Air Quality Company Co-Founded by Filipino Sees Fivefold Increase in Sales During Height of Pandemic
Singapore-based air quality sensor company uHoo announced a new funding round on Tuesday that it says was “oversubscribed by 50 percent,” although it did not disclose the amount.
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The funding round was led by Wavemaker Partners, a venture capital firm with headquarters in Singapore and Los Angeles, California. Others who joined the round are Enterprise Singapore, PropertyGuru Group co-founder Steve Melhuish (also a venture partner at Wavemaker), and other investors from the tech and real estate sectors.
uHoo said it will use the fresh funds to expand its engineering and sales teams “as part of its aggressive strategy to meet the increase in demand for healthy buildings.”
Founded in 2014, uHoo monitors “nine air quality parameters and provides data, alerts, insights and recommendations via the uHoo mobile app.”
While many other businesses have faltered in the face of the coronavirus pandemic, the company said it has actually grown during the health crisis.
“The Company’s revenue is exceeding original 2020 plans due to COVID-19 and the increased focus on health and wellbeing,” it said in a news release. “uHoo has seen an almost fivefold increase in units deployed in last twelve months driven by strong ‘healthy home’ and ‘healthy building’ demand by governments, schools, hospitals, hotels, malls, kitchens, and offices in North America, Europe and Asia.”
Last June, uHoo launched the world’s first Virus Index, a proprietary technology that provides a real time view on virus survival, including COVID-19, based on air quality. This “uHoo Virus Index" analyzes air quality data, through a mobile uHoo app, and provides an assessment on the risk of viruses surviving in homes or workplaces, as well as how the air affects general health and immune system.
“Health and safety have been neglected by majority of employers, landlords and building owners for the longest time,” says Dustin Jefferson S. Onghanseng, the Filipino co-founder and CEO of uHoo. “The COVID-19 pandemic has put this in the spotlight and accelerated the movement towards healthy workplaces and healthy buildings. Healthy workplaces and healthy buildings are no longer just empty buzzwords, it is the bare minimum required of employers and landlords.”
uHoo’s client list includes Capitaland, CDL, GIC, Gammon Construction, Schiphol Airport, HK Baptist University, and the governments of Holland, the USA, and Australia.
In 2018, uHoo had raised a 7-figure in a bridge round led by Wavemaker Partners with co-investment from Seeds Capital, according to e27.
The Company is a leading figure in the $180 billion air quality market, which it says is expected to grow rapidly due to increased health and safety concerns globally driven by the coronavirus pandemic.