JLL Leads $15M Funding Round for Portfolio Management Proptech Re-Leased


Posteda proptech offering property portfolio management services, today announced a $15m (£11.9m) fundraising round led by JLL Sparkaccording to UK Tech News (UKTN).

The company says it will use the funding to continue its international growth plans and to develop and launch new software products and partnerships. The proptech has now raised a total of $24.8 million in funding to date, with previous capital coming from a number of angel investors.

Founded in 2013, Re-Leased offers developers and owners greater visibility into their properties and supports building maintenance, reporting, invoicing and document storage through its portfolio dashboard.

“At Re-Leased, we believe in the power of technology to shape the future of commercial real estate to deliver better outcomes for people, property and the planet, and JLL Spark’s support is strong validation. of that vision and the platform that we have built,” Tom Wallace, CEO of Re-Leased, told UKTN.

The company has expanded internationally since its inception, with headquarters in London and operations in the US and Australia, and claims it is already used to manage over 50,000 properties and 100,000 leases in the world.

“Re-Leased’s cloud-native software disrupts the status quo, revolutionizing the way its clients run their businesses,” said Kitty Sullivan, director of JLL Spark, a corporate investment division of a global investment firm. ‘property investment. JLL (Jones Lang LaSalle).

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Since its launch in 2017, JLL Spark has become a notable and active investor in the proptech market, with more than 30 investments in the sector and recent large-scale investments including Roofstock, OpenSpace and Veev.

“We are confident in the platform’s potential to push the boundaries of the industry’s digital transformation and look forward to supporting its global growth,” Sullivan added.

In other recent proptech news, Allbridge The CEO discussed the keys to adopting and nurturing proptech. Sumutasu also announced a $10 million Series B to lead iBuyer’s Japanese market.

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