JLL Spark invests in Munich-based proptech innovator PROBIS to advance the real estate industry

JLL, a global commercial real estate and investment management company, announced that its corporate venture capital arm, JLL Spark Global Ventures, has led the Series A investment round in PROBIS, a Munich-based proptech innovator 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PROBIS aims to advance the real estate industry by replacing outdated financial management systems.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.

Moritz Koppe, CEO, PROBIS: "JLL's investment is a continuation of our global expansion strategy. 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.

Sean Wright, Principal, JLL Spark in EMEA: "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. We're excited about the prospects of this partnership and look forward to working with the PROBIS team in the years ahead."

Dunja Nigrin, Head of Project and Development Services DACH, JLL: "The investment in PROBIS marks a pivotal 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 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.

www.spark.jllt.com
www.en.prob.is

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