Daily Digest - November 23, 2019
Today the startup world today saw an investment management platform raise $75M and a digital home insurance company acquire a protective management services business.
Hippo Insurance acquires Sheltr
Hippo, a four-year-old digital home insurance company that has raised roughly $110 million, has acquired Sheltr, a platform for protective maintenance services for homeowners. The 1.5-year-old San Francisco based Sheltr has raised $3.2 million in venture funding to date from investors like Nyca Partners, MetaProp NYC, 122West Ventures, and South Park Commons. The financial terms of this deal weren’t disclosed.
Juniper Square raises $75M in Series C funding
The five-year-old investment management platform for commercial real estate, Juniper Square, has announced a $75 million Series C financing. The latest round brings the total amount raised to over $100 million. The round was led by Redpoint Ventures and saw participation from Felicis Ventures, Ribbit Capital, and Zigg Capital.
The company plans to use the funding to fuel its growth, which includes expanding to Austin. Juniper Square’s current customer base includes Endeavor, Thrive, Artesia Real Estate and PSW Real Estate among others. A part of this funding will be used to double its current workforce from 30 to 60 in 2020.
“With this latest round, Juniper Square is better able to seize the opportunity to change the status quo in a way that benefits both GPs and LPs 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 NYSE,” Co-founder and CEO Alex Robinson said in a statement.