Singapore's IoT startup uHoo raises new funds due to increased demand for indoor air monitoring during the corona crisis | BRIDGE Technology & Startup Information

Singapore-based indoor air quality sensor developer uHoo announced today that it has raised a round of funding led by Wavemaker Partners. The funding amount has not been disclosed, but it is said that the offer exceeded 50% of the initial procurement amount.

In addition to Enterprise Singapore, existing and new investors in the technology and real estate industries, including Steve Melhuish, co-founder of Southeast Asian online real estate giant PropertyGuru Group, also participated in the round. participated in. Steve Melhuish is also a venture partner at Wavemaker.

The funding will be used by uHoo to meet the significant increase in demand for its 'healthy building' solutions, accelerate growth by creating more jobs, and develop innovative new products and services.

Founded in 2014 by Dustin Jefferson S. Onghanseng and Brian Lin, uHoo designed an air quality sensor device. It can monitor nine air quality parameters and provides data, alerts, insights and recommendations via a mobile app.

In a press release, the company said in a press release that over the past 12 months, fueled by "strong healthy building demand" for governments, schools, hospitals, hotels, malls, kitchens, offices and families in North America, Europe and Asia. The number of vehicles introduced during this period has increased by about five times compared to the previous year.

The company also said that sales exceeded its original 2020 plan due to COVID-19 and the increased focus on health and well-being. In June 2020, uHoo released a "virus index" that allows real-time confirmation of the survival rate and airborne transmission risk of the new coronavirus.

Melhuish, who will join Uhoo's board of directors, said:

The company addresses the large US$180 billion air quality market, which is expected to grow rapidly due to the growing concern for health and safety globally.

In the last few months, uHoo has expanded its customer base across different industries around the world to provide solutions such as data insights, dashboards, apps, alerts and integration with building management systems. .

Clients include Singaporean property developer giants Capitaland and CDL, Singaporean sovereign investment firm GIC, Hong Kong construction giant Gammon Construction, Amsterdam Airport Schiphol, HK Baptist University, the Netherlands, US and Australian governments, etc.

In 2018, uHoo raised multi-million US dollars in a bridge round led by Wavemaker Partners with participation from Seeds Capital.

【via e27】@e27co

[Original]

BRIDGE Members

BRIDGE operates a membership system "BRIDGE Members". BRIDGE Tokyo, a community for members, provides a place to connect startups and readers through tech news, trend information, Discord, and events. Registration is free.

---

Free member registration