JLL Spark is the corporate venture arm of professional services firm JLL, focused on backing early-stage startups addressing challenges in commercial real estate.
Portfolio
4
companies
Infogrid
Infogrid offers building intelligence and analytics software for real estate assets.
PRODA
PRODA automates rent roll data processing and analysis for commercial real estate firms.
Hubble
Hubble provides a hybrid workplace platform connecting businesses with flexible office space and remote working solutions.
Orbital Witness
Orbital Witness uses artificial intelligence to automate property due diligence for legal professionals.
Tanguy Quero
Investment Principal
Sean Wright
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."
The seed round was led by LocalGlobe and Outward VC to fund product development and team expansion.
"Our goal is to simplify the complexities of the current process and bring greater transparency to the world’s largest asset class"
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