HqO, a tenant experience operating system for commercial office buildings, announced it raised $60 million in Series C funding from leading venture capital and commercial real estate firms.
Previous investors Accomplice, Insight Partners, JLL Spark, Navitas Capital, DivcoWest, Allegion Ventures, and The Pagliuca Family Office participated in the round, joining new investors PruVen Capital, Cushman & Wakefield, and Suffolk Tech.
The company said it has raised $106.9 million to date, and will use the funds to support its growth strategy, which includes expanding its existing footprints in Boston, New York City, London, and Paris, as well as open new offices in Toronto and the Midwest and West Coast regions of the United States.
HqO services over 60 commercial real estate clients worldwide, including Columbia Property Trust, Vornado Realty Trust, Nuveen Real Estate, Jamestown L.P., Hudson Pacific Properties, Grosvenor, Landsec, J.P. Morgan Asset Management, and Endurance Land.
HqO said its solutions let office owners generate value by arming them with technology that blends the physical and digital office experiences to better engage with the people who occupy their buildings.
HqO Co-Founder and CEO Chase Garbarino said, “We’re really happy with the composition of our Series C round being led by existing investors, but also bringing together a network of strategic investors setting HqO up for unprecedented growth as the world returns to offices. This round of funding is more than just capital; it comes with strategic partnerships that will significantly expand HqO’s reach and differentiate our offering.”
“The CRE industry is in the process of shifting the value equation away from the physical nature of the buildings to the tenants and employees who occupy them. We believe that a world-class tenant experience platform will help to satisfy this shift. After extensive research, we have identified HqO as the tenant experience market leader,” said Travis Skelly at PruVen Capital.
“We’re proud investors in HqO since 2018 and excited to support them as they expand their industry-leading tenant experience platform and technology leadership,” said Yishai Lerner, Co-CEO at JLL Technologies. “HqO is a must-have product for any landlord seeking to retain, attract and build stronger relationships with their tenants.”
Active in over 150 million square feet in seven countries, HqO is known for its tenant experience platform comprised of a tenant app, analytics suite, and partner marketplace.