Blackstone Innovation, Others Invest $10M in Proptech Firm cove

The proptech firm cove today announced that it had received a $10 million investment. Leading the round was Blackstone Innovations Investments and other investors like Kastle Systems. One previous investor is Second Century Ventures.

“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,” CEO Adam Segal, referring to office spaces and corporate tenants, said in prepared remarks. “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. Having a partner of this stature believe in our mission challenges us to continue innovating.”