JLL Spark invests in PROBIS to drive real estate innovation 

According to McKinsey, 98% of construction projects experience cost overruns, and the average cost overrun is roughly 28%. Against this backdrop of inefficiency, JLL Spark recently invested in PROBIS, a leading SaaS PropTech startup specializing in financial management for real estate development, aligning with JLL’s digital transformation goals in project management. Based in Munich, PROBIS offers cloud-based software that streamlines cost management and project workflows for lenders, developers, and investors. PROBIS improves project outcomes in the real estate industry, increasing cost accuracy by 20% and reducing project costs by 15%, delivering more efficient and reliable results. 

With PROBIS, JLL expands its access to AI capabilities and to a global construction cost database, providing clients with a comprehensive resource for financial and project insights. The founders’ deep real estate expertise ensures that PROBIS will shape industry innovations as the software scales globally, supported by JLL Spark’s industry connections. 

PROBIS Management (left to right): Moritz Koppe, Markus Ortmann, and Robert Mühlstein 

Why PROBIS?  

JLL Spark recognized PROBIS for its groundbreaking approach in addressing complex real estate project management challenges. PROBIS offers an end-to-end SaaS solution that allows users to control, monitor, and manage the financial aspects of real estate projects. All project stakeholders are connected on the platform, which provides transparency and accountability. The platform brings numerous advantages to JLL and its clients, including: 

1. Improved cost management: PROBIS allows JLL to streamline its processes with real-time insights into project performance. Teams can monitor expenses closely, manage budgets effectively, and forecast future costs with greater accuracy. This reduces the likelihood of budget overruns and project delays. 

2. Enhanced client services: PROBIS’ platform provides JLL clients with greater transparency and control over their projects. Real-time data and reporting empower clients to track progress, manage cost variations, and collaborate more efficiently with stakeholders. 

3. Data-driven decision making: By leveraging big data, PROBIS enables JLL and its clients to make smarter data-driven decisions. Analyzing historical project data and benchmarking costs allows for optimized project performance and return on investment. This approach also supports JLL’s commitment to ESG initiatives, as it allows for better tracking of sustainability metrics. 

4. Global scalability: As JLL operates globally, the scalability of PROBIS’ cloud-based platform enables consistent financial oversight across all regions and generates globally accessible benchmarks. 

A major draw for JLL Spark was PROBIS’ AI-driven technology, which helps automate cost management and reduce the risks of budget overruns and delays, both common issues in property development. This automation, coupled with data transparency, aligns with JLL’s goal of improving project delivery efficiency and providing better value to clients.  

Driving future innovation 

Combining JLL’s expertise with PROBIS’ cutting-edge technology positions them to redefine project and development management. PROBIS plans to expand its offerings and enter new markets, catering to the growing demand for efficient, transparent, data-driven management tools. 

For JLL, this investment strengthens its real estate technology leadership in line with its long-term strategy. With PROBIS’ AI-powered financial management integrated into JLL’s operations, JLL and PROBIS will deliver improved project management services, financial oversight, and value to clients. Together, JLL and PROBIS are setting new standards for efficiency, transparency, and data-driven decision-making in real estate development. 

To learn more about PROBIS’ project cost management solution, contact the team here. They look forward to hearing from you. 

Written by Sean Wright, Investment Principal at JLL Spark

Interested in a strategic partnership with JLL Spark? Apply for an investment here.