JLL Sparkās Raj Singh Still Canāt Believe Proptechās Potential
London-born and -raised Raj Singhās passion for computer science initially led him to IBM, later then later to Booz Allen Hamilton as a consultant. Eventually, though, seeking to combine his skills and to chart a new career path, Singh saw the proptech aspect of real estate as an enticing greenfield of opportunity and came to the U.S.
JLL and HqO Do a Swap
HqO buys JLL Jet and JLL will sell HqO products.
Proptech funding hits record high in H1 2022
After venture capital funding reached record levels in the first six months of the year, can the sector maintain its momentum despite āsome choppinessā?
JLL Leans Further Into ‘Exploding’ Office Proptech Space With New Deal
JLL has inked a new partnership with a proptech firm as part of its effort to build an ecosystem of tech solutions for office landlords and tenants.
The global commercial real estate firm reached a deal to sell one of its own workplace tech applications to HqO, a startup it invested in last year, as a way to combine two types of office tech offerings into one platform, JLL Technologies President Sharad Rastogi told Bisnow.
JLL Spark Hits $340M in Investments
In 2017, JLL started JLL Spark Global Venture Fund, a venture capital arm. A year later it announced that it planned to invest upwards of $100 million into real estate technology startups. Recently, the company said that it had made more than $340 million in investments since June 2018.
Proptech startup CEO on valuation woes: “Flat is the new up”
HomeLight, a San Francisco-based proptech firm that facilitates contingency-free, cash transactions, bought the Denver-headquartered fintech Accept.inc ā its third acquisition in as many years ā making it the largest āagent-focused cash offer programā in the U.S.
Proptech Bubble Deflates As Startups Swallow Lower Valuations
After years of exuberant dealmaking, the proptech industry is facing a reckoning.
Proptech unicorns that raised boatloads of cash and went public with promises to disrupt the multitrillion-dollar commercial real estate industry have seen their valuations plummet in recent months. The sectorās losses have outpaced the overall market drop this year as the Federal Reserve has taken aggressive measures to curb inflation.
ALICE Technologies Raises $30M in Series B Funding
AI-based scheduling and project management tech firm ALICE Technologies announced June 13 that is has raised $30 million in a Series B funding round.
ALICE specializes in an AI-driven analysis of preconstruction data to generate a full construction sequencing plan. Everything from erection of the structure to the management of labor and materials is handled by the AI, which can adjust parameters to find more optimal scheduling paths.
JLL Sparkās Laurent Grill on Investing in Proptechās Evolution
On this episode of the LA Venture podcast, JLL Sparkās Laurent Grill talks about the world of proptech, COVIDās impact on the office and lowering buildingsā emissions.