbox":{"left":0.147059,"top":0.166874,"width":0.7046970000000001,"height":0.035778000000000004}},{"text":"New investors include Phillip Private Equity, X Capital Ventures, Kuok Meng Xiong of K3 \n Ventures and angel investor Koh Boon Hwee. Existing investor Wavemaker Partners also \n participated in this round.","bbox":{"left":0.147059,"top":0.223485,"width":0.7057089999999999,"height":0.05113699999999999}},{"text":"Since launching its first product in 2016, igloohome has built up a global footprint with \n its award-winning smart locks and lockboxes. The products are now used in over 80 \n countries and are available through 30 distributors globally, with a focus across Asia and \n the Americas. Major e-commerce brands which carry igloohome products include \n Amazon, Home Depot and Newegg. Together with its partners, igloohome plans to roll \n out across 2000 retail shops by the end of 2018.","bbox":{"left":0.147059,"top":0.295455,"width":0.705751,"height":0.10511399999999999}},{"text":"Awards received for the products include CES Asia Innovation Awards 2017: Honoree, \n Gold Winner of Singapore Infocomm Technology Federation’s Best Innovative Infocomm \n Solution 2017 and the iF Design Award 2018.","bbox":{"left":0.147059,"top":0.421402,"width":0.704763,"height":0.051136000000000015}},{"text":"igloohome products work offline, unlike most other smart devices, despite their remote \n management capabilities. This is done through encryption and synchronisation, similar \n to that of the internet banking token. As igloohome products do not require an internet \n connection to function, reliability of the products is greatly increased. Also, there are no \n worries about Wi-Fi hacking.","bbox":{"left":0.147059,"top":0.493371,"width":0.7053369999999999,"height":0.08712200000000003}},{"text":"Anthony Chow, CEO and co-founder of igloohome said, “We are very encouraged by the \n support provided by our investors. We believe that together, we will be able to bring \n even more innovative products and services to the table, and grow the igloohome name \n into a lifestyle brand. We are aligned in making smart living a reality, and look forward \n to taking the next step.”","bbox":{"left":0.147059,"top":0.601326,"width":0.705746,"height":0.087121}},{"text":"Insignia Ventures Partners founding managing partner and CEO Yinglan Tan said, \n “​igloohome re-imagined the lock so consumers could manage access – using a \n smartphone – from anyplace, anytime. We believe igloohome’s new approach to home \n security is mainstream and powerful. The smart home space is set to grow exponentially \n over the next few years and what excites us about igloohome is its efficient, convenient \n approach to home security and also its entrepreneurial leadership team who have been \n able to create thoughtful products and fulfil them in different markets. We are delighted \n to support igloohome and I’m speaking as both an investor and a very happy customer.​“","bbox":{"left":0.147059,"top":0.70928,"width":0.70547,"height":0.14962199999999992}},{"text":"The use of the funds will be focused on the development of smart access solutions for \n commercial projects, particularly in the hospitality industry, covering both communal","bbox":{"left":0.147059,"top":0.871212,"width":0.7057,"height":0.03314500000000009}}],"images_bbox":[{"left":0.379902,"top":0.047348,"width":0.238971,"height":0.061553}],"images_bbox_not_text_overlap":[{"left":0.379902,"top":0.047348,"width":0.238971,"height":0.061553}]}