PropTech Firm HqO Raises $34M In Funding
HqO, a Boston-based landlord-tenant engagement PropTech company, has raised $34.2M in Series B funding.
The latest round of funding brings HqO’s venture capital funding total to $53M. Insight Partners led the most recent round of funding, which also included earlier HqO investors Accomplice and Navitas Capital.
“HqO has become a true platform that offers tenants and landlords a seamless experience by integrating with the full stack of building technologies across mobility, property management, retail and community categories,” HqO CEO Chase Garbarino said in a statement. “Insight Partners has an extensive track record of partnering with world-leading companies that transform their respective industries, and we’re excited to work with them as we continue our global expansion.”
HqO has offices in New York City, London and Paris. The latest funding will fuel growth and is expected to double the company’s engineering team, expand its sales and business operations, and increase domestic and international expansion.
“After an exhaustive examination of the landscape of TeX [tenant experience] providers, HqO’s technology and the passion with which its executive team guides the company helped it stand out as a clear leader in the market,” Insight Partners Vice President AJ Malhotra said. “With rapid user growth internationally and in nearly every major U.S. metro, HqO has become a TeX force, and we’re excited to partner with them as they continue scaling their business.”
HqO’s software unifies various tenant-facing amenities and technology on a single platform. It is used across 70M SF of office, including Willis Tower in Chicago, the company says. DivcoWest, Blackstone’s EQ Office, Jamestown and National Development use the software.
