edition:
polskienglish
log in | register
previous
Immochan rebrands
next
Klingerka clean-up begins

reklama

JLL sets up Spark

05 June 2018

WORLD JLL has announced the creation of the JLL Spark global venture fund, which plans to invest up to USD100 mln in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it.

The fund will also help entrepreneurs and their companies by connecting them with JLL’s business lines and clients for insightful feedback and distribution of their products.

“Having been entrepreneurs ourselves, we know how hard it is to bring a new product to market, especially in an industry that has been slow to adopt new technology. That’s why our goal is to partner with entrepreneurs, and help them tap into the resources of JLL’s business lines so they can succeed in rapidly growing their companies while we also create value for JLL’s clients,” said Mihir Shah, Co-CEO at JLL Spark.

The new fund will focus on seed and series A investments, as well as select later stage rounds. Typical investment size will range from a few hundred thousand to several million dollars. JLL Spark will direct its efforts to technology startups with products that can help JLL investor and occupier clients, or that can be used by JLL businesses to better deliver their services. The fund is also interested in companies that are inventing new technology-enabled business models in traditional JLL service areas or those that will help expand its services to new client segments.

“Creating this USD100 mln venture fund through JLL Spark allows us to continue to lead the real estate industry in bringing the best proptech ideas to reality. It complements and expands our substantial ongoing investments in innovative, cutting-edge digital solutions, which is a core part of our Beyond strategic vision and commitment to achieve ambitions for our clients,” says Christian Ulbrich, JLL’s Global CEO.


Newsletter
Want to know more? Sign up for the Newsletter


reklama

More news

reklama

conferences

Suits on bikes - Wola
The 3rd Architecture and Construction Festival
The 3rd Real Estate Table Tennis Tournament
The 9th Conference Office Market for Poland
The 24th Annual Property Market Convention
Eurobuild Awards 2018
reklama

reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.