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replacing outdated financial management systems.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 WAYSM.
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