JLL Spark, a division of JLL, is launching a new venture capital fund, the JLL Spark Global Venture Fund, which will invest up to $100 million in early-stage real estate technology companies.
Mihir Shah, co-CEO at JLL Spark, explains the fund is focusing on strategic investments that will support JLL investor and occupier clients. “We are certainly a focused fund,” says Shah. “We’re not investing in everything real estate. We’re investing in the things where we can actually help the startup because, as a strategic investor, that’s the key to success.”
In addition to funding startups, JLL Spark will support the portfolio companies’ growth with a dedicated team of experienced product marketers. And, for technologies focused on the built environment, JLL Spark will have “building labs,” says Shah — “a set of buildings in some of the big metros around the world that are designated as places where we can easily try new technologies quickly without go
