Quext, a Texas-based technology company in multifamily real estate, has secured $63 million with support from a network of private investors. This fundraising round is based on a post-money valuation of $350 million and included notable technologists and innovators. The funds raised will allow Quext to further develop its smart apartment technology platform, grow IoT inventory to meet customer demands, further safeguard its intellectual property, and expand its best-in-class sales and customer success teams, among other initiatives.
Dave Gilles, CEO, Quext, said, “We are humbled to have the support of nearly 300 investors, as we continue to break away from the status quo of real estate technology by providing game-changing, yet affordable, technologies that will meet the growing multifamily demand and rising market expectations.”