Despite that, owners can still control access remotely, while there’s a physical key just in case. The products are notable because they work offline, requiring either a manually entry pin code or ‘Bluetooth key’ on a phone to unlock. Inspired by the rise of Airbnb and hosts on the platform, Igloohome sells a range of key-less products that include digital locks, digital deadbolts and a digital safety deposit box. The company is a rare example of a hardware startup coming out of Southeast Asia with a global presence. Phillip Private Equity, X Capital Ventures, K3 Venture’s Kuok Meng Xiong, angel investor Koh Boon Hwee, and existing backer Wavemaker Partners also took part. The investment was led by Insignia Ventures, the new firm started by ex-Sequoia venture partner Yinglan Tan. Singapore-based smart lock maker Igloohome raises $4M
