HqO vs AppFolio
Side-by-side comparison of AI visibility scores, market position, and capabilities
$35M annual revenue Sep 2025; 400M+ sq ft managed; 700+ properties worldwide; $200M total funding ($50M Series D Oct 2023); 111 employees; 1.7M employees data via Leesman; tenant experience leader
About
HqO was founded in 2018 in Boston, Massachusetts, by Chase Garbarino and Greg Schu with the mission of transforming commercial real estate into a connected, experience-driven asset class. The company built a tenant experience platform that enables landlords and property managers to engage occupants through a branded mobile app, integrating building amenities, event programming, food and retail services, access control, and workplace analytics into a single digital layer across office, mixed-use, and retail properties.\n\nHqO's platform provides white-labeled mobile apps for property owners, combined with an underlying data and analytics layer that gives asset managers visibility into tenant engagement, space utilization, and amenity performance. Key features include mobile building access, event and programming management, food ordering, visitor management, and integrations with major building management systems and access control providers. The platform is used by leading REITs, institutional investors, and property managers to differentiate their portfolios in a competitive leasing environment where tenant experience has become a primary decision factor.\n\nHqO manages 400M+ square feet of commercial space across 700+ properties worldwide and has raised $200M in total funding, including a $50M Series D in October 2023. The company reported $35M in annual revenue as of September 2025. HqO's growth reflects the broader structural shift in commercial real estate toward experience-led leasing strategies, as landlords compete to retain and attract tenants in a hybrid work environment that has permanently raised occupant expectations for workplace amenity and digital connectivity.
NASDAQ-listed (APPF) cloud property management platform with $747M FY2024 revenue; serving 20,000+ customers competing with Yardi and RealPage for mid-size residential and commercial property managers.
About
AppFolio is a Santa Barbara-based cloud-based property management software platform serving residential, commercial, student housing, and community association property managers — providing accounting, tenant screening, maintenance management, online rent collection, lease management, owner portals, and AI-powered operational automation that enables property management companies to manage more units with less administrative overhead. Listed on NASDAQ (NASDAQ: APPF), AppFolio generated $747 million in revenue in fiscal year 2024, serving 20,000+ property management customers managing millions of units across the US.
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