About Igloo Rent
Igloo Rent is a company based in Palo Alto (United States) founded in 2018 by Vignir Mar Lydsson and Vilhjalmur Andri Kjartansson was acquired by Arion banki in December 2019.. Igloo Rent operates in a competitive market with competitors including Jetty, Insurent, Glazd and ResidentShield, among others.
- Headquarter Palo Alto, United States
- Founders Vignir Mar Lydsson, Vilhjalmur Andri Kjartansson
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Sectors
Financial Services
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Email
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Phone
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Arion banki
(Dec 05, 2019)
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Funding Insights of Igloo Rent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Igloo Rent
Igloo Rent has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Arion banki. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered in Reykjavik, Iceland.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Igloo Rent
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Igloo Rent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Igloo Rent Comparisons
Competitors of Igloo Rent
Igloo Rent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jetty, Insurent, Glazd and ResidentShield, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Jetty is recognized as a financial services company for renters.
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Residential leases are guaranteed for creditworthy renters lacking financial qualifications.
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Renters insurance policies and compliance are managed via specialized software.
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Offers renters insurance and electricity plans for residential customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Igloo Rent
When was Igloo Rent founded?
Igloo Rent was founded in 2018.
Where is Igloo Rent located?
Igloo Rent is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Igloo Rent?
Vignir Mar Lydsson is the current CEO of Igloo Rent. They have also founded this company.
What does Igloo Rent do?
Igloo was founded in 2018 in Palo Alto, United States, to operate as an online platform in the property insurance sector. Digital services are offered to individuals, covering property-related risks through streamlined online processes. The company is co-led by Vignir Mar Lydsson as CEO and Vilhjalmur Andri Kjartansson as co-founder, with operations centered in the U.S. insurtech space.
Who are the top competitors of Igloo Rent?
Who are Igloo Rent's investors?
Igloo Rent has 1 investor. Key investors include Arion banki.