JLL Spark Global Ventures has spearheaded the Series A funding round for PROBIS, a Munich-based company that innovates financial management in real estate development through artificial intelligence (AI) and benchmarking technology.
The investment round marks a significant step for PROBIS, which is set to revolutionize outdated financial management systems within the real estate industry. The PROBIS platform is designed for comprehensive financial oversight of development projects, enhancing cost and revenue management through advanced AI-based technology.
Moritz Koppe, CEO of PROBIS, said, “JLL’s investment is a continuation of our global expansion strategy. Their involvement enables us to grow and offer our customers additional cloud-based AI functions that expand our capabilities in multi-project controlling and the provision of real-time data for real estate lenders and developers.”
The strategic investment by JLL Spark is aimed at driving digital transformation and operational efficiencies within the real estate sector. This partnership allows PROBIS to tap into JLL’s vast resources and expertise in PropTech and FinTech, significantly advancing its software solutions.
Sean Wright, Principal at JLL Spark in EMEA, stated, “After extensive evaluation, we determined that PROBIS’ financial management technology represented a great fit for JLL and its clients, as well as a highly compelling investment opportunity for JLL Spark. We’re excited about the prospects of this partnership and look forward to working with the PROBIS team in the years ahead.”
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