Proptech Firm cove Completes Funding Round, Partners with EQ Office
Washington, DC-based cove, a technology solution integrating the tenant experience (TeX) and building operating systems for commercial real estate, has completed a funding round from Blackstone Innovations Investments and other investors including Kastle Systems. They join existing investor Second Century Ventures.
cove provides landlords and operators with a suite of products and services, including centralized TeX solutions, integrated building OS and flexible office management, via a single platform. The company recently partnered with EQ Office, a Blackstone Real Estate portfolio company.
As part of the ongoing partnership, cove has been implemented at EQ’s Willis Tower in downtown Chicago. EQ plans to roll out cove across more of its portfolio this summer.
“The way people engage with the built environment is changing and we have developed our software to create a seamless experience for the user — whether tenant or operator,” said Adam Segal, founder and CEO of cove. “Partnering with Blackstone as the preeminent real estate investor will help us grow our platform, reach greater scale and continue to innovate the digital layer of what’s next in the industry.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).