The FINANCIAL — JLL Spark, a division of JLL announced an investment in Honest Buildings – a market-leading project management platform built for and backed by real estate owners.
The new investment will be used to help fuel Honest Buildings’ expansion into new international markets and deliver real estate owners with purpose built, enterprise grade platforms that will be instrumental to the future of the real estate industry.
JLL Spark’s investment closely follows the recent close of Honest Buildings’ Series B round of $30M, from industry investors including Brookfield Property Partners, Oxford Properties Group, The Durst Organization, DivcoWest Real Estate Investments, Rudin Ventures, First Capital Realty, QuadReal, Altus Group LTD, and C-III Capital Partners, in addition to leading venture capital funds Thrive Capital, Navitas Capital, Greensoil Building Innovation Fund, The Westly Group, Rockport Capital, and Circle Ventures. Total investment to date is $50 million and is comprised of a strategic group of leading owners and venture investors.
JLL uses Honest Buildings’ platform to manage total project value for institutional clients by centralizing project data, automating bid management, managing capital and standardizing reporting–resulting in increased transparency.This new investment will allow Honest Buildings to invest further in its product to continue to scale the company’s impact on progressing the urban landscape by empowering collaborative, data-driven decision making for commercial real estate owners. Additionally, Honest Buildings will continue its global expansion, starting with Australia and the UK.