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§ Private Profile · 777 Igloo Rd, Katy, TX 77494, USA
Manufacturer of insulated coolers and ice chests for outdoor recreation and worksites, offering durable and versatile products.
Igloo, based in Katy, Texas, manufactures insulated coolers and ice chests for outdoor activities, work, and recreation, serving consumer and industrial markets globally. The company is recognized as the world's largest cooler manufacturer, producing over 16 million coolers annually across more than 500 products from its 1.8-million-square-foot facility. With over 1,200 employees, Igloo pioneered the first all-plastic cooler in the 1960s and developed iconic designs like the Playmate series, alongside modern eco-friendly models. Historically a subsidiary of Brunswick Corp, the company is now backed by private equity firm ACON Investments, with Dave Allen serving as President and CEO. Igloo celebrated its 75th anniversary in 2022, highlighting innovations from its original metal water coolers for oil field workers to its recent ECOCOOL recycled-material coolers. It was founded in 1947 in Texas by a group of Houston investors.
Igloo has raised $114.5M across 7 funding rounds.
Igloo has raised $114.5M in total across 7 funding rounds.
Igloo has raised $114.5M across 7 funding rounds. Most recently, it raised $5.0M Other Equity in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 26, 2026 | $5M Venture Round | Tokio Marine | — | Announced |
| Jul 1, 2024 | $11M Series U | — | Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven SIX, Balaji Srinivasan, Steve Olechowski | Announced |
| Dec 1, 2023 | $36M Series C | — | Alpine Ventures, Eurazeo, Founders Fund, Openspace Ventures, LA Maison | Announced |
| Nov 28, 2022 | $27M Series B Plus | Cathay Innovation, Ulla Maija Rantapuska, LA Maison, The Insuresilience Investment Fund, Rajat Arora | Angel Investors, Openspace Ventures | Announced |
| Mar 1, 2022 | $19M Series B | — | Eurazeo, Founders Fund, Openspace Ventures | Announced |
| Apr 1, 2020 | $16M Series A | — | Eurazeo, Founders Fund, Openspace Ventures | Announced |
| Jan 1, 2016 | $540K Seed | — | ISAI | Announced |
Igloo has raised $114.5M in total across 7 funding rounds.
Igloo's investors include Tokio Marine, Advancit Capital, Cultivation Capital, Founders Fund, Seven Seven Six, Balaji Srinivasan, Steve Olechowski, Alpine Ventures, Eurazeo, Openspace Ventures, La Maison, Cathay Innovation.
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]