Jones, a New York City based commercial real estate startup, announced an additional $4.6 million venture round led by Hetz Ventures alongside JLL Spark, WeWork, MetaProp Ventures, GroundUp Ventures and 500 Startups.
The company has raised $8 million to date.
Jones provides a software-as-a-service solution helping commercial firms tackle insurance certificates by automating and simplifying the workflow in each step of the value chain, from facility management to leases, development, and construction. The fresh funding from leading strategic investors will position Jones to sustain rapid growth.
Over the past 18 months, Jones has been deployed in over 500 properties and thousands of vendors growing 20 percent MoM with leading companies such as JLL, MITIMICo, Stark Enterprises and others.
It’s rapid growth is fueled by the speed and ease of software implementation, which the company states is occurring at a rate of two properties per hour.
“Jones’ growth, from our first two pilots together to now deploying across hundreds of JLL office and retail buildings, is a testament to their focus and ability to execute on this substantial market opportunity,” said Mihir Shah, Co-CEO at JLL Technologies