Global venture fund transforming commercial real estate




Mihir Shah

Mihir Shah

Co-CEO, JLL Spark

Building and leading teams to bring successful technology-based products to market in a high-growth environment is Mihir's passion. He has done this as the Co-Founder and CEO of, as an early employee at several startups, as a product leader at Yahoo!, and as a senior executive at Groupon. He has also been an angel investor and advisor to a number of startups such as Uber and Boom Supersonic.

Mihir was the GM of Mobile at Groupon where he helped build the global mobile business to over 50% of gross merchandise value. Also, Mihir created and ran the Merchant Products Group which was responsible for the development of products, services, and technologies that changed the way thousands of Groupon's merchant partners operated in the marketplace. Finally, Mihir launched Merchant OS, a new startup within Groupon that built tablet-based point of sale and payments systems for small businesses. Within a year, Mihir grew this group to 100 employees spanning sales, marketing, support, and product development, while rapidly expanding the customer base.

Prior to its acquisition by Groupon, he was CEO and Co-founder of built a number of category-leading location-based mobile applications. Early in his career, Mihir served in key product leadership roles at Yahoo! Search, was Director of Product Marketing at Grand Central, where he helped launch one of the first Web Services networks for businesses, and led Product Management at, a lead generation service for local businesses.

Mihir started his career as a management consultant at R. B. Webber & Company. At Webber, he worked with a number of startups and Fortune 500 technology companies to develop go-to-market strategies across a wide range of technology product segments.

Mihir holds a B.S. in Computer Science and Electrical Engineering from the Massachusetts Institute of Technology.

Yishai Lerner

Yishai Lerner

Co-CEO, JLL Spark

Yishai is driven by finding creative, innovative and technical solutions to large problems. Accelerating technology adoption in commercial real estate is the latest challenge he is tackling after having sold, a startup he Co-founded with Mihir Shah to Groupon. He was also the first employee at numerous mobile startups after an early career building artificial intelligence for video games at Activision Studios. Yishai has angel invested and advised many startups including Uber and Boom Supersonic.

Yishai helped scale Groupon’s engineering team from a dozen to over 500 developers worldwide. He brought to fruition Groupon’s first consumer mobile applications followed by merchant products and tools. He was instrumental in helping Groupon scale development and built teams to grow Groupon's mobile business from 0% revenue to 50% of gross merchandise value, merge technology and platforms of numerous acquisitions and led a global migration to a shared SOA architecture. In 2013, Yishai was acting global engineering SVP and CTO orchestrating all core Groupon software development worldwide. In this role, he ran a global e-commerce platform processing over $5B in GMV annually. Additionally, Yishai led due diligence for many of Groupon's corporate and technology acquisitions.

Prior to the acquisition of by Groupon, Yishai was its CTO and Co-founder. built a number of category-leading location-based mobile applications.

Before co-founding, Yishai was the first engineer at two mobile startups. He helped found Carrier IQ, a cell phone provider focused data analytics platform. CarrierIQ at its peak was embedded on a majority of US cell phone devices including many iPhone and Android models. He was also the first engineer at Core Mobility where he helped develop many native product lines for wireless carriers including a Push-To-Talk service for Sprint/Nextel. Core Mobility was later acquired by Smith Micro.

Yishai Lerner holds a Bachelor of Science in Electrical Engineering and Computer Science from Massachusetts Institute of Technology where he concentrated in Artificial Intelligence and contributed to the MIT Media Lab.



  • Be decisive
  • Be a doer
  • Think long term
  • Make customers ecstatic
  • Be direct
  • Simplify and edit
  • Have empathy
  • Be humble
  • Don’t waste time


JLL Spark's Mihir Shah on transformational technology at Realcomm 2018

JLL Spark co-CEO Mihir Shah talks transformational technology and bridging the gap between entrepreneurs and investors.


Livly announces $10M financing round to digitally transform the multi-family rental experience

JLL Spark is a participating investor in the round for this Chicago-based startup focused on tenant experiences and revenue streams for multi-family properties.

JLL Spark selects Concrete VC as EMEA investment advisor for global venture fund

Through this partnership, Concrete VC helps connect JLL Spark with innovative commercial real estate technology investment opportunities

JLL Spark leads £4m investment in digital office broker Hubble

Headquartered in London, Hubble is the online platform for flexible office space and marks the first European investment for JLL Spark

Stessa introduces essential software platform for residential rental property investors

Free software platform helps owners of single-family rentals and multi-family properties organize financials and track receipts on mobile app

VergeSense raises $1.5M to make the data-driven workplace a reality with AI-powered sensor-as-a-service platform

The aim is to deploy sensors to optimize office utilization across hundreds of million sq. ft of commercial real estate in strategic deal with JLL Spark

JLL Spark invests in Honest Buildings

Honest Buildings' project management technology for building owners ensures that our clients benefit from transparency into capital and construction projects.

HqO raises $6.6M in funding to scale its tenant experience software for the built environment

JLL Spark’s Global Venture Fund invests in HqO, the leader in tenant experience software that helps landlords provide tech-enabled experiences at their properties.

PropTech Startup Jones announces $2.8 million seed round

New JLL Spark Global Venture Fund makes Jones insurance platform one of its first major investments.

JLL Spark invests in real estate transaction software pioneer Dealpath

JLL Spark Global Venture Fund’s strategic investment in Dealpath to expand leading cloud-based technology platform for transaction evaluation and execution.

Skyline AI raises $18M Series A round to enable precision commercial real estate investment with artificial intelligence

Led by Sequoia Capital and TLV Partners with participation from JLL Spark, a division of JLL, and others, the strategic round enables Skyline to expand platform integration to include additional asset classes and further cooperation with the leading commercial real estate investment firms in the US.

JLL Spark to shape future of commercial real estate through $100 million investment in proptech

JLL Spark announced the creation of JLL Spark Global Venture Fund, which plans to invest up to $100 million in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it.

JLL Spark acquires SaaS-based real estate asset management company Stessa

JLL Spark, a division of JLL, today announced its acquisition of Stessa, a software-as-a-service (SaaS)-based real estate technology platform that allows investors in income properties to easily and cost-effectively track, manage and communicate the performance of their portfolios.

JLL launches JLL Spark with Silicon Valley veterans

JLL announced a significant addition to its extensive PropTech capabilities with the launch of JLL Spark, a global business that will identify and deliver new technology-driven real estate service offerings.

How JLL Spark is focusing on tech as the future of commercial real estate

From virtual reality to building information modeling, technology is fast becoming an integral part of the real estate industry. Many startups and tech companies are honing in on the real estate industry to add more products to the growing PropTech sector.