HqO raises £26.2m in Series B funding round
HqO, the tenant experience (TeX) platform for commercial real estate, has announced that it has raised £26.2m in Series B financing to power the company’s continued growth. HqO will use this capital to expand its technology, double its engineering team, and grow sales and business operations to accelerate national and international expansion.
The funding round was led by Insight Partners and included the participation of previous investors Accomplice, Navitas Capital, Pritzker Group Venture Capital, and JLL Spark.
HqO’s technology is currently used in properties in more than a dozen markets in the United States and United Kingdom, including the 4.6-million-square-foot Willis Tower in Chicago, the second-tallest building in North America. In recent months, the Boston-based company has opened offices in New York City, London, and Paris to fuel its continued growth.
HqO CEO Chase Garbarino said: “Over the past few years, there’s been a tidal wave of tenant demand for an enhanced workplace experience, and a growing cohort of commercial landlords has begun to seek out software solutions that meet this market need.
“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. 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.”