The intersection of real estate and technology

Investments

Leadership

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 Mob.ly, 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 Mob.ly. Mob.ly 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 Respond.com, 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.

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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 Mob.ly, 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 Mob.ly by Groupon, Yishai was its CTO and Co-founder. Mob.ly built a number of category-leading location-based mobile applications.

Before co-founding Mob.ly, 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.

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Values

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

Careers

News

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.