JLL Spark Invests in Munich-Based PropTech Innovator PROBIS

Core Insights - JLL Spark Global Ventures has led a Series A investment round in PROBIS, a company focused on AI-powered financial management solutions for real estate development [1][2] - The investment aims to enhance PROBIS' capabilities in cloud-based project controlling and drive digital transformation in the real estate industry [2][4] Company Overview - PROBIS, headquartered in Munich, offers a scalable cloud-based platform for financial process management, targeting real estate owners, banks, project developers, and investors [5] - Founded in 2022, PROBIS has quickly established itself as a leading provider of multi-project controlling software, completing up to 1,000 projects annually [5] - The management team has 20 years of experience in digital cost control for major developments, ensuring cost security and control from early project stages [5] Investment Details - JLL Spark's investment is part of a broader strategy to support PropTech companies that provide innovative solutions to the real estate sector [3][4] - The partnership will leverage JLL's resources and expertise in PropTech and FinTech to enhance PROBIS' software solutions [3][4] - The Series A funding round emphasizes PROBIS' commitment to utilizing technology for improved AI-based financial control [4] Strategic Goals - The collaboration aims to redefine project and development management by combining PROBIS' AI-driven solutions with JLL's industry expertise [4] - The investment is seen as a pivotal step in JLL's digital transformation efforts within its Project & Development Services [4] - The partnership is expected to establish new standards in ESG, revenue, and construction cost control, ultimately delivering enhanced value for clients [4]