JLL Foundation deploys record $5.1M to climate startups in 2025

Rhea-AI Summary

JLL Foundation (NYSE:JLL) deployed a record $5.1M to climate startups in 2025, expanding support to 15 new companies and more than $16.8M invested across 62 companies since 2022. The foundation says its circular funding model recycled $1M in returned loans to boost 2025 capacity and helped portfolio firms raise nearly $165M in follow-on funding, with 93% of 2025 technologies focused on decarbonizing the built environment and 37% on waste reduction.

The report highlights portfolio outcomes, specific technology impacts, and examples of follow-on funding and partnerships that advanced commercialization and measurable emissions reductions.

Positive

• Deployed a record $5.1M to climate startups in 2025
• Helped portfolio companies raise nearly $165M in follow-on funding
• Invested over $16.8M across 62 companies since 2022

Negative

• Foundation reused $1M in returned loans to expand 2025 capacity
• Portfolio concentration: 93% of 2025 technologies target decarbonizing built environment

Key Figures

2025 climate deployment: $5.1M New 2025 startups: 15 startups Follow-on funding: $165M +5 more

8 metrics

2025 climate deployment $5.1M Largest JLL Foundation loan pool in 2025

New 2025 startups 15 startups Added to JLL Foundation portfolio in 2025

Follow-on funding $165M Raised by supported startups since 2022

Returned loans $1M Repaid 2022 loans redistributed for 2025 investments

Total invested $16.8M JLL Foundation investments since inception in 2022

Portfolio companies 62 companies Total companies backed across five continents

HVAC CO2 reduction 1,500 tons Annual CO2 avoided per building by BullAnt system

XPRIZE award $50M Carbon Removal competition won by Mati (2023 cohort)

Market Reality Check

Price: $310.97 Vol: Volume 385,508 vs 20-day ...

low vol

$310.97 Last Close

Volume Volume 385,508 vs 20-day average 796,765 (relative volume 0.48x). low

Technical Price 309.79 is trading above 200-day MA at 296.49, indicating a pre-news uptrend.

Peers on Argus

JLL slipped -1.23% while key peers BEKE, CBRE, CSGP, CIGI and FSV all showed pos...

JLL slipped -1.23% while key peers BEKE, CBRE, CSGP, CIGI and FSV all showed positive moves, suggesting stock-specific dynamics rather than a sector-wide move.

Historical Context

5 past events · Latest: Feb 24 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 24	Asset acquisition	Positive	+2.2%	Acquisition of Plainview, NY self-storage facility expanding Long Island footprint.
Feb 18	Earnings results	Positive	+9.6%	Strong Q4 and FY 2025 results with higher EPS and revenue growth.
Feb 17	Asset acquisition	Positive	-0.8%	Nyack, NY self‑storage acquisition expanding Rockland County presence.
Feb 12	Debt refinancing	Positive	-7.6%	Arranged <b>$596M</b> CMBS refinancing for The Crescent in Dallas.
Feb 05	Leadership change	Positive	+0.3%	Appointment of new Head of Communications to lead global strategy.

Pattern Detected

Recent news has generally been positive, but price reactions have been mixed, including notable weakness on a large refinancing announcement.

Recent Company History

Over the last month, JLL news has focused on transactions, financial results, and leadership. A $596M Dallas refinancing and multiple storage acquisitions highlighted capital markets and growth activity. Strong Q4 and full‑year 2025 results, with Q4 EPS of $8.34 and revenue of $7.61B, drew a strongly positive reaction. Today’s foundation-related climate impact update fits the broader sustainability and real-estate ecosystem narrative rather than core earnings or transaction activity.

Market Pulse Summary

This announcement highlights the JLL Foundation’s growing role in climate innovation, with a record ...

Analysis

This announcement highlights the JLL Foundation’s growing role in climate innovation, with a record $5.1M deployed in 2025 and over $16.8M invested across 62 companies since 2022. The reported $165M in follow-on funding underscores traction for portfolio startups. In context of JLL’s broader sustainability focus in filings, investors may watch how such zero‑interest, climate-related initiatives interact with core real estate services, capital allocation priorities, and future disclosure around ESG outcomes.

Key Terms

greenhouse gas emissions, series b funding round, hvac

3 terms

greenhouse gas emissions technical

"In 2025, all Foundation-backed investments contributed to reducing greenhouse gas emissions..."

Greenhouse gas emissions are the gases a company releases into the air—like carbon dioxide or methane—that trap heat in the atmosphere and contribute to global warming. For investors, these emissions matter because they can lead to higher regulatory costs, fines, shifting consumer preferences, and physical risks (like supply-chain disruptions), or create opportunities in low-carbon products; think of emissions as a company’s climate footprint that can affect future profits and value.

series b funding round financial

"Novoloop (2024 cohort): Closed a $21 million Series B funding round."

A Series B funding round is a later-stage private investment in a growing company where new and existing investors put in substantial capital to expand the business, hire key people, and scale sales or production. It matters to investors because it signals the company has moved beyond early proof-of-concept and is pursuing faster growth; like moving from a garden seedling to a young tree, it offers the potential for larger returns but involves bigger sums, different investors, and evolving risks and expectations.

hvac technical

"Conry Tech's BullAnt system slashes building HVAC energy use by 60-70%..."

HVAC stands for heating, ventilation and air conditioning — the systems that control temperature, airflow and indoor air quality in buildings. Investors care because HVAC drives operating costs, energy use, tenant comfort and regulatory compliance; like the engine and insulation of a building, efficient modern systems can lower bills, reduce repair and replacement spending, and preserve property value, while outdated units can create unexpected expenses and vacancy risk.

AI-generated analysis. Not financial advice.

Annual report highlights four-year impact across 62 companies and five continents

CHICAGO, March 4, 2026 /PRNewswire/ -- The JLL Foundation deployed its largest loan pool to date in 2025, investing just over $5 million in innovative climate startups to accelerate solutions for a sustainable future.

The 2025 JLL Foundation Annual Report, released today, details this achievement and shares more on the 15 innovative startups that joined the portfolio last year. The report also details the cumulative impact the Foundation has had since it began operations in 2022, helping startups raise nearly $165 million in follow-on funding to scale carbon emission reduction solutions.

This year marked an important validation of the Foundation's circular funding model, which relies on repaid funds to expand annual support. The Foundation received and redistributed $1 million in returned loans from 2022, enhancing its investment capacity for 2025. Foundation-backed companies this year operated across the United States, Canada, Australia and China. Since inception, the JLL Foundation has invested more than $16.8 million in 62 companies across five continents.

"Our zero-interest loans support a range of technologies and infrastructure-ready solutions to address climate change by decarbonizing the built environment, powering renewable energy transition and advancing the circular economy," said JLL Foundation Executive Director Erin Meezan. "Access to our patient, purpose-driven capital paired with our 'beyond the loan' approach - providing business and marketing mentorship - further supports founder independence and scalable, sustainable company investment."

In 2025, all Foundation-backed investments contributed to reducing greenhouse gas emissions, 93% of supported technologies focused on decarbonizing the built environment and 37% on waste reduction. The following represent a sample of the climate-impacting startups in the 2025 cohort:

• Calcarea converts CO2 from cement kilns into stable oceanic bicarbonate using seawater and limestone, enabling permanent carbon storage without pressurized pipelines or geological injection.
• Conry Tech's BullAnt system slashes building HVAC energy use by 60-70%, avoiding 1,500 tons of CO2 emissions per building annually.
• Calectra electrifies industrial heating up to 1800°C for steel, cement and glass production, reducing manufacturing emissions by 35-76% and tackling 20% of global CO2 emissions.

"It's encouraging to see early support translate into real progress over time," said Meezan. "For example, the Foundation's funding supported biocarbon and carbon removal company Carba in opening its first facility. Since the initial funding, Carba closed a $6M fundraising round, reinforcing the value of providing early-stage support at a critical point in a company's development."

As companies move beyond early development, their progress is increasingly visible both in terms of further investments and measurable climate outcomes. In addition to Carba, early support led to further investments and funding for companies across the portfolio as they move through various stages of growth, including:

• Carbonwave (2022 cohort): Secured a $3 million partnership with The World Bank Group. Carbonwave is transforming Caribbean coastal seaweed from an environmental problem into climate solutions that cut methane emissions and replace fossil fuels.
• Mati (2023 cohort): Won the $50 million XPRIZE Carbon Removal competition and now partners with over 16,000 smallholder farmers across India and Africa, creating economic opportunities while capturing carbon at scale.
• Novoloop (2024 cohort): Closed a $21 million Series B funding round. The women-founded company transforms plastic waste into virgin-quality materials, creating a true circular solution for plastic.

To learn more about the JLL Foundation's impact, visit foundation.jll.com.

About JLL Foundation
JLL Foundation is dedicated to impacting climate change now and in the future. A non-profit founded and backed by JLL, one of the largest global real estate companies with a demonstrated commitment to sustainability, JLL Foundation's goal is to be a catalyst for climate-impacting startups. For further information, visit foundation.jll.com.

About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com. 

Contact: Allison Olp
Phone: +1 815 823 2090
Email:  Allison.Olp@jll.com 

 

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SOURCE JLL-IR

FAQ

How much did JLL Foundation (JLL) deploy to climate startups in 2025?

The JLL Foundation deployed a record $5.1 million to climate startups in 2025. According to JLL Foundation, this included support for 15 new portfolio companies and expanded lending capacity via returned loans.

What cumulative investment has JLL Foundation (JLL) made since 2022?

Since inception, the JLL Foundation has invested more than $16.8 million across 62 companies. According to JLL Foundation, those investments span five continents and multiple climate technologies.

How much follow-on funding did JLL Foundation-backed startups raise after investment?

JLL Foundation-backed startups raised nearly $165 million in follow-on funding after support. According to JLL Foundation, that follow-on capital helped portfolio firms scale commercialization and climate impact.

What is the JLL Foundation's funding model and how did returned loans affect 2025?

The foundation uses a circular funding model that recycles repaid loans to fund new investments. According to JLL Foundation, $1 million in returned loans in 2025 increased its investment capacity.

Which technology areas did JLL Foundation (JLL) prioritize in 2025?

In 2025, 93% of supported technologies targeted decarbonizing the built environment and 37% focused on waste reduction. According to JLL Foundation, supported projects delivered measurable greenhouse gas reductions.

What notable portfolio outcomes did JLL Foundation-backed companies achieve by 2025?

Portfolio companies secured major partnerships and rounds: a $6M raise for Carba and a $21M Series B for Novoloop. According to JLL Foundation, these outcomes reflect successful early-stage support translating into growth.