US-based tenant communication platform developer HqO secured approximately $34.3m on Tuesday in a series B round featuring JLL Spark, real estate services provider JLL’s corporate venturing unit.
Venture capital firm Insight Partners led the round, which also featured Accomplice, Navitas Capital and Pritzker Group Venture Capital.
HqO is the creator of an online platform that helps building landlords and business tenants engage with each other while allowing employees to securely enter and leave the building and access amenities like onsite food and drink, book conference rooms and track public transport schedules.
Chase Garbarino, chief executive of HqO, said: “Over the past few years, there has 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.”
The funding will support technology development and the upscaling of the company’s sales and operations in addition to a recruitment drive intended to double its engineering team.
The company said it has now raised $53m altogether, $6.6m of which came in a September 2018 seed round featuring JLL Spark, real estate developer DivcoWest, Accomplice, Navitas Capital, Pritzker Group Venture Capital, Goodwin Gaw, David Hirsch and Jeremy Neuer.
DivcoWest, fellow property developer New England Development and law firm Goodwin subsequently joined home security product maker Allegion’s corporate venturing unit, Allegion Ventures, and various individuals to add $6m in May this year.
