JLL Spark Invests in Munich-Based PropTech Innovator PROBIS

Rhea-AI Summary

JLL Spark Global Ventures, the corporate venture capital arm of JLL, has led a Series A investment round in PROBIS, a Munich-based PropTech company specializing in AI-powered financial management for real estate development. PROBIS aims to revolutionize the industry by replacing outdated systems with its comprehensive platform for financial control and cost management.

This strategic investment aligns with JLL's global expansion strategy and digital transformation efforts. It will enable PROBIS to leverage JLL's resources and expertise to enhance its cloud-based AI functions, particularly in multi-project controlling and real-time data provision for real estate lenders and developers. The partnership is expected to drive efficiency and innovation in the real estate industry, offering clients improved project and development management solutions.

Positive

• JLL Spark's investment positions PROBIS for substantial growth in the cloud-based project controlling sector
• Partnership enables PROBIS to leverage JLL's extensive resources and expertise in PropTech and FinTech
• Collaboration aims to establish new standards in ESG, revenue, and construction cost control
• Investment supports PROBIS' global expansion strategy

Negative

• None.

News Market Reaction

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On the day this news was published, JLL gained 4.09%, reflecting a moderate positive market reaction.

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Strategic Investment to Accelerate PROBIS' AI-Powered Financial Management Solutions for Real Estate Development and Support Global Expansion

CHICAGO, Aug. 13, 2024 /PRNewswire/ -- JLL today announced that its corporate venture capital arm, JLL Spark Global Ventures, has led the Series A investment round in PROBIS, a company specializing in financial management for real estate development through AI and benchmark technology.

PROBIS aims to advance the real estate industry by replacing outdated financial management systems. The PROBIS platform offers comprehensive financial control of development projects and enhances cost and revenue management through advanced AI-based technology. JLL Spark's investment helps position PROBIS for substantial growth in the cloud-based project controlling sector.

"JLL's investment is a continuation of our global expansion strategy," said Moritz Koppe, CEO of PROBIS. "Their involvement enables us to grow and offer our customers additional cloud-based AI functions that expand our capabilities in multi-project controlling and the provision of real-time data for real estate lenders and developers."

JLL Spark focuses on investing in PropTech companies that deliver innovative solutions to the real estate industry. The strategic investment in PROBIS aims to drive digital transformation and efficiency within the industry. The partnership will enable PROBIS to leverage JLL's extensive resources and JLL Spark's expertise in PropTech and FinTech, further advancing its software solutions.

"After extensive evaluation, we determined that PROBIS' financial management technology represented a great fit for JLL and its clients, as well as a highly compelling investment opportunity for JLL Spark," said Sean Wright, Principal at JLL Spark in EMEA. "We're excited about the prospects of this partnership and look forward to working with the PROBIS team in the years ahead."

"The investment in PROBIS marks a pivotal step in JLL's digital transformation within our Project & Development Services," said Dunja Nigrin, Head of Project & Development Services DACH at JLL. "By combining PROBIS' AI-driven solutions with our industry expertise, we are poised to redefine project and development management, offering clients efficient, automated oversight from planning to completion. This collaboration underscores our commitment to establishing new standards in ESG, revenue, and construction cost control, ultimately delivering enhanced value and savings for our clients."

The Series A funding round underscores PROBIS' commitment to leveraging technology for enhanced AI-based financial control and calculations. This partnership promises substantial progress in the digitalization of the real estate industry.

About PROBIS

PROBIS, headquartered in Munich, provides a scalable cloud-based platform for efficient and transparent financial process management, targeting real estate owners, banks, project developers, and investors. Founded in 2022, PROBIS has rapidly become a leading multi-project controlling software in the real estate and finance sectors, known for ensuring cost security and control from early project stages. With up to 1,000 completed projects annually and a management team with 20 years of experience in digital cost control for major developments like airports, hotels, soccer stadiums, and office buildings, PROBIS is a trusted partner. The platform's comprehensive services and user-friendly processes facilitate seamless planning, control, and optimization of projects and portfolios. For more information, visit https://en.prob.is/. 

About JLL Spark 

JLL Spark Global Ventures is the corporate venture arm of JLL and a part of the JLL Technologies division. Founded in 2017, JLL Spark offers JLL the ability to provide innovative products and data-driven solutions to real estate owners, occupiers, and users. The JLL Spark fund is run by experienced Silicon Valley VCs and entrepreneurs with successful track records building and investing in tech companies. JLL Spark has invested over $390 million since June 2018 in more than 50 early-stage PropTech startups with underlying investment themes of data and sustainability, across construction tech, financial tech, smart buildings, future of work, and industrial tech. For more information, please visit https://spark.jllt.com. 

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. 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^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Contact: Lesley Mirkowski
Phone: +1 312 228 2112
Email: Lesley.Mirkowski@jll.com

 

 

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SOURCE JLL

FAQ

What is the significance of JLL Spark's investment in PROBIS?

JLL Spark's investment in PROBIS is significant as it positions the company for substantial growth in the cloud-based project controlling sector and supports PROBIS' global expansion strategy. The partnership aims to drive digital transformation and efficiency in the real estate industry.

How will the JLL-PROBIS partnership benefit real estate clients?

The JLL-PROBIS partnership will benefit real estate clients by offering enhanced AI-driven financial management solutions, improved multi-project controlling, and real-time data provision for lenders and developers. It aims to deliver more efficient, automated oversight from planning to completion, potentially resulting in enhanced value and savings for clients.

What are the main features of PROBIS' AI-powered platform for real estate development?

PROBIS' AI-powered platform offers comprehensive financial control of development projects, enhanced cost and revenue management, and advanced benchmark technology. It aims to replace outdated financial management systems in the real estate industry with cloud-based AI functions.

How does the PROBIS investment align with JLL's (JLL) strategic goals?

The investment in PROBIS aligns with JLL's (JLL) strategic goals by advancing its digital transformation efforts, particularly within its Project & Development Services. It supports JLL's commitment to establishing new standards in ESG, revenue, and construction cost control, ultimately aiming to deliver enhanced value to clients.