What igloocompany does

igloocompany Pte Ltd, headquartered in Singapore and founded in 2015, is a smart access management platform provider operating under the igloohome consumer and enterprise brand. The company designs and manufactures a portfolio of 19 smart lock products spanning mortise, deadbolt, retrofit, gate, rim, glass door, and padlock form factors, complemented by accessory modules (Keybox, Bridge, Keypad, Key Fob). Its flagship technical differentiator is AlgoPIN, a proprietary offline access architecture that downloads valid PINs to a secure chip inside the lock at setup and validates credentials locally in milliseconds, eliminating WiFi dependency and removing the data-cabling or network buildout typically required for cloud-dependent smart locks.

The platform layer above the hardware consists of iglooworks, an enterprise access control software suite supporting delegated provisioning, bulk user management, proactive maintenance alerts, and instant credential revocation, and iglooconnect, an integration platform exposing a single API with 500+ pre-built integrations across property management (RealPage, SmartRent, Livly, Geokey), vacation rental (Mister Booking), facilities, and iPaaS (Make.com). Customer segments are primarily multifamily property operators, short-term/vacation rental hosts, and enterprise property managers, with secondary use in retail/locker pickup (Hornbach), equipment rental (Lockii), and fitness/wellness facilities.

Revenue is generated through two streams: one-time hardware sales of smart locks and accessories, and recurring subscription revenue from iglooworks enterprise software. Distribution is multi-channel, combining direct enterprise field sales, a direct-to-consumer e-commerce store, and a global reseller/distributor network spanning 100+ cities across the USA, UK, APAC, and Europe. The company has raised US$32 million in total venture funding, with a US$12 million Series B1 in March 2022 led by Purpose Venture Capital earmarked for US and European expansion. Operating scale signals include 1 million+ doors served daily and 25 million+ access credentials issued annually through the platform.

Name

igloocompany

Legal name

igloocompany Pte Ltd

Website

https://igloocompany.co

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Igloocompany (Singapore, founded 2015) provides a smart access management platform combining proprietary offline-capable smart lock hardware with enterprise software and 500+ PMS/booking integrations, serving multifamily operators, short-term rental hosts, and commercial property managers across 100+ cities globally.

Ownership category

akta.pro rank

Product category

Smart Access Control Hardware

NAICS

Security Systems Services (except Locksmiths) (561621), Hardware Retailers (44414)

akta.pro primary industry

Residential Smart Lock Hardware (Keypad, Keyless, Biometric, Connected) (HSAHAEAA)

akta.pro secondary industries

Smart Lock Software Platforms & Mobile Apps (Access Control SaaS) (HSAHAEAG), Integration Services (Smart Home Hubs, Voice Assistants, Alarm & Video) (HSAHAEAH), Smart Lock Installation, Retrofit & Door Hardware Services (HSAHAEAB), Architectural Hardware & Door Controls (Hinges, Locks, Closers, Panic Devices) (IMADAIAI)

Keywords

• Smart access control
• Keyless entry systems
• Smart lock hardware
• Property access management
• Offline smart locks

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Smart Lock Hardware Sales: Sale of smart lock devices including Mortise, Deadbolt, Retrofit, Gate, Rim, Glass Door, and Padlock variants. Hardware is sold as one-time purchase with various form factors for different access points (doors, gates, lockers).
2. Accessories and Add-ons: Sale of complementary devices including Keybox, Bridge, Keypad, and Key Fob. These peripheral devices enhance the smart lock ecosystem and provide additional access methods.
3. Enterprise Software Subscription (iglooworks): Software platform for enterprise operators providing end-to-end access control, delegated provisioning, bulk user management, proactive alerts, and portfolio-wide management. Targets mid- to large-scale multifamily and enterprise operators.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

igloocompany designs, manufactures, and sells a portfolio of offline-capable smart locks (mortise, deadbolt, retrofit, gate, rim, glass door, padlock) along with the iglooworks enterprise access control software and the iglooconnect integration platform. The locks run on AlgoPIN, a proprietary technology that stores valid PINs on a secure chip inside the device so authentication works without WiFi or internet, eliminating data cabling and managed-network costs for property operators.

Product overview

Igloocompany offers a comprehensive smart access control platform consisting of hardware smart locks and software solutions. The product portfolio includes 19 distinct smart lock products spanning mortise locks, deadbolts, padlocks, rim locks, gate locks, and glass door locks, along with accessory modules (Keybox, Bridge, Keypad, Key Fob). The platform is powered by AlgoPIN technology enabling offline-capable keyless access without WiFi dependency. Software offerings include iglooworks (enterprise access control management) and iglooconnect (integration platform with 500+ pre-built partners). The company provides solutions for short-term rentals, multifamily housing, single-family rentals, co-living spaces, and commercial access control applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortise Touch Smart mortise lock with touch-enabled access for residential and commercial doors.
• Push-Pull Mortise Smart mortise lock with push-pull handle design for easy door operation.
• Mortise 2+ Enhanced smart mortise lock with advanced security features and multiple access methods.
• Mortise 2 Smart mortise lock for residential doors with PIN, Bluetooth, and fingerprint access.
• Deadbolt Go Portable smart deadbolt with fingerprint unlock, designed for flexible installation and iF Design Award 2026 winner.
• Deadbolt 2S Metal Grey Smart deadbolt lock with metal grey finish, supporting multiple access methods including PIN and Bluetooth.
• Retrofit Lock Retrofit smart lock designed for easy installation on existing doors without replacement, launched for the European market at IFA 2022.
• Lever Mortise Smart lever-style mortise lock for commercial and residential applications.
• Gate Lock Smart lock designed specifically for gate access control.
• Rim Lock for Metal Gates Rim lock configuration designed for metal gate installations.
• Rim Lock for Wooden Doors Rim lock configuration designed for wooden door installations.
• Glass Door Lock Smart lock designed for glass door installations, enabling keyless access.
• Padlock 2 Smart padlock with enhanced features for securing lockers, sheds, and storage units.
• Padlock Lite Lightweight smart padlock for basic security applications.
• Padlock (Space-capable) Original smart padlock product, with a space-capable variant demonstrating AlgoPIN operation in low-orbit environments.
• Keybox 3 Secure key storage box with smart access capabilities for storing and sharing physical keys.
• Bridge Wi-Fi bridge device that connects offline smart locks to the internet for remote management and monitoring.
• Keypad External keypad accessory for additional PIN code entry method on compatible locks.
• Key Fob Tap-to-unlock fob accessory for back-of-house and staff access without requiring a phone.
• iglooworks End-to-end access control software platform for mid- to large-scale enterprise operators, enabling bulk user management, visitor passes, delegated provisioning, and proactive maintenance alerts.
• iglooconnect Integration platform providing a single API that connects every igloo lock and location, with 500+ pre-built integration partners across property management, booking, and access platforms.
• igloohome Mobile App Mobile application for managing smart locks, generating access codes, and controlling access remotely.

Quantifiable outcome

• 2-3x increase in bookings and average utilisation for properties using igloo smart access control
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core.

• ShowingTimecoreTechnology or IntegrationIntegration partnership launched March 2022 providing secure access lock solution for real estate showings. igloocompany's smart locks integrate with ShowingTime's offer management platform to enable secure, automated access for property viewings.
• GeokeycoreTechnology or Integration500+ pre-built integration partner. Geokey is a property access management platform integrated with igloo's smart lock ecosystem for seamless keyless access control.
• SwiftlanecoreTechnology or Integration500+ pre-built integration partner. Swiftlane provides visitor management and access control solutions integrated with igloo smart locks.
• RealPagecoreTechnology or Integration500+ pre-built integration partner. RealPage is a property management software provider integrated with igloo's smart access platform for multifamily operators.
• SmartRentcoreTechnology or Integration500+ pre-built integration partner. SmartRent provides smart home and property technology solutions integrated with igloo's access control ecosystem.
• LivlycoreTechnology or Integration500+ pre-built integration partner. Livly provides property management and tenant experience platform integrated with igloo smart locks.
• Mister BookingcoreTechnology or Integration500+ pre-built integration partner. Mister Booking is a booking management platform integrated with igloo's smart access solutions for vacation rentals.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Salto Systems: Global electronic access control provider for commercial, hospitality, and residential markets with a broad hardware and software portfolio. Competes with igloocompany in commercial access control and multi-property deployments.
• August Home (Assa Abloy): Acquired by Assa Abloy, August is a major smart lock brand in the residential and short-term rental market. While August focuses on retrofit residential smart locks, it competes directly with igloocompany's consumer and SMB offerings and benefits from the parent's enterprise reach.
• Yale Home (Assa Abloy): Yale's smart lock lineup, owned by Assa Abloy, competes across residential and commercial access control. Its brand recognition and distribution through traditional locksmith channels make it a broad incumbent competitor in the smart lock category.
• Schlage (Allegion): Allegion's flagship lock brand offering Encode and other smart lock lines for residential and multifamily. Schlage's scale and builder/developer relationships position it as a key competitor for new construction multifamily smart lock contracts.

Emerging players

• Kisi: Cloud-based physical access control platform for commercial and coworking spaces. Kisi competes in adjacent access control verticals and represents an emerging threat in cloud-managed access, though focused on commercial rather than residential/multifamily.

Direct peers

• Operto: Vacation rental and short-stay property automation platform offering smart access control as part of its suite. Operto is both a competitor (in vacation rental access) and an integration partner of igloocompany, addressing overlapping guest experience use cases.
• Latch: Smart access control platform purpose-built for multifamily and apartment operators, with similar enterprise software, credential management, and portfolio-wide deployment model as igloocompany. Both target property managers and emphasize integrated software/hardware stacks.
• RemoteLock: Cloud-based smart lock management platform serving vacation rentals, multifamily, and commercial properties with similar WiFi- and cellular-enabled locks and centralized access control software. Direct competitor in the remote-access smart lock space.
• Nuki Home Solutions: European-headquartered smart lock company offering retrofit smart locks for residential and short-term rental use cases. Nuki is a direct peer focused on the European market where igloocompany is expanding, with similar feature set including PIN, Bluetooth, and app-based access.
• Brivo: Cloud-native access control platform serving commercial real estate, multifamily, and enterprise customers. Brivo's SaaS model and integrator network compete with igloocompany's iglooworks enterprise platform for large property operator accounts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/igloocompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about igloocompany