JLL announced that its corporate venture capital arm, JLL Spark Global Ventures, has led the Series A investment round in PROBIS, which specializes 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PROBIS aims to advance the real estate industry by replacing outdated financial management systems.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 control sector.
JLL Spark invests in property technology companies that deliver innovative solutions to the real estate industry. And the strategic investment in PROBIS aims to drive digital transformation and efficiency within the industry. This partnership will enable PROBIS to leverage JLL’s extensive resources and JLL Spark’s expertise in PropTech and FinTech, further advancing its software solutions.
The Series A funding round validates 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.
KEY QUOTES:
“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.”
- Moritz Koppe, CEO of PROBIS
“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.”
- Sean Wright, Principal at JLL Spark in EMEA
“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.”
- Dunja Nigrin, Head of Project & Development Services DACH at JLL
