cove Closes Funding Round


cove, a Washington, DC-based technology solution that integrates the tenant experience (“TeX”) and building operating systems (“building OS”) for commercial real estate, completed a funding round of undisclosed amount.

Backers included Blackstone Innovations Investments and other investors including Kastle Systems. They join existing investor, Second Century Ventures.

Led by Adam Segal, Founder and CEO, cove provides landlords and operators with a suite of products and services, including centralized TeX solutions, integrated building OS and flexible office management, all through a single platform. Through partnerships with several access control solutions, including Kastle, cove delivers a centralized user interaction and portal for access control. Through the white-labeled platform, tenants can register guests, book amenities, lease flex office space and submit work orders, which provides property managers with the tools they need to manage buildings – including vendor relations and maintenance.

cove recently partnered with EQ Office (“EQ”), a Blackstone Real Estate portfolio company, to craft a unique experience across select EQ assets. As part of the ongoing partnership, cove has been implemented at Willis Tower, the iconic state-of-the art workplace in downtown Chicago. Standing 1,450 feet and 110 stories tall, the tenants and property team at the tower now enjoy a true one-stop-shop that bridges the gap between the physical and digital space. EQ is planning to roll out cove across more of its portfolio this summer.