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Corporate Venture
spark.jllt.com

Investments

58

Portfolio Exits

2

Funds

1

Partners & Customers

3

About 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.

Headquarters Location

200 East Randolph Drive

Chicago, Illinois, 60601,

United States

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Expert Collections containing JLL Spark

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find JLL Spark in 1 Expert Collection, including Real Estate Tech.

R

Real Estate Tech

39 items

Latest JLL Spark News

Drones, other contech poised for takeoff in NYC

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.

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JLL Spark Investments Activity

investments chart

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

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$99M

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10

6/2/2022

Series A

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$99M

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10

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

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Amount

$7.4M

$12.5M

$17M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

5

11

7

10

10

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

$99M

3

7/16/2019

Acquired

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$99M

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10

Date

8/11/2021

7/16/2019

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

10

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.

Date

Type

Business Partner

Country

News Snippet

Sources

4/1/2021

Partner

United States

3/4/2021

Vendor

United States

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10

3/7/2019

Vendor

United Kingdom

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10

Date

4/1/2021

3/4/2021

3/7/2019

Type

Partner

Vendor

Vendor

Business Partner

Country

United States

United States

United Kingdom

News Snippet

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Sources

10

10

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

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Name

Yishai Lerner

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Work History

Title

Chief Executive Officer

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Status

Current

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