JLL Spark invests in Munich-based Proptech Probis

_{Source: JLL Sparks}

MUNICH, August 13, 2024 – JLL Spark Global Ventures, the corporate venture capital arm of global consulting firm JLL, organized the Series A funding round for German software developer Probis and invested the largest share in this round. Probis develops programs that leverage Artificial Intelligence (AI) and benchmark technology to optimize financial management in real estate developments.

Probis aims to develop modern financial management systems for the real estate industry. The Probis platform offers comprehensive financial control for project developments and enhances cost and revenue management through AI-based technology. JLL Spark's involvement enables Probis to consistently pursue its growth trajectory in cloud-based project controlling.

“JLL’s investment is a continuation of our global expansion strategy,” says Moritz Koppe, CEO Probis. “JLL’s commitment enables us to grow and offer our clients additional cloud-based AI functionalities that enhance our capabilities in multi-project controlling and in providing real-time data for real estate lenders and developers.”

JLL Spark focuses its investments on Proptechs that provide innovative solutions for the real estate industry. The strategic investment in Probis aims to accelerate digital transformation and enhance efficiency within the sector. This partnership empowers Probis to leverage JLL's extensive resources and JLL Spark's expertise in Proptech and Fintech, thereby further advancing its software solutions.

Sean Wright, Principal JLL Spark EMEA, comments: “Following a comprehensive evaluation, we have determined that Probis's premier financial management technology is an excellent fit for JLL and its clients, representing a highly compelling investment opportunity for JLL Spark. We are excited about the future potential of this partnership and look forward to collaborating with the Probis team in the coming years.”

Dunja Nigrin, Head of Project & Development Services DACH at JLL, states: “The investment in Probis marks a 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, offering our clients efficient, automated monitoring from planning to completion. This collaboration underscores our commitment to establishing new standards in ESG, revenue, and construction cost control, thereby achieving greater value and savings for our clients.”

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

About Probis

Based in Munich, Probis offers a scalable, cloud-based platform for efficient and transparent financial process management, targeting real estate owners, banks, project developers, and investors. Since its founding in 2022, Probis has rapidly established itself as a leading software for multi-project controlling in the real estate and finance sectors, renowned for ensuring cost certainty and control even in early project phases. With up to 1,000 completed projects annually and a management team boasting 20 years of experience in digital cost control for large-scale projects such as airports, hotels, football stadiums, and office buildings, Probis is a trusted partner. The platform's comprehensive services and user-friendly processes facilitate the seamless planning, management, and optimization of projects and portfolios. For more information, please visit https://www.prob.is.

About JLL Spark

JLL Spark Global Ventures is the corporate venture arm of JLL and part of its Technologies Division. Established in 2017, JLL Spark empowers JLL to deliver innovative products and data-driven solutions for real estate owners, occupiers, and tenants. The JLL Spark fund is led by experienced Silicon Valley VC professionals and entrepreneurs with successful track records in building and investing in technology companies. Since June 2018, JLL Spark has invested over US$390 million in more than 50 early-stage Proptechs, with underlying investment themes such as data and sustainability across construction technology, financial technology, smart buildings, future of work, and industrial technology. For more information, please visit https://spark.jllt.com.

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About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has supported its clients in the acquisition, construction, utilization, management, and investment across a diverse range of commercial, industrial, hotel, residential, and retail properties. As a Fortune 500® company with annual revenue of US$20.8 billion and operations in over 80 countries worldwide, our approximately 110,000 employees offer the capabilities 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, employees, and communities – true to our motto „SEE A BRIGHTER WAY“. JLL is the brand name and a registered trademark of Jones Lang LaSalle Incorporated. For more information, visit jll.com.

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_{Source: JLL Sparks}

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