HqO, a company that creates apps to foster landlord-tenant engagement, has obtained a total of $6.6M in seed funding from a number of major commercial real estate players.
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According to HqO, its platform helps office landlords better understand their tenants through analytics, and improves the tenant experience via mobile building access, real-time information about transit, and apps that provide mobile discounts, ordering ahead and group orders for retail establishments in an office building. The platform also strives to improve building operations and optimize amenities.
"Coworking and flex-space providers have done a good job of proving that today’s tenants and employees care deeply about having a great experience at their place of work,” HqO CEO Chase Garbarino said in a statement.
“Our software platform gives landlords the tools to activate their amenities, own the relationship with the end-user of their product, and ultimately increase [net operating income] and asset value.”
The HqO platform is already being used by property owners, including DivcoWest, Jamestown, National Development, Boylston Properties and Bulfinch Cos.
HqO said it will use this round of funding to accelerate sales, marketing and product development and make hires in multiple roles in all departments of the business.
Venture capital firm Accomplice led the funding round. Other investors include JLL Spark, a division of JLL, Navitas Capital, a venture capital firm focused on investing in technology for the built environment, DivcoWest and Pritzker Group Venture Capital.
Goodwin Gaw, chairman of Gaw Capital and managing principal of Downtown Properties, David Hirsch, former managing director of Blackstone, and Jeremy Neuer, executive vice president at CBRE Suburban Tri-State Capital Markets, are also investors.
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