US-based tenet communication platform HqO secured $60m on Wednesday in a series C round backed by real estate services providers Cushman & Wakefield and JLL, property developer DivcoWest and security equipment producer Allegion.
The round included real estate developer Suffolk Construction’s Suffolk Capital affiliate, PruVen Capital, Accomplice, Insight Partners, Navitas Capital and the Pagliuca Family Office, while JLL and Allegion participated through their respective corporate venturing units, JLL Spark and Allegion Ventures.
HqO has developed an online platform that facilitates secure communication between commercial landlords and their business tenets. It can also control access to buildings and amenities and offers a marketplace of property technology services providers.
The company plans to open new offices in Toronto, Canada as well as in the Midwest and West Coast regions of the United States.
Chase Garbarino, HqO’s co-founder and CEO, said: “We are 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.”
The company has raised $107m since it was founded in 2017, including $34.3m in a series B round led Insight Partners in December 2019 that included JLL Spark, Accomplice, Navitas Capital and Pritzker Group Venture Capital.
Allegion Ventures, DivcoWest, law firm Godwin and real estate developer New England Development took part in a $6m financing round for HqO in May 2019 that also featured private investors Steve Pagliuca, Gerald Chan, Mike Gordon and Sam Kennedy.
HqO jad already collected $6.6m in a 2018 seed round backed by JLL Spark, DivcoWest, Accomplice, Navitas Capital, Pritzker Group Venture Capital, Goodwin Gaw, David Hirsch and Jeremy Neuer.