JLL to grant $133.3m to global proptech startups

Startups that venture on management and leasing may apply.

JLL division JLL Spark launched a $133.3m (US$100m) project to fund companies in leveraging their technology. The JLL Spark Global Venture fund will help real estate development, management, leasing, and investing in companies, the firm said in an announcement.

The fund will delve more on seed and Series A investments, as well as select late-stage rounds. Investment sizes may range from a few hundred thousand dollars to several million dollars.

According to the announcement, the grant will also touch on companies that are inventing new technology-enabled business models in traditional JLL service areas or those that will help expand its services to new client segments.

Citing a company report, JLL said that 179 proptech startups Asia Pacific raised around US$4.8b ($6.5b), outpacing counterparts in Europe and the United States by garnering 60% of the global total funds between 2013 and mid-2017. The report predicted that funding for Asia-Pacific proptech may reach $6b (US$4.5b) a year by 2020.

“Asia Pacific is home to the world’s leading smart cities, many of which are powered by tech-enabled real estate tools,” JLL Spark co-CEO Mihir Shah said. “JLL is committed to cultivating next-generation proptech start-ups and promoting Asia Pacific as a hub of technology innovation for real estate."

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia