AAA Managed by Q maintains progress with $30m

Managed by Q maintains progress with $30m

Managed by Q, the US-based office cleaning and maintenance service operator backed by internet and technology group Alphabet, has raised $30.5m in new funding, according to a regulatory filing.

The investors in the new round have not been named. The company began raising the capital late last month according to the filing and is targeting $40m for the round’s final close.

Managed by Q offers an office maintenance service that matches each client with a team comprising cleaners, assistants, helpers and handymen that are paid an hourly rate, with the overall management of tasks run through an electronic device in the office.

The new funding comes in the wake of a $25m series B round in April this year that included Alphabet’s early-stage investment arm, GV.

The series B round was led by Kapor Capital, the venture capital representative of diversity-focused tech inclusion organisation Kapor Center for Social Impact.

VC firm RRE Ventures had led the company’s $15m series A round in June 2015, investing together with Steadfast Financial, Greycroft Partners, Homebrew, Sherpa Ventures, SV Angel and various angel investors.

Homebrew, RRE Ventures and assorted angels had previously supplied approximately $1.7m in seed funding the year before.

– Image courtesy of Managed by Q

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