Proptech company HqO closes $34M funding round

Boston-based company presents buildings’ amenities and services on one platform

Dec.December 17, 2019 07:30 AM
HqO CEO Chase Garbarino (Credit: Facebook, iStock)

HqO CEO Chase Garbarino (Credit: Facebook, iStock)

A proptech company focused on the “tenant experience” at commercial properties has raised $34.2 million in a series B funding round.

HqO, which developed technology to unify “tenant-facing technology, amenities and conveniences into a single platform,” has now raised $53 million in venture capital in total, the company said in a statement Tuesday.

HqO CEO Chase Garbarino said the experience of commercial office tenants is usually quite convoluted because people “have to navigate disparate systems for amenities, visitor management and work orders.” Users of the HqO platform can track public transport options, book conference rooms and explore nearby food and wellness options.

The Boston-based company, which recently opened new offices in London, Paris and New York City, said in a statement that it would use the funding to double its engineering team and expand its technology.

The latest round was led by venture capital firm Insight Partners and accompanied by existing investors Accomplice and Navitas Capital.

HqO said in a statement that its platform has been used by major office landlords including Blackstone’s EQ Office, Jamestown, DivcoWest and National Development.

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