Title

Proptech Startup HqO Raises $34M To Serve As A ‘Universal Remote’ For Office Buildings

It’s been nearly two years since HqO launched the first version of its software, and since that time it says it’s grown to managing 70 million square feet of office space.

It’s currently working with 31 landlords including Blackstone’s EQ Office, Jamestown, DivcoWest, and National Development (up from six one year ago).

The platform also features content and events, and provides landlords with data aimed at helping them “increase tenant retention, differentiate the building to prospective tenants, and inform asset strategy.”

The company says it’s different from some other companies in the increasingly crowded space in that it provides the software but is “not an amenity curator.”

AJ Malhotra, vice president at Insight Partners, said commercial landlords are “increasingly cognizant of the returns they can generate by enhancing the office experience.”

Insight decided to back HqO, he said, “after an exhaustive examination of the landscape of TeX providers.” The firm was impressed by the company’s “technology, passion and rapid growth.” The firm has also backed VTS, a leasing and asset management platform.

Full Article