uHoo Secures $3.7M to Advance Indoor Environmental Quality Solutions

uHoo is leading the way in offering complete solutions to monitor and manage indoor environments. The infusion of $3.7 million lately speaks to the confidence that investors have in the mission of uHoo: creating healthier indoor spaces.

Company Overview

Founded in Singapore, uHoo specializes in smart IEQ monitoring and management solutions. The company’s flagship product, uHoo Aura, tracks up to 13 environmental parameters, including temperature, humidity, air quality, noise levels, chemical pollutants, and various particle sizes. This real-time data empowers building owners, managers, and occupants to enhance indoor health and comfort.

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Funding Details

The $3.7 million financing round was led by Wavemaker Ventures, which is the early-stage fund of Wavemaker Partners and Menarco Development Corporation. Additional participants included Undivided Ventures, Raymond Rufino, CEO of NEO Offices in the Philippines, Lighthouse Canton, and other existing shareholders. This exciting mix of investors exemplifies the wide appeal and the opportunities of uHoo’s solution globally.

Use of Funds

The newly acquired funds are to be utilized for several strategic initiatives:

• B2B Expansion: Accelerating growth in the business-to-business segment to meet the increasing demand for IEQ solutions in various industries.
• Product Development: Advancing the development of new hardware and software products to enhance the capabilities of uHoo’s offerings.

These initiatives fall in line with the global trend of prioritizing sustainability and ESG goals, as organizations realize the importance of indoor air quality to health and productivity.

Market Opportunity

Recent global health challenges have magnified the importance of indoor air quality. Businesses and institutions are increasingly seeking healthier solutions to the indoor environment. uHoo addresses this need by providing actionable insights about critical environmental factors, allowing organizations to proactively manage their indoor spaces.

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Competitive Landscape

The IEQ monitoring market is in a development stage, and many players offer solutions ranging from simple air quality monitors to complex environmental management systems. uHoo stands out from the crowd because it brings together multiple environmental parameters into one platform. Such an all-inclusive data collection with user-friendly analytics puts uHoo at an advantageous position in the market against competitors.

Leadership Perspective

Dustin Onghanseng, Co-founder and CEO of uHoo, explained that the company is really committed to health and sustainability and said, “This funding round will not only fuel our growth but also allow us to deepen our impact on people’s health and the environment. By enabling organizations to create healthier and more sustainable spaces, we are driving real change and addressing some of the most pressing challenges of our time.

Joel Ang, Principal at Wavemaker Ventures, said that with uHoo’s product and mission, it could potentially revolutionize the way one thinks about building operations through IEQ monitoring and management in the market, “Its accurate data and appropriate actionable insights enable customers to build healthier environments and enhance sustainability commitments.” 

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Client Success

Menarco Development Corporation, a leading real estate developer, has successfully integrated uHoo’s technology into its operations. Carmen Jimenez Ong, Founder of Menarco Development Corporation, shared, “uHoo has allowed Menarco to see the invisible, pinpointing issues like ventilation problems in high-traffic areas. By leveraging its data-driven insights, we’ve achieved 8 percent energy savings, and uHoo also helped in renewing our WELL Gold certification and health safety rating.”

Future Outlook

With the new funding, uHoo is well set to expand its B2B footprint and launch innovative products that would cater to the changing needs of businesses across the globe. The company’s integration of its system with existing building infrastructures will enable automated controls for air-conditioning, ventilation, and heating, thereby fostering health and energy efficiency.

Summary

Singapore-based indoor environmental quality monitoring firm uHoo has concluded its funding round, which includes a combination of equity and debt, raising $3.7 million in total. Wavemaker Ventures and Menarco Development Corporation led the round while Undivided Ventures, Raymond Rufino, Lighthouse Canton, as well as existing shareholders participated in the funding round. The said investment will fund uHoo’s growth in the B2B segment and new hardware and software products.