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JLL Launches $100-Million ‘Proptech’ Venture Fund
The emergence of technology throughout the commercial real estate sector continues at a rapid clip. An example of the proptech industry’s pervasive progress is JLL Spark’s launch of a $100-million fund that will invest in companies focused on leveraging technology.
JLL’s Christian Ulbrich says, “Creating this $100 million venture fund through JLL Spark allows us to continue to lead the real estate industry in bringing the best proptech ideas to reality.”
The division of JLL will seek out firms working to improve everything from real estate development and management, to leasing and investing, while enhancing the experience of occupiers.
JLL Spark’s Mihir Shah (pictured above right with co-founder Yishai Lerner) says, “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.”
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