Investments
58Portfolio Exits
2Funds
1Partners & Customers
3About JLL Spark
JLL Spark is dedicated to transforming the real estate industry through technology-based innovation. JLL Spark provides the nimbleness of a startup backed by JLL's expertise and resources. Led by experienced Silicon Valley entrepreneurs with successful track records building and investing in tech companies, JLL Spark's strategic proptech investments offer JLL the ability to provide innovative products to real estate owners and operators. JLL Spark was founded in 2017 and is headquartered in San Francisco, California.

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Expert Collections containing JLL Spark
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Research containing JLL Spark
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CB Insights Intelligence Analysts have mentioned JLL Spark in 5 CB Insights research briefs, most recently on Mar 16, 2022.

Latest JLL Spark News
Mar 22, 2023
Adoption of drone technology would greatly improve the speed and efficiency of conducting facade inspections, said a panelist at the 2023 New York Build Conference. Published March 22, 2023 Adoption of drone technology would greatly improve the speed and efficiency of conducting facade inspections, according to a panelist at the 2023 New York Build Conference. Sebastian Obando/Construction Dive Contech adoption continues to surge in the construction industry, with a specific focus on drones and automation, according to panelists at the 2023 New York Build Conference. For example, proposed legislation could soon permit drones to assist the Department of Buildings in facade inspections, said Edward Kostakis, CEO of AeroSpect, a New York City-based drone service provider, during the panel session. According to a report from the office of Manhattan Borough President Mark Levine, drones are currently not allowed to fly freely in the city, and may only land or take off in certain select zones. That means humans must conduct these facade inspections in the city. Local Law 11 compliance requires buildings taller than six stories to have their facades inspected and repaired every five years. “Operating drones in New York City is very different from operating drones in the rest of the country,” said Kostakis. “There’s so many high rises. If we wanted to do some sort of facade inspection, generally if you have a building a little more spaced, you’d have a much easier time to do that, at least for now. We’re working on some new technology to be able to develop that into a more operable situation.” Introduction 452, a bill sponsored by New York City Council Member Keith Powers, would allow for these drone technologies to be used by the construction industry. Adoption of the technology would greatly improve the speed and efficiency of conducting facade inspections, said Kostakis. Analysts project the North American facade system market to climb to $49.8 billion by 2028 from $38.3 billion in 2021, according to a report from Business Market Insights . “The government traditionally lags on adopting technology,” said Liz Van Dyke, head of public sector at JLL Technologies, a real estate technology and services provider. “I would argue that we’re starting to see a drastic shift in adoption of things like drones and sensors. Things that have traditionally not been accepted in this industry are now very much top of mind.” Contech adoption surges despite economic concerns Outside of drone technology, Van Dyke added that JLL Spark, the corporate investment arm of JLL, is analyzing everything from how the company collects data to how it uses that data to inform decision making. The VC arm has invested more than $380 million in about 40 construction technology startups, with a focus on solutions in sustainability and energy consumption, according to Van Dyke. “I think what’s important is creating the appropriate ability to bring all those data sources together,” said Van Dyke. “Generally speaking, there’s a lot of valuable data that already exists that just needs to be combined — to see the full picture of that effect.” Despite economic pressures and overall tightening in the market, Van Dyke points out there remains an appetite for technology adoption in the market. “Where we used to have lots of security concerns, lots of challenges for adoption of unproven technology, we are starting to see the value of the data outweigh some of those older restrictions,” said Van Dyke. “We are finding ways to get around them to make it more comfortable and to increase adoption.” Some of the technologies JLL Spark has invested in include a generative construction simulator that helps contractors explore numerous potential ways to build a project, a platform that digitizes the renovation process, decarbonization tools and other forms of automation and sensor tools. “That is leading to higher adoption,” said Van Dyke. “In the next 12 months, we’re going to see some really exciting strategies.”
JLL Spark Investments
58 Investments
JLL Spark has made 58 investments. Their latest investment was in Desana as part of their Series A on March 3, 2023.

JLL Spark Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/1/2023 | Series A | Desana | $7.4M | Yes | 5 | |
11/15/2022 | Series A | Atmos | $12.5M | Yes | 11 | |
10/26/2022 | Series A | SwiftConnect | $17M | No | 7 | |
6/30/2022 | Series A | |||||
6/2/2022 | Series A |
Date | 3/1/2023 | 11/15/2022 | 10/26/2022 | 6/30/2022 | 6/2/2022 |
---|---|---|---|---|---|
Round | Series A | Series A | Series A | Series A | Series A |
Company | Desana | Atmos | SwiftConnect | ||
Amount | $7.4M | $12.5M | $17M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 5 | 11 | 7 |
JLL Spark Portfolio Exits
2 Portfolio Exits
JLL Spark has 2 portfolio exits. Their latest portfolio exit was Skyline AI on August 11, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
8/11/2021 | Acquired | 3 | |||
Date | 8/11/2021 | |
---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
JLL Spark Fund History
1 Fund History
JLL Spark has 1 fund, including JLL Spark Global Venture Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
6/5/2018 | JLL Spark Global Venture Fund | Multi-Stage Venture Capital | Open | $100.4M | 1 |
Closing Date | 6/5/2018 |
---|---|
Fund | JLL Spark Global Venture Fund |
Fund Type | Multi-Stage Venture Capital |
Status | Open |
Amount | $100.4M |
Sources | 1 |
JLL Spark Partners & Customers
3 Partners and customers
JLL Spark has 3 strategic partners and customers. JLL Spark recently partnered with Roofstock on April 4, 2021.
JLL Spark Team
3 Team Members
JLL Spark has 3 team members, including current Chief Executive Officer, Yishai Lerner.
Name | Work History | Title | Status |
---|---|---|---|
Yishai Lerner | Chief Executive Officer | Current | |
Name | Yishai Lerner | ||
---|---|---|---|
Work History | |||
Title | Chief Executive Officer | ||
Status | Current |
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