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."

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!