STOCK TITAN

JLL Spark Invests in Munich-Based PropTech Innovator PROBIS

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

JLL Spark Global Ventures, the corporate venture capital arm of JLL, has led a Series A investment round in PROBIS, a Munich-based PropTech company specializing in AI-powered financial management for real estate development. PROBIS aims to revolutionize the industry by replacing outdated systems with its comprehensive platform for financial control and cost management.

This strategic investment aligns with JLL's global expansion strategy and digital transformation efforts. It will enable PROBIS to leverage JLL's resources and expertise to enhance its cloud-based AI functions, particularly in multi-project controlling and real-time data provision for real estate lenders and developers. The partnership is expected to drive efficiency and innovation in the real estate industry, offering clients improved project and development management solutions.

JLL Spark Global Ventures, la divisione di venture capital di JLL, ha guidato un round di investimento di Serie A in PROBIS, un'azienda di PropTech con sede a Monaco che si specializza nella gestione finanziaria supportata dall'IA per lo sviluppo immobiliare. PROBIS mira a rivoluzionare il settore sostituendo sistemi obsoleti con la sua piattaforma completa per il controllo finanziario e la gestione dei costi.

Questo investimento strategico è in linea con la strategia di espansione globale di JLL e gli sforzi di trasformazione digitale. Consentirà a PROBIS di sfruttare le risorse e l'esperienza di JLL per migliorare le sue funzioni AI basate su cloud, in particolare nel controllo di più progetti e nella fornitura di dati in tempo reale per i finanziatori e gli sviluppatori immobiliari. La partnership è destinata a promuovere efficienza e innovazione nel settore immobiliare, offrendo ai clienti soluzioni migliorate per la gestione dei progetti e dello sviluppo.

JLL Spark Global Ventures, el brazo de capital de riesgo corporativo de JLL, ha liderado una ronda de inversión de Serie A en PROBIS, una empresa de PropTech con sede en Múnich que se especializa en la gestión financiera impulsada por IA para el desarrollo inmobiliario. PROBIS busca revolucionar la industria reemplazando sistemas obsoletos con su plataforma integral para el control financiero y la gestión de costos.

Esta inversión estratégica está alineada con la estrategia de expansión global de JLL y los esfuerzos de transformación digital. Permitirá a PROBIS aprovechar los recursos y la experiencia de JLL para mejorar sus funciones de IA en la nube, particularmente en el control de múltiples proyectos y la provisión de datos en tiempo real para prestamistas y desarrolladores inmobiliarios. Se espera que la asociación impulse la eficiencia y la innovación en la industria inmobiliaria, ofreciendo a los clientes soluciones mejoradas para la gestión de proyectos y desarrollos.

JLL의 기업 벤처 캐피털 부서인 JLL Spark Global Ventures가 뮌헨에 본사를 둔 PropTech 기업 PROBIS의 시리즈 A 투자 라운드를 이끌었습니다. PROBIS는 부동산 개발을 위한 AI 기반 재무 관리에서 전문성을 발휘하며 구식 시스템을 포괄적인 재무 관리 및 비용 관리 플랫폼으로 대체할 계획입니다.

이 전략적 투자는 JLL의 글로벌 확장 전략 및 디지털 전환 노력과 일치합니다. 이 투자로 PROBIS는 JLL의 자원과 전문 지식을 활용하여 클라우드 기반 AI 기능, 특히 다중 프로젝트 관리 및 부동산 대출자와 개발자를 위한 실시간 데이터 제공을 향상시킬 수 있게 됩니다. 이러한 파트너십은 부동산 산업의 효율성과 혁신을 촉진하고, 고객에게 개선된 프로젝트 및 개발 관리 솔루션을 제공할 것으로 기대됩니다.

JLL Spark Global Ventures, la branche de capital-risque de JLL, a dirigé une levée de fonds de Série A pour PROBIS, une entreprise de PropTech basée à Munich spécialisée dans la gestion financière soutenue par l'IA pour le développement immobilier. PROBIS vise à révolutionner l'industrie en remplaçant les systèmes obsolètes par sa plateforme complète de contrôle financier et de gestion des coûts.

Cet investissement stratégique s'inscrit dans la stratégie d'expansion mondiale de JLL et ses efforts de transformation numérique. Il permettra à PROBIS de tirer parti des ressources et de l'expertise de JLL pour améliorer ses fonctionnalités IA basées sur le cloud, en particulier dans le contrôle de plusieurs projets et la fourniture de données en temps réel pour les prêteurs et développeurs immobiliers. Le partenariat devrait favoriser l'efficacité et l'innovation dans le secteur immobilier, offrant aux clients des solutions améliorées pour la gestion de projets et de développements.

JLL Spark Global Ventures, der Unternehmensbereich für Risikokapital von JLL, hat eine Series-A-Finanzierungsrunde für PROBIS, ein in München ansässiges PropTech-Unternehmen, das sich auf KI-gestützte Finanzmanagementlösungen für die Immobilienentwicklung spezialisiert hat, geleitet. PROBIS hat sich zum Ziel gesetzt, die Branche zu revolutionieren, indem es veraltete Systeme durch seine umfassende Plattform für Finanzkontrolle und Kostenmanagement ersetzt.

Diese strategische Investition steht im Einklang mit JLLs globaler Expansionsstrategie und den Bemühungen um digitale Transformation. Sie wird PROBIS ermöglichen, die Ressourcen und das Fachwissen von JLL zu nutzen, um die cloudbasierten KI-Funktionen, insbesondere im Multi-Projekt-Controlling und der Bereitstellung von Echtzeitdaten für Immobilienfinanzierer und Entwickler, zu verbessern. Die Partnerschaft wird voraussichtlich Effizienz und Innovation in der Immobilienbranche vorantreiben und den Kunden verbesserte Lösungen für Projekt- und Entwicklungsmanagement bieten.

Positive
  • JLL Spark's investment positions PROBIS for substantial growth in the cloud-based project controlling sector
  • Partnership enables PROBIS to leverage JLL's extensive resources and expertise in PropTech and FinTech
  • Collaboration aims to establish new standards in ESG, revenue, and construction cost control
  • Investment supports PROBIS' global expansion strategy
Negative
  • None.

JLL Spark's investment in PROBIS represents a significant move in the PropTech sector. This strategic partnership could potentially enhance JLL's service offerings and create new revenue streams. While the financial details are not disclosed, the Series A funding typically implies a substantial capital injection, which could accelerate PROBIS' growth and market penetration.

The integration of PROBIS' AI-powered financial management solutions into JLL's services may lead to improved operational efficiency and cost savings for clients. This could strengthen JLL's competitive position in the real estate services market. However, investors should monitor the return on investment and the adoption rate of PROBIS' technology among JLL's clientele to gauge the long-term impact on JLL's financial performance.

PROBIS' AI-driven financial management platform represents a significant technological advancement in real estate development. By leveraging AI and benchmark technology, PROBIS is addressing a critical pain point in the industry - outdated financial management systems. This could lead to more accurate financial forecasting, real-time data analysis and improved risk management for real estate projects.

The partnership with JLL Spark could accelerate PROBIS' technological development, particularly in multi-project controlling and real-time data provision. This collaboration may result in more sophisticated AI algorithms and expanded cloud-based functionalities, potentially setting new standards for financial management in real estate development. However, the success will depend on the seamless integration of PROBIS' technology with existing systems and its ability to deliver tangible benefits to users.

This investment signals a growing trend in PropTech adoption within the real estate industry. The move by JLL, a major player in real estate services, to invest in AI-powered financial management solutions indicates a shift towards digitalization and data-driven decision-making in the sector. This trend could potentially disrupt traditional real estate practices and create new market opportunities for tech-savvy companies.

For investors, this partnership highlights the increasing value of AI and cloud-based solutions in real estate. It may be worth monitoring other PropTech startups and potential acquisitions or partnerships in this space. The success of PROBIS and similar companies could lead to a broader industry transformation, potentially affecting property developers, real estate investment trusts (REITs) and related financial services. However, the rate of adoption and regulatory challenges in different markets will be important factors to watch.

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

 

(PRNewsfoto/JLL-IR)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jll-spark-invests-in-munich-based-proptech-innovator-probis-302220439.html

SOURCE JLL

FAQ

What is the significance of JLL Spark's investment in PROBIS?

JLL Spark's investment in PROBIS is significant as it positions the company for substantial growth in the cloud-based project controlling sector and supports PROBIS' global expansion strategy. The partnership aims to drive digital transformation and efficiency in the real estate industry.

How will the JLL-PROBIS partnership benefit real estate clients?

The JLL-PROBIS partnership will benefit real estate clients by offering enhanced AI-driven financial management solutions, improved multi-project controlling, and real-time data provision for lenders and developers. It aims to deliver more efficient, automated oversight from planning to completion, potentially resulting in enhanced value and savings for clients.

What are the main features of PROBIS' AI-powered platform for real estate development?

PROBIS' AI-powered platform offers comprehensive financial control of development projects, enhanced cost and revenue management, and advanced benchmark technology. It aims to replace outdated financial management systems in the real estate industry with cloud-based AI functions.

How does the PROBIS investment align with JLL's (JLL) strategic goals?

The investment in PROBIS aligns with JLL's (JLL) strategic goals by advancing its digital transformation efforts, particularly within its Project & Development Services. It supports JLL's commitment to establishing new standards in ESG, revenue, and construction cost control, ultimately aiming to deliver enhanced value to clients.

Jones Lang LaSalle, Inc.

NYSE:JLL

JLL Rankings

JLL Latest News

JLL Stock Data

12.47B
47.46M
0.84%
98.53%
2.05%
Real Estate Services
Real Estate Agents & Managers (for Others)
Link
United States of America
CHICAGO