Total amount raised
$156.9 Million
Latest funding date
10/01/2023
Location
HqO has successfully raised a significant amount of funding over seven rounds, with the latest being a Series D round. The company is backed by 26 investors, including notable names like Related and Koch, Inc.
HqO's platform is designed to enhance the tenant and real estate experience, offering a unified solution for commercial real estate portfolios. Keep reading to explore the intricacies of HqO's fundraising journey and the investors backing this innovative platform.
What Is HqO?
HqO, based in Boston, Massachusetts, is a private company specializing in workplace experience technology. The company operates in the industries of Commercial Real Estate, Enterprise Software, Mobile Apps, and Real Estate. With a workforce of 101-250 employees, HqO aims to transform how people connect with their workplaces.
HqO's platform offers a unified solution for commercial real estate portfolios, addressing the Experience Gap created by rising tenant expectations. The company provides various suites designed to optimize different aspects of CRE management, including Intelligence, Operations, Leasing, Experience, Tenant, and Vendor.
How Much Funding Has HqO Raised?
- Seed Round
- Amount Raised: USD 6,600,000
- Date: September 2018
- Lead Investors: Accomplice
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their workplace experience technology and establish a market presence.
- Series A
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series Unknown
- Amount Raised: USD 6,000,000
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their technology and expand their market reach.
- Series B
- Amount Raised: USD 34,250,000
- Date: December 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and support product development.
- Series C
- Amount Raised: USD 60,000,000
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their platform and expand into new markets.
- Series Unknown
- Date: July 2022
- Lead Investors: JLL Spark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their technology and expand their customer base.
- Series D
- Amount Raised: USD 50,000,000
- Date: October 2023
- Lead Investors: Koch, Inc.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To disrupt the real estate industry with innovative technology and support their M&A strategy.
Total Amount Raised: USD 156,850,000. Current Valuation: Not publicly disclosed.
Key Investors
- Koch, Inc.
- Details: Koch Real Estate Investments is a subsidiary of Koch Industries. Justin Wilson, Managing Director at Koch Real Estate Investments, is joining HqO’s Board of Directors.
- Investment Focus Areas: Innovative technology, data, customer-centric experiences in the real estate industry.
- Notable Investments: HqO.
- Accomplice
- Details: Accomplice is a venture capital firm that participated in the Series D funding round for HqO. They are an existing investor in HqO.
- Investment Focus Areas: Venture capital investments, technology, real estate.
- Notable Investments: HqO.
- Insight Partners
- Details: Insight Partners is a leading venture capital and private equity firm. They participated in the Series D funding round for HqO and are an existing investor.
- Investment Focus Areas: Venture capital, private equity investments, technology, real estate.
- Notable Investments: HqO.
- Related
- Details: Related is a prominent real estate firm that has invested in HqO. They focus on developing and managing innovative real estate projects.
- Investment Focus Areas: Real estate development, property management, commercial real estate.
- Notable Investments: HqO.
- JLL Spark
- Details: JLL Spark is a venture capital arm of JLL, a global real estate services firm. They focus on investing in technology startups that can transform the real estate industry.
- Investment Focus Areas: Real estate technology, property management, commercial real estate.
- Notable Investments: Not publicly disclosed.
What's Next for HqO?
HqO stands at the cusp of significant growth, driven by the expansion of its Real Estate Experience (REX) Platform. With the platform already connecting over 350,000 users across 700 properties in 32 countries, the opportunity to scale further is immense. The company aims to leverage its robust data and technology to enhance customer experiences, making real estate more than just a commodity.
Future fundraising opportunities appear promising, given HqO's strong financial backing and focus on mergers and acquisitions. The recent Series D funding round, which brought their total funding to over $200 million, positions them well for future rounds to support their ambitious growth plans. However, challenges such as adapting to rapidly changing market conditions and integrating new technologies effectively will need to be navigated carefully.
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