Juniper Square, a technology provider for real estate investments, announced $25M in Series B funding led by Ribbit Capital, the financial technology VC firm.

Ribbit joins Felicis Ventures, Zigg Capital, and other strategic investors from the real estate industry, who also participated in the round. This latest investment brings total funding to date to $33M. The company will use the funds to further accelerate the rapid adoption of its market-leading software solution.

Founded in 2014, Juniper Square is transforming the multi-trillion dollar real estate investment industry with modern, easy-to-use software that automates one of the most critical business functions for investment managers: raising and managing outside capital.

Since raising its Series A one year ago, Juniper Square has 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.

“Our mission is to transform the world’s private capital markets through software,” said Alex Robinson, the company’s CEO and Co-founder. “This investment by Ribbit Capital, the leading fintech investor known for spotting disruptive companies in their early stages, is a testament to the strength of our long-term plans for Juniper Square. 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, faster on behalf of our customers.”

“At Ribbit we look for technology companies that have the potential to change the topography of financial markets,” said Nick Shalek, General Partner at Ribbit Capital. “Real estate is the world’s biggest asset class, yet it’s highly inefficient and remains largely inaccessible. Juniper Square is rapidly becoming the system of record for private commercial real estate, bringing the promise of modern technology along with it. The opportunity is enormous, and we are excited to back a team with the deepest technology bench in their industry and a huge long-term vision for capital markets.”

Sundeep Peechu, Managing Director of Felicis Ventures, said: “Juniper Square is one of the fastest growing real estate tech companies that we have ever seen. They are building technology for an industry that touches nearly every human and every corner of the economy. It’s a hard problem that takes time to solve, but the benefits of making these huge markets work better are tremendous.”