Singapore’s uHoo raised $3.7 M funding from Wavemaker Ventures, Menarco Development Corporation

Singapore-based UHoo, a supplier of intelligent indoor environmental quality (IEQ) monitoring and management systems, has announced the successful completion of a $3.7 million funding round that includes debt and equity.

Menarco Development Corporation and Wavemaker Ventures, Wavemaker Partners’ early-stage fund, led the round, the company said in a statement on Tuesday.

Undivided Ventures, Lighthouse Canton, Raymond Rufino (Chief Executive Officer of Neo offices in the Philippines), and other current shareholders also participated in the round.

The money will support the development of new hardware and software products as well as uHoo’s growth, especially in the business-to-business (B2B) sector.

As organizations around the world place a greater emphasis on sustainability and environmental, social, and governance (ESG) initiatives, the funding comes at a crucial moment.

As companies realize the impact of indoor air quality (IAQ) on worker health, productivity, and general well-being, there is a growing demand for greener, healthier buildings, according to the statement.

“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,” said Dustin Onghanseng, Co-founder and Chief Executive Officer of uHoo,

Real-time information on important environmental parameters like temperature, humidity, air quality, noise levels, chemical pollutants, and different particle sizes is provided by UHoo’s technology.

Its flagship product, uHoo Aura, is an IEQ solution that can be upgraded to track up to 16 parameters.

Building owners, managers, and tenants can improve building performance and create healthier, more comfortable indoor environments with the help of the insights and suggestions.

By integrating with the building’s current systems, the system allows for automated heating, ventilation, and air conditioning controls, improving occupant health and conserving energy.

Major real estate developers in the Asia Pacific area, multinational firms in the real estate, healthcare, finance, hospitality, and manufacturing sectors, as well as governmental organizations in Asia, Europe, and the Americas, are among the firm’s varied clientele.

“UHoo takes the most comprehensive approach in the market to IEQ monitoring and management, which has the potential to revolutionize how we think about building operations,” said Joel Ang, Principal at Wavemaker Ventures.

“Its accurate data and appropriate actionable insights enable customers to build healthier environments and enhance sustainability commitments,

“These solid and meaningful benefits continually drive the organic growth of uHoo’s B2B customers, such as Capitaland and JLL, and secure strategic deals across key markets in Asia-Pacific. We are looking forward to seeing uHoo further empower the sustainable building technology space,” he added.