HqO Secures $50M in Series D Funding

The commercial real estate sector has been navigating challenging times with the rise of remote and hybrid work arrangements, coupled with downsizing efforts by many companies. However, amidst this turbulence, Boston-based workplace startup HqO has managed to secure a significant boost in the form of a $50 million Series D funding round. The investment is led by Koch Industries subsidiary Koch Real Estate Investments, signaling a vote of confidence in HqO’s mission to help landlords and building operators optimize occupancy in a rapidly changing landscape.

HqO has been pioneering the development of what they call the Real Estate Experience Platform, a cutting-edge tool that empowers property owners and managers to gain valuable insights into how their tenants utilize their facilities. By harnessing data analytics, the platform enables building managers to measure tenant preferences and satisfaction levels. This data-driven approach aims to enhance tenant retention and improve operational efficiency, which is paramount in a time when reducing operating costs is of utmost importance.

Chase Garbarino, co-founder, and CEO of HqO, expressed the company’s commitment to revolutionizing the real estate experience. He stated, “HqO is here to reimagine the status quo and lead the charge toward a more connected, efficient, and user-centric real estate experience. We’re doubling down on our commitment to connect real estate to the people and help create spaces that truly serve the evolving needs of those who use them.”

HqO’s Real Estate Experience Platform has already made a significant impact, connecting more than 350,000 users across 700 properties in over 32 countries. This latest capital injection brings the company’s total funding to an impressive sum of over $200 million, reflecting the growing interest and trust from investors. Notably, Accomplice, Insight Partners, and Related also participated in this recent funding round, further cementing HqO’s position as a rising star in the real estate technology sector.

In a time of uncertainty and change in the commercial real estate world, HqO’s innovative approach and continued funding success demonstrate its commitment to reshaping the industry for a more flexible and tenant-centric future.