Juniper Square, a US-based real estate investment management platform backed by property developer LeFrak, picked up $75m yesterday in a series C round led by venture capital firm Redpoint Ventures.
Fellow venture capital firms Ribbit Capital, Felicis Ventures and Zigg Capital also contributed to the round, which boosted the company’s total funding to $108m.
Founded in 2014, Juniper Square has built an online platform where commercial real estate investors can manage their property portfolio, raise investment funds, generate performance reports and handle accounting processes.
The platform handles approximately $800bn worth of real estate assets and will use the cash injection to drive further growth.
Alex Robinson, Juniper Square’s co-founder and chief executive, said: “With this latest round, Juniper Square is better able to seize the opportunity to change the status quo in a way that benefits both [general partners and limited partners] in the commercial real estate ecosystem.
“Our vision is that one day, an institution or individual could invest in a share of a commercial building just like they would in a share of stock on the New York Stock Exchange.”
LeFrak lists Juniper Square as a portfolio company, with deals database Crunchbase claiming it invested as part of the latter’s $2m seed round in 2016.
Felicis Ventures led Juniper Square’s $6m series A round in January 2018, with participation from unnamed strategic investors. The company added $25m in a December series B round led by Ribbit Capital that included Felicis Ventures and Zigg Capital.
