JLL Spark announces new fund for China-based proptech companies
JLL Technologies increases personnel in China to meet growing demand
SHANGHAI, Nov. 6, 2022 – JLL is increasing its technology presence in China and intends to set up a new RMB fund. The JLL Spark China Venture Fund will launch in 2023 allocated for financing China-based proptech companies. The fund will focus on seed and Series A investments into startups where JLL can play a significant role in bringing them to market with its client base.
The JLL Spark China Ventures Fund is affiliated with JLL Spark Global Ventures, the corporate venture arm of JLL and part of the JLL Technologies division. Since 2018, JLL Spark Global Ventures has invested over $340 million across 40+ propech companies.
Through this new RMB fund, JLL will identify and invest in technology startups that support investor and occupier clients with innovative solutions in construction tech, sustainability, financial tech, smart buildings, industrial tech, and the future of work, thereby driving the transformation of China's real estate industry through technology innovation.
Alex Lu, Senior Vice President, Technology, JLLT; Bessie Lee, CEO, Greater China, JLL; Geoff Kau, President, JLLT; John Qiang, Vice President, Strategy and Business Operation, JLLT
Led by experienced developers, technologists, entrepreneurs, investors of high-growth tech companies and commercial real estate experts, JLL Technologies (JLLT) delivers a comprehensive technology portfolio of purpose-built software platforms, apps, hardware and technology services, as well as innovations from venture-backed companies.
JLLT has launched two products in China to empower commercial real estate and support clients’ growth, Real Estate Partner and Rujian Data. Real Estate Partner is a commercial real estate leasing service platform and Ruijiang Data is an analytical platform for office.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.