JLL Spark is the corporate venture arm of professional services firm JLL, focused on backing early-stage startups addressing challenges in commercial real estate.
Tanguy is an investment principal at JLL Spark. He previously held several senior digital and marketing roles across JLL, Lefèvre Pelletier et associés, and Arthur Andersen.
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Sean Wright
Sean brings investment and portfolio management experience across private equity, venture capital, and hedge funds. He currently serves as Investment Principal for EMEA at JLL Spark, following leadership roles at Stanley Ventures, CHECK24 Ventures, and Carden Capital.
The Series B round was led by Brighton Park Capital and brings the company total funding to $75m.
"We actually started in 2018, working with satellite imagery and real estate data before the LLM boom. But as we developed our AI capabilities, we started looking at where they could have the most impact. That led us to real estate legal work. Real estate is the world’s largest asset class, but the legal work underpinning it was stuck in the past. Lawyers spend days combing through hundreds of pages, trawling for specific risks. It’s unprofitable for firms, expensive for clients, and frankly inefficient for everyone involved."
The financing package includes equity and debt from backers including Original Capital and SoftBank Vision Fund 2.
"Sustainability and reducing costs are paramount concerns for our clients today. In the aftermath of Covid there has been a pincer movement of inflation and climate pressures on businesses, leading to widespread concern over the cost and carbon emissions of owning and operating commercial buildings,"
The Series A round was led by existing backer ING Ventures with participation from JLL Spark, Blackstone, and Concrete Ventures.
"We are thrilled that companies like ING Ventures, JLL Spark, Blackstone and Concrete VCtook part in our latest funding round. Alongside existing investors like SURPLUS EquityPartners and M7 Real Estate, we have fantastic support as we continue to fulfil our missionof transforming data from a headache into an asset."
Hubble secures £2m in Series A follow on funding led by Pi Labs to launch new hybrid working products.
"The last 14 months have completely transformed the relationship between work and the workplace. Office space is a $22 trillion asset class, which will see it's biggest change in a generation in the next five years. Hybrid working will become the new normal, as employers and employees seek to find the right balance between office and remote working."
Northzone led the Series A round to support the company as it accelerates international expansion.
"Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class. Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings."
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