• About & Contact Us
  • SEO Community

Ulancer.com

    • Latest Stories

      What is new?

    • Meet the startups that pitched at EF’s 10th Demo Day in London

      September 27, 2018

    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A

      September 27, 2018

  • News
  • How to’s
  • Writing
  • Startups
  • Jobs
  • More
    • CMS Tools
    • APPS
    • Web Resources
      • Advertising
      • Firefox
      • Scripts
      • Tools

Juniper Square raises $6M for its real estate investment platform

  • by Ulancer Contributor
  • In Startups
  • — 31 Jan, 2018

The real estate industry was relatively slow to adopt technology, but it’s now quickly catching up. That means that virtually every part of the industry is seeing a lot of startup activity. Juniper Square, which today announced it has raised a $6 million Series A round led by Felicis Ventures, is tackling the real estate investment side by helping investment managers raise and manage outside capital for their projects.

The company was founded in 2014 and launched its investment platform in 2017. Today’s funding round brings the company’s total funding to date to $8 million; the company plans to use the new influx of capital to accelerate its product development and grow its team to better service its user base.

San Francisco-based Juniper Square, which also recently opened an office in Austin, says it has quadrupled both its revenue and managed assets over the course of the last year. More than 100 real estate managers switched their private equity funds to the company’s platform last year, and these now service more than 50,000 investors and manage more than 3,000 investments on the platform that have a total worth of almost $200 billion.

“The real estate industry has historically been very underserved by technology, especially in investment management,” said Alex Robinson, Juniper Square’s co-founder and CEO. “Real estate firms are seeking to benefit from innovations in technology, and our solution helps firms of all sizes better manage the entire life cycle of their capital relationships. This new round of investment will enable us to rapidly improve our product for both sponsors and investors.”

Robinson told me the company almost broke even last year, despite adding 25 new employees. But the new funding will now allow the company to invest in forward-looking projects that probably won’t pay off until a year or two from now. “As an example of this, we’re really excited by the opportunity to invest even more in the investor experience on our platform,” he said. “There’s a lot we can do to further simplify the complex process of private investing for investors, and to help them get more insight from their investments.”

With more than 30,000 funds currently in business, Juniper Square still has plenty of room to grow, but the company hopes that its platform, which gives managers all the tools they need to keep track of their investments and investors, will win over more of the existing funds over time.

When I asked Robinson about Juniper Square’s roadmap, he noted that the company’s mission is essentially to replace all the Excel spreadsheets that currently float around these investment firms. “Excel is an incredible product — I know, I used to be a product manager for Microsoft Office — but it was never intended to be a database or a workflow/collaboration tool. Yet that’s exactly how it’s used inside of 99 percent of investment firms,” he said. “So our roadmap is pretty simple: We look for places where Excel shouldn’t be used, and we replace it with purpose-built software. There are a lot of spreadsheets flying around firms, so there’s still a lot to do.”


News source

You might also like...

  • Enterprise barcode scanner startup Scandit raises a $30 million Series B 26 Jul, 2018
  • The Podcast App aims to be the simplest way to listen to podcasts 19 Mar, 2018
  • Two ex-Uber execs have an investor syndicate to fund Uber alum 24 Jul, 2018
  • Kahuna comes out of the gate with customer engagement platform 5 Apr, 2018
  • Previous story Actress Maisie Williams to launch Daisie, a social app for talent discovery and collaboration
  • Next story So, what’s up with Amazon’s Alexa Super Bowl ad?
  • RSS
    Receive Freebies & Latest Posts Directly To Your Email - it's Free!

    • Recent Posts
    • Most Popular
    • Comments
    • 7hrCggmJ-AMMeet the startups that pitched at EF’s 10th Demo Day in LondonSeptember 27, 2018
    • oNo38LV2tQIRally Rd., the app that lets you invest in classic cars, raises $7M Series ASeptember 27, 2018
    • Nearby.gifBerkanan is a Bluetooth-powered group messaging appSeptember 27, 2018
    • 2122.pngVinay Gupta to talk about Mattereum at Disrupt BerlinSeptember 27, 2018
    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
    • wptheme2A Collection of Free WordPress ThemesJuly 11, 2010
    • Rithika Kumar on:5 Key Reasons to Choose WordPress for your Business Website
    • Ruslan Winter on:TransferWise’s next partnership could be with U.K. challenger bank Monzo
    • Sammy May on:Curve, the fintech that connects all your cards to a single card and app, gets full consumer launch
    • Sammy May on:Curve, the fintech that connects all your cards to a single card and app, gets full consumer launch
  • Staff Picks

    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
  • Recent Posts

    • Meet the startups that pitched at EF’s 10th Demo Day in London
    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A
  • Search Our Blog

  • Ulancer is an insightful freelance blog and resource site. We provide intuitive articles that cover Photoshop tutorials, time-saving management tips covering a broad range of topics. We also have an active freelance community forum, there you can meet other freelancers that share your common interest, socialize and chat about freelance trending news as the occurred.

© Copyright 2013 Ulancer.