Juniper Square Raises $130M Series D to Power AI Era in Private Markets
Juniper Square, the US-based fund administration and investor services firm for private markets, has raised $130 million in Series D funding at a $1.1 billion valuation, as it prepares to launch JunieAI, an enterprise-grade artificial intelligence platform tailored to general partners (GPs) managing private capital.
The fundraising round was led by fintech specialist Ribbit Capital, with participation from property tech investor Fifth Wall and repeat backers including Redpoint Ventures, HighSage Ventures, and Blue Owl Capital. The fresh capital will be used to accelerate product development and expand Juniper Square’s data-driven services globally.
A Strategic Bet on Private Markets Infrastructure
The announcement positions Juniper Square at the center of a structural shift in the private investment ecosystem. The San Francisco-based firm, which administers over $1 trillion in limited partner (LP) capital across 40,000 funds, is aiming to modernize the operating backbone of private markets through the application of AI.
JunieAI, its new flagship product, fuses large language models with proprietary fund data and compliance workflows to create a secure, purpose-built agentic platform for private fund managers. The tool enables GPs to automate investor relations, reporting, fund operations, and internal decision-making—all within an environment designed to meet institutional risk and governance standards.
Alex Robinson, CEO and co-founder of Juniper Square, described the current moment as “a once-in-a-generation transformation,” noting that both the rise of retail capital and advances in artificial intelligence are rewriting how private markets operate.
From Software to Operating System
Founded in 2014, Juniper Square initially gained traction by simplifying fundraising and reporting processes for real estate fund managers. Over the past five years, the company has aggressively expanded into fund administration and treasury services. Its platform is now used by more than 2,000 general partners and 600,000 limited partners globally.
The launch of JunieAI is a signal that Juniper Square no longer views itself merely as a software provider, but as a full-stack infrastructure layer for capital formation and deployment. The AI system integrates directly with fund accounting workflows, LP data, and compliance protocols—allowing users to govern how autonomous agents interact with sensitive financial operations.
The move reflects a broader trend in enterprise SaaS: software providers serving capital-intensive sectors such as real estate, energy, and finance are increasingly embedding automation into their platforms, not as ancillary tools, but as core infrastructure.
What This Means for Private Markets
Juniper Square’s expansion into Luxembourg earlier this year marked its first major foray into cross-border fund administration. Combined with its new AI functionality, the company is now positioned to serve a global client base operating across multiple jurisdictions and asset classes.
Backers of the Series D round view Juniper Square’s vertical integration of data, workflows, and generative AI as a defensible competitive moat in a sector long overdue for digital transformation.
“The private markets have been underserved by traditional enterprise software,” said Nick Shalek, general partner at Ribbit Capital. “Juniper Square is uniquely positioned to lead the industry into an AI-native future.”
The capital injection comes amid growing pressure on GPs to manage operational complexity, deliver real-time reporting, and scale investor services in a market expected to top $60 trillion within the next decade.
As Robinson put it, “AI won’t replace fund managers—but GPs using AI will replace those who don’t.”
