We are thrilled to announce $25M of Series B funding led by Ribbit Capital, the leading financial technology VC firm, with participation from Felicis Ventures, Zigg Capital, and other strategic investors from the real estate industry. This latest investment brings our total funding to date to $33M.
Since raising our Series A one year ago, we have added more than 150 market-leading investment firms as customers, including Gaw Capital, PCCP, LLC, Rockpoint Group, Rockwood Capital, Stockbridge Capital, and Tishman Speyer. Juniper Square is now used to manage nearly 10,000 real estate investments, and currently more than $50B of capital is being raised across nearly 500 active offerings on Juniper Square.
This new round of investment will enable us to provide our customers an even higher level of service and support, and to add more features to our product more quickly.
We are only at the beginning of our plans for Juniper Square. We envision a future where managers are free to focus their time exclusively on managing real estate and building investor relationships, with software and services taking care of the routine operational tasks associated with raising and managing outside capital.
We believe that over time we will be able to help managers not just run their capital markets operation more efficiently, but also connect to new sources of capital and pursue new business models like open-end funds that previously required significant scale to operate, all while providing the market more liquidity and a lower overall cost of capital.
You can read more about the news in this article on TechCrunch, and via our press release.
It’s just the beginning at Juniper Square, and we couldn’t be more excited for what’s ahead!
– Alex Robinson
CEO & Co-founder