HqO, a leading tenant experience platform for commercial real estate, has recently announced that it has secured $50 million in Series D funding. This funding comes at a time when the commercial real estate industry is facing significant challenges due to the ongoing COVID-19 pandemic.
The funding round was led by Insight Partners, a leading global venture capital and private equity firm. Other participants in the round included Accomplice, Navitas Capital, DivcoWest, and JLL Spark. This latest investment brings HqO’s total funding to $94.9 million since its inception in 2018.
HqO’s tenant experience platform aims to enhance the workplace experience for employees and tenants in commercial buildings. The platform provides a range of features and services, including mobile apps, digital access control, and community engagement tools. These tools enable building owners and property managers to create a more connected and engaging environment for their tenants.
The COVID-19 pandemic has had a significant impact on the commercial real estate industry. With remote work becoming the new norm for many businesses, office spaces have seen a decline in occupancy rates. This has led to increased vacancies and financial challenges for building owners and property managers.
However, HqO’s tenant experience platform has proven to be invaluable during these challenging times. The platform allows building owners to communicate important updates and safety protocols to tenants, ensuring a safe and secure workplace environment. Additionally, the platform offers virtual amenities and services that can be accessed remotely, such as fitness classes, wellness programs, and community events.
The Series D funding will enable HqO to further develop its platform and expand its reach in the commercial real estate market. The company plans to invest in product innovation, sales and marketing efforts, and global expansion. With this funding, HqO aims to help building owners and property managers adapt to the changing needs of tenants and create a more resilient and engaging workplace experience.
Commenting on the funding round, Chase Garbarino, CEO and co-founder of HqO, stated, “We are thrilled to have the support of Insight Partners and our other investors as we continue to build the leading tenant experience platform for commercial real estate. This funding will allow us to accelerate our growth and deliver even more value to our customers during these challenging times.”
The commercial real estate industry is undergoing a transformation, and technology-driven solutions like HqO’s tenant experience platform are becoming increasingly important. As businesses navigate the uncertainties brought about by the pandemic, creating a safe and engaging workplace environment will be crucial for attracting and retaining tenants. HqO’s platform offers a comprehensive solution that addresses these needs and helps building owners stay competitive in a challenging market.
In conclusion, HqO’s $50 million Series D funding comes at a critical time for the commercial real estate industry. The company’s tenant experience platform provides a range of tools and services that enable building owners and property managers to create a more connected and engaging workplace environment. With this latest investment, HqO is well-positioned to help the industry adapt to the challenges posed by the COVID-19 pandemic and emerge stronger in the post-pandemic era.
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