JLL Spark, a division of JLL, announced today the creation of JLL Spark Global Venture Fund, which plans to invest up to $100 million 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 $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. 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,” said Christian Ulbrich, JLL’s Global CEO.
To learn more, please visit https://spark.jll.com.
Subscribe via Email
Thailand says the first wave of COVID-19 has ended
Thailand says the first wave of COVID-19 has come to an end after the country has not seen a case...
Thailand may extend international flight ban again
The Civil Aviation Authority of Thailand may extend the international flight ban in August, due to concerns over the global...
Thailand’s financial system more vulnerable, says BoT
The Thai financial system has become more vulnerable due to the more-than-expected contraction of the economic outlook in light of...
Car Makers Ramp Up EV Production Capacity in Thailand, says BOI
Amid the rising adoption of cleaner cars around the globe, the Thailand Board of Investment (BOI) has already approved 24...
Thailand sets up COVID-19 testing at Bangkok’s airport
Once foreigners are approved to come into Thailand for business on a short-term stay for less than seven days, they...
Thailand’s streak without local infections continues
The novel coronavirus has killed 58 people in Thailand since it was first detected in January, while 3,038 patients have...