Juniper Square, a real estate investment management software specialist, has obtained $25M in Series B funding led by Ribbit Capital, a fintech venture capital firm.
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Felicis Ventures, Zigg Capital and other investors from the real estate industry also participated in the round.
The investment brings the company's total funding thus far to $33M. Juniper's first round of funding concluded about a year ago.
The company, which has offices in San Francisco and Austin, said it will use the funds to accelerate the adoption of its software in the real estate industry.
Founded in 2014, Juniper Square's product is used to streamline fundraising, investment administration and investor reporting in commercial real estate. Its clients include Tishman Speyer, Rockpoint and Beacon Capital.
"We see an opportunity to digitize a multi-trillion dollar asset class, bringing it online and out of spreadsheets, and this additional capital will enable us to do more on behalf of our customers,” Juniper CEO Alex Robinson said in a statement.
Robinson told TechCrunch that private real estate markets are just as big as the public markets.
"But the private markets have typically not been accessible to everyday investors, and that’s part of what we are trying to do with Juniper Square.
"It’s a tremendously large market that almost nobody knows anything about,” Robinson said, adding that Microsoft Excel spreadsheets are still Juniper's biggest competitor.
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