Chase Garbarino
Headquarters
Real estate software company HqO has raised more than $50 million to fuel its growth and acquisition strategy.
The Series D round was led by Koch Real Estate Investments, a subsidiary of Koch Industries, with participation from existing investors including Accomplice, Insight Partners, and Relationship.
This round brings HqO’s total funding to date to over $200 million.
HqO develops a software “Experience” platform to manage how tenants and employees use buildings.
Its latest product is the Real Estate Experience (REX) platform. It brings together several tools for building owners and operators to manage the tenant and employee experience within their properties.
The tools include measuring employee work styles, preferences, and satisfaction, as well as the market for services within the building. The company says this will improve retention rates and improve operating cost efficiency.
According to HqO, REX is used by more than 350,000 users across 700 facilities.
HqO Chief Executive Officer Chase Garbarino said it is becoming increasingly important to effectively measure building usage.
“The world has changed dramatically in recent years, especially in the way we work, live, and interact with the environment. In this environment of digital disruption, data, technology, and customer focus have changed significantly. It’s not just an option, it’s an important factor. Competing is mission critical,” Garbarino said.
This new round of funding will support HqO’s M&A strategy targeting other proptech and real estate startups.
The company has already completed a number of acquisitions, including last year’s Leaseman, which measures employee experience and integrated into HqO’s services, and Dutch startup Office Apps in 2021.
“As the real estate industry continues to fundamentally evolve, its future lies in the convergence of innovative technology, data and customer-centric experiences,” said Justin Wilson, managing director at lead investor Koch Real Estate Investments. We strongly believe that there is.”
“By developing cutting-edge technology and tools that prioritize user emotions, HqO is not only adapting to the rapidly changing real estate industry, but driving its advancement.HqO’s vision and our investment We are confident that together we can build a more transformative real estate industry.” ”
As part of the investment, Mr. Wilson will join HqO’s board of directors.
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