JLL, Khosla lead Jones’ $12.5M Series A for real estate vendor compliance

The company announced Monday it raised $12.5 million in Series A funding led by JLL Spark and Khosla Ventures that also included strategic investors Camber Creek, Rudin Management, DivcoWest and Sage Realty. This new investment brings Jones’ total raised to $20 million.

TechCrunch

July 18, 2021

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Jones is a commercial real estate startup that offers a marketplace for pre-approved vendors, streamlining the vendor approval process for tenants and property managers. They raised $12.5 million in Series A funding, bringing their total funding to $20 million. Jones' technology reduces vendor approval time to 2.5 days with 99.9% accuracy, compared to the current manual process with 30% accuracy. Their platform aims to provide a digital marketplace experience for office managers and tenants. The funding will be used for product development, onboarding new vendors, and expanding into other industries. Jones differentiates itself through its strong network of high-profile real estate customers and plans to transform the commercial real estate industry through technology.

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