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JLL Spark announces $100mn global venture fund

IANS  |  New Delhi 

Spark, a division of JLL, on Wednesday announced it has created a that will invest up to $100 million in companies that aim to transform the industry through technology.

The fund will help entrepreneurs and their companies by connecting them with its business lines and clients for feedback and product distribution.

According to a report by and Tech in Asia, proptech start-ups in Pacific outpaced their and American counterparts -- with 179 of them raising around $4.8 billion in funding between 2013 and mid-2017 -- over 60 per cent of the global total.

"Pacific is home to the world's leading smart cities, many of which are powered by tech-enabled tools. We are committed to cultivating next-generation proptech start-ups and promoting Pacific as a hub of for real estate," said its

Funding for proptech start-ups in the region was predicted to reach $4.5 billion a year by 2020.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 06 2018. 14:04 IST
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