Singapore's igloohome closes its Series B funding at $15 million

igloohome, a Singaporean smart access solutions startup, has secured $15 million in its Series B financing round.

Existing backers, Insignia Ventures Partners, Wavemaker Partners, and SEEDS Capital, have jointly led the round with participation from Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management and others.

igloohome intends to use the money raised from the round for research and development and to support its existing and new distribution partners globally, especially in Europe, the U.S. and the Asia Pacific.

The startup noted that with the new funds, it has launched a suite of smart access solutions, iglooworks, for enterprise customers, primarily in the real estate and infrastructure sectors.