JLL Spark invests in Munich-based proptech Probis

_{Source: JLL Sparks}

MUNICH, August 13, 2024 - JLL Spark Global Venturesthe corporate venture capital arm of global advisory firm JLL, has closed the Series A financing round of German software developer Probis and invested the largest share in this round. Probis develops programs that use artificial intelligence (AI) and benchmark technology to optimize the financial management of real estate developments.

The goal of Probis is to develop modern financial management systems for the real estate industry. The Probis platform provides comprehensive financial control for project developments and improves cost and revenue management through AI-based technology. JLL Spark's investment will help Probis to continue its growth trajectory in the field of cloud-based project controlling.

"JLL's investment is a continuation of our global expansion strategy," says Moritz Koppe, CEO Probis. "JLL's commitment will allow us to grow and offer our clients additional cloud-based AI capabilities that expand our capabilities in multi-project controlling and providing real-time data to real estate lenders and developers."

JLL Spark focuses on investing in proptechs that offer innovative solutions for the real estate industry. The strategic investment in Probis aims to drive digital transformation and efficiency in the industry. The partnership enables Probis to leverage JLL's extensive resources and JLL Spark's expertise in proptech and fintech to further advance its software solutions.

Sean Wright, Principal JLL Spark in EMEA, comments: "Following a comprehensive evaluation, we have determined that Probis' world-class financial management technology is a great fit for JLL and its clients and represents a very compelling investment opportunity for JLL Spark. We are excited about the future potential of this partnership and look forward to working with the Probis team in the years to come."

Dunja Nigrin, Head of Project & Development Services DACH at JLL, says: "The investment in Probis marks the decisive step in JLL's digital transformation within our Project & Development Services. By combining Probis' AI-driven solutions with our industry expertise, we are poised to redefine project management and consulting, providing our clients with efficient, automated monitoring from planning to completion. This collaboration underscores our commitment to establishing new standards in ESG, revenue and construction cost control to deliver greater value and savings for our clients."

The Series A financing round underscores Probis' commitment to leveraging technology for improved AI-based financial management and calculations. This partnership promises significant progress in the digitalization of the real estate industry.

About Probis

Based in Munich, Probis offers the scalable cloud-based platform for efficient and transparent financial process management aimed at real estate owners, banks, project developers and investors. Since its foundation in 2022, Probis has quickly established itself as the leading software for multi-project controlling in the real estate and finance sectors, known for cost certainty and control even in the early project phases. With up to 1,000 projects completed annually and a management team with 20 years of experience in digital cost control for major projects such as airports, hotels, soccer stadiums and office buildings, Probis is a trusted partner. The platform's comprehensive services and user-friendly processes facilitate the seamless planning, control and optimization of projects and portfolios. Further information can be found at https://www.prob.is.

About JLL Spark

JLL Spark Global Ventures is the corporate venture arm of JLL and part of the Technologies Division. Founded in 2017, JLL Spark provides JLL with the opportunity to deliver innovative products and data-driven solutions to real estate owners, occupiers and tenants. The JLL Spark fund is led by seasoned Silicon Valley VC professionals and entrepreneurs with a successful track record of building and investing in technology companies. Since June 2018, JLL Spark has invested over $390 million in more than 50 early-stage proptechs, with underlying investment themes including data and sustainability in construction technology, financial technology, smart buildings, future of work and industrial technology. Further information can be found at https://spark.jllt.com.

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About JLL

For more than 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management firm, has helped clients buy, build, occupy, manage and invest in a wide range of commercial, industrial, hospitality, residential and retail properties. As a Fortune 500® company with annual revenues of $20.8 billion and operations in more than 80 countries worldwide, our approximately 110,000 employees offer the power of a global platform combined with local expertise. Driven by our mission to shape the future of real estate for a better world, we help our clients, employees and society - true to our motto "SEE A BRIGHTER WAY". JLL is the brand name and a registered trademark of Jones Lang LaSalle Incorporated. Further information can be found at jll.com.

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_{Source: JLL Sparks}

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