cove Closes Round of Funding

cove

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 an undisclosed amount.

Blackstone Innovations Investments, Kastle System and other investors were some of the backers. They join Second Century Ventures, an existing investor.

Adam Segal is the founder and CEO of cove. He provides landlords with a variety of products and services including integrated building OS, centralized TeX solutions, and flexible office management through one platform. Cove has partnered with Kastle to provide a central user interface 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. The cove program was launched at Willis Tower, Chicago’s iconic, state-of the-art workplace. The tower is 1,450 feet high and 110 stories tall. Tenants and property managers now have a one-stop-shop which bridges the gap between digital and physical space. EQ will be adding cove to its portfolio in the summer.

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