Juniper Sq. traces up $25M for its actual property funding platform –


Juniper Sq., a four-year-old startup on the intersection of enterprise software program, actual property and monetary know-how, has introduced in a further $25 million in Sequence B funding to gas the expansion of its business actual property funding platform. Ribbit Capital led the spherical, with participation from Felicis Ventures.

Based in 2014 by Alex Robinson, Yonas Fisseha and Adam Ginsburg, the startup’s chief govt officer, vice chairman of engineering and VP of product, respectively, Juniper has raised a complete of $33 million thus far.

The corporate operates a software program platform for business actual property funding companies — an business that has been slower to undertake the newest and biggest know-how. Robinson tells those companies increase cash from pension funds, endowments and elsewhere to buy after which handle business actual property, utilizing Juniper’s software program as a software all through that course of. Juniper helps fundraising and capital administration with a set of buyer relationship administration (CRM) and productiveness instruments for its customers.

The San Francisco-based firm says it presently has tons of of consumers and manages half a trillion {dollars} in actual property.

“The non-public markets are simply as massive as the general public markets … however the non-public markets have usually not been accessible to on a regular basis traders, and that’s a part of what we try to do with Juniper Sq.,” Robinson informed . “It’s a tremendously giant market that nearly no person is aware of something about.”

Juniper will use its newest funding to double headcount from 60 to 120 within the 12 months forward, with plans to beef up its engineering, product and gross sales groups particularly as the corporate expects to proceed experiencing large development. Robinson mentioned it’s grown between 3x and 4x yearly for the final three years.

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Felicis Ventures managing director Sundeep Peechu mentioned in an announcement that Juniper “is among the quickest rising actual property tech firms” the agency has ever seen: “They’re constructing know-how for an business that touches practically each human and each nook of the economic system. It’s a tough drawback that takes time to resolve, however the advantages of constructing these enormous markets work higher are large.”

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Present in a comparatively area of interest intersection, Juniper’s job now’s to show itself extra environment friendly and user-friendly than Microsoft Excel spreadsheets, which, Robinson says, are nonetheless its largest competitor.

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“Our purpose is to be the de facto platform for actual property funding and we’re effectively on our method to changing into that.”


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