JLL Spark $100M Global Venture Fund Targets Real Estate Sector
June 6, 2018
JLL Spark Global Venture Fund 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
"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.
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.