Latest news with #RibbitCapital
Yahoo
3 days ago
- Business
- Yahoo
Multiplier Holdings launches with $27.5m
Multiplier Holdings, a technology company focused on building AI-native professional services firms, has publicly launched with $27.5m in Seed and Series A funding. The Series A round was led by Lightspeed Venture Partners, with participation from Ribbit Capital, which led the Seed round, alongside EDBI and SV Angel. The company acquires specialised professional services firms, such as tax and accounting practices, and integrates custom AI solutions to enhance scalability and profitability. Multiplier said its in-house library of AI and workflow components is tailored to each acquired firm's needs, automating time-consuming tasks to boost efficiency, productivity, and growth while improving client and employee experiences. Justin Overdorff Partner at Lightspeed Venture Partners said: 'Vertical SaaS might not be the best path to modernise an industry. 'Building an AI-native professional services platform from the ground up creates the most technological leverage and captures more incentive alignment between domain and technology experts than traditional SaaS. 'The Multiplier approach—an AI-first software company acquiring existing service firms to compete directly in the services business by using proprietary technology—allows us to elevate the client and staff experience in a radical way.' As a long-term owner, Multiplier embeds its technology directly into the firms it acquires, offering technical support and developing customised AI-driven solutions alongside staff. In its first eight months, Multiplier's AI-powered platform enabled Citrine International Tax to increase cash flows by approximately 2.5 times and reduce manual work significantly. Performance bonuses were shared with staff, while clients received enhanced services. Multiplier Holdings CEO and former Stripe executive Noah Pepper said: 'We believe the market will reward players who compete on technology-enabled client service through an integrated platform of people and tech. 'While our portfolio firms maintain operational independence, we align incentives across all stakeholders—from Multiplier leadership to firm leaders and staff—creating hybrid technology firms with exceptional client service, automation, and quality that traditional firms using off-the-shelf AI solutions simply cannot match.' "Multiplier Holdings launches with $27.5m" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
National Post
4 days ago
- Business
- National Post
Multiplier Holdings Launches With $27.5 Million in Funding to Accelerate the AI Journey for Professional Services Firms
Article content Funding led by Lightspeed Venture Partners will help Multiplier acquire high-growth firms to improve client experience, growth, and productivity with AI Article content SINGAPORE — Today, Multiplier Holdings, a technology company building AI-native professional services firms, publicly launched with $27.5 million in Seed and Series A funding. The Series A round was led by Lightspeed Venture Partners with participation from Ribbit Capital (led the Seed), EDBI, and SV Angel. Multiplier is helping to overcome the AI adoption hurdle by acquiring specialized professional services firms and integrating custom AI automation to deliver better results for clients, drive efficiency and fuel growth. Article content Globally, the professional services market is valued at over $6 trillion, and is projected to grow significantly in the coming years (e.g., tax advisory services are forecasted to grow at 11.2% CAGR). Tax, accounting, specialized advisory and other high-stakes professional services firms face more demand than they can supply with a declining workforce, alongside high labor costs and legacy technologies. Article content Multiplier acquires ambitious boutique services firms, onboards them to its AI-driven practice management platform, and then iteratively and diligently works with the firms' domain experts to uplevel the client experience and improve the scalability of the business. Article content 'Vertical SaaS might not be the best path to modernize an industry. Building an AI-native professional services platform from the ground up creates the most technological leverage and captures more incentive alignment between domain and technology experts than traditional SaaS,' said Justin Overdorff, Partner at Lightspeed Venture Partners. 'The Multiplier approach—an AI-first software company acquiring existing service firms to compete directly in the services business by using proprietary technology—allows us to elevate the client and staff experience in a radical way. As it scales, Multiplier can become the preferred buyer in these categories by underwriting the largest and most repeatable post-acquisition improvements to the business while ensuring firm owners and staff participate in the upside.' Article content Multiplier partners with the firms it owns to directly embed its technology, iteratively developing new features and offering hands-on technical support as a long-term owner, working alongside the firm's staff to create customized AI-driven solutions to fit the exact needs of each specialized firm. This approach enables Multiplier to build customizable solutions to automate critical but time-consuming tasks and free up time to deliver better outcomes for clients. Article content 'We believe the market will reward players who compete on technology-enabled client service through an integrated platform of people and tech. While our portfolio firms maintain operational independence, we align incentives across all stakeholders—from Multiplier leadership to firm leaders and staff—creating hybrid technology firms with exceptional client service, automation, and quality that traditional firms using off-the-shelf AI solutions simply cannot match,' said Noah Pepper, CEO of Multiplier Holdings and former Stripe executive. Article content The model is working. Within the first eight months since starting their tech build-out, Multiplier's AI-powered platform helped Citrine International Tax multiply cash flows by approximately 2.5 times and eliminate large swaths of highly manual work. A significant portion of this lift was shared back with the staff of the firm in the form of performance bonuses while delivering enhanced service to clients. Article content 'When Noah approached us, we saw Multiplier as a unique opportunity to become part of a technology firm and deliver a truly differentiated level of client service– all while growing the business together,' said Gregory Trotman, founder of Citrine International Tax. 'The Multiplier team immersed themselves in our workflows, built a custom end-to-end technology platform and worked with our staff to streamline everything from client onboarding to billing, resulting in a huge lift in productivity.' Article content Clients are noticing the impact of the technology too: 'Citrine has been a major upgrade compared to prior firms we used. Emily, our advisor at Citrine, is more responsive and easier to work with, and the tools she's using help us gain clarity and confidence about where our return is in the workflow – and rapidly confirm when things have been submitted to the authorities,' said Keith Robinson, an American technology investor and former C-level executive living in London who became a Citrine client in the last year. Article content About Lightspeed Venture Partners Article content Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in AI, Enterprise, Consumer, Health, and Fintech. Over the past 25 years, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Abridge, Affirm, Anthropic, Cato Networks, Epic Games, Glean, Mistral, Moveworks, Navan, Netskope, Rubrik, Snap, Wiz, and more. Lightspeed and its global team currently manage over $30B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. About Multiplier Holdings Multiplier Holdings scales high-impact professional services firms through the power of AI. Multiplier's unique model entails acquiring professional services firms, like specialized tax and accounting practices, and transforming them into more scalable, profitable businesses by systematically integrating custom AI solutions. Multiplier holds a library of AI and workflow components developed in-house that can be configured to fit the needs of each acquired firm. This allows Multiplier to automate critical, time-consuming tasks to increase firm efficiency and productivity and drive growth, while improving both the customer and employee experience. To learn more, visit Article content Article content
Yahoo
4 days ago
- Business
- Yahoo
Multiplier Holdings Launches With $27.5 Million in Funding to Accelerate the AI Journey for Professional Services Firms
Funding led by Lightspeed Venture Partners will help Multiplier acquire high-growth firms to improve client experience, growth, and productivity with AI SINGAPORE, June 18, 2025--(BUSINESS WIRE)--Today, Multiplier Holdings, a technology company building AI-native professional services firms, publicly launched with $27.5 million in Seed and Series A funding. The Series A round was led by Lightspeed Venture Partners with participation from Ribbit Capital (led the Seed), EDBI, and SV Angel. Multiplier is helping to overcome the AI adoption hurdle by acquiring specialized professional services firms and integrating custom AI automation to deliver better results for clients, drive efficiency and fuel growth. Globally, the professional services market is valued at over $6 trillion, and is projected to grow significantly in the coming years (e.g., tax advisory services are forecasted to grow at 11.2% CAGR). Tax, accounting, specialized advisory and other high-stakes professional services firms face more demand than they can supply with a declining workforce, alongside high labor costs and legacy technologies. Multiplier acquires ambitious boutique services firms, onboards them to its AI-driven practice management platform, and then iteratively and diligently works with the firms' domain experts to uplevel the client experience and improve the scalability of the business. "Vertical SaaS might not be the best path to modernize an industry. Building an AI-native professional services platform from the ground up creates the most technological leverage and captures more incentive alignment between domain and technology experts than traditional SaaS," said Justin Overdorff, Partner at Lightspeed Venture Partners. "The Multiplier approach—an AI-first software company acquiring existing service firms to compete directly in the services business by using proprietary technology—allows us to elevate the client and staff experience in a radical way. As it scales, Multiplier can become the preferred buyer in these categories by underwriting the largest and most repeatable post-acquisition improvements to the business while ensuring firm owners and staff participate in the upside." Multiplier partners with the firms it owns to directly embed its technology, iteratively developing new features and offering hands-on technical support as a long-term owner, working alongside the firm's staff to create customized AI-driven solutions to fit the exact needs of each specialized firm. This approach enables Multiplier to build customizable solutions to automate critical but time-consuming tasks and free up time to deliver better outcomes for clients. "We believe the market will reward players who compete on technology-enabled client service through an integrated platform of people and tech. While our portfolio firms maintain operational independence, we align incentives across all stakeholders—from Multiplier leadership to firm leaders and staff—creating hybrid technology firms with exceptional client service, automation, and quality that traditional firms using off-the-shelf AI solutions simply cannot match," said Noah Pepper, CEO of Multiplier Holdings and former Stripe executive. The model is working. Within the first eight months since starting their tech build-out, Multiplier's AI-powered platform helped Citrine International Tax multiply cash flows by approximately 2.5 times and eliminate large swaths of highly manual work. A significant portion of this lift was shared back with the staff of the firm in the form of performance bonuses while delivering enhanced service to clients. "When Noah approached us, we saw Multiplier as a unique opportunity to become part of a technology firm and deliver a truly differentiated level of client service– all while growing the business together," said Gregory Trotman, founder of Citrine International Tax. "The Multiplier team immersed themselves in our workflows, built a custom end-to-end technology platform and worked with our staff to streamline everything from client onboarding to billing, resulting in a huge lift in productivity." Clients are noticing the impact of the technology too: "Citrine has been a major upgrade compared to prior firms we used. Emily, our advisor at Citrine, is more responsive and easier to work with, and the tools she's using help us gain clarity and confidence about where our return is in the workflow - and rapidly confirm when things have been submitted to the authorities," said Keith Robinson, an American technology investor and former C-level executive living in London who became a Citrine client in the last year. About Lightspeed Venture Partners Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in AI, Enterprise, Consumer, Health, and Fintech. Over the past 25 years, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Abridge, Affirm, Anthropic, Cato Networks, Epic Games, Glean, Mistral, Moveworks, Navan, Netskope, Rubrik, Snap, Wiz, and more. Lightspeed and its global team currently manage over $30B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. About Multiplier Holdings Multiplier Holdings scales high-impact professional services firms through the power of AI. Multiplier's unique model entails acquiring professional services firms, like specialized tax and accounting practices, and transforming them into more scalable, profitable businesses by systematically integrating custom AI solutions. Multiplier holds a library of AI and workflow components developed in-house that can be configured to fit the needs of each acquired firm. This allows Multiplier to automate critical, time-consuming tasks to increase firm efficiency and productivity and drive growth, while improving both the customer and employee experience. To learn more, visit View source version on Contacts For press inquiries contact Chelsea Corona ccorona@ Sign in to access your portfolio
Finextra
4 days ago
- Business
- Finextra
Juniper Square completes $130 million Series D
Juniper Square, the pioneer of connected fund software and services for private markets, today announced it closed its Series D round and secured $130 million in new funding led by Ribbit Capital, with significant strategic investment from Fifth Wall, and additional participation from Redpoint Ventures, HighSage Ventures, Blue Owl Capital and others. 0 Juniper Square will use the capital to accelerate investment in JunieAI—the first enterprise-grade AI built specifically for the needs of private markets GPs. JunieAI combines the power of modern large language models (LLMs) with critical enabling components—Juniper Square's fund system of record for GPs and LPs, a scaled data model, comprehensive workflows coupled with managed services, industry integrations, and robust measures for security, control, and permissioning—to help GPs move faster, work smarter, and operate more efficiently. Juniper Square announces $130 million Series D financing round and the launch of JunieAI As an agentic AI platform, JunieAI provides: Agents supporting the work of investor relations, fund administration, portfolio management, and investment decisions Model-agnostic orchestration across agents, tools, workflows, and systems Precision tools for the accuracy demands of accounting and reporting, fused with the ease of use and power of generative AI Secure, enterprise-grade permissioning and control Deep domain expertise in private markets AI workflows wrapped with full service solutions Unified structured and unstructured data—including from emails and documents Seamless integration with existing GP tools Fine-grained agent governance, empowering GPs to define how AI agents behave, respond, and defer across use cases "The private markets are undergoing a once-in-a-generation transformation driven by two tsunamis of change: the rise of the retail investor and the breakthrough potential of AI," says Alex Robinson, CEO and Co-Founder at Juniper Square. "Our mission is to equip GPs with the technology and services they need to thrive in this new era. With JunieAI, we're helping our customers stay ahead—turning disruption into opportunity across every facet of work inside of the modern GP." "Juniper Square is uniquely positioned to lead the private markets into the AI era," says Nick Shalek, General Partner at Ribbit Capital. "Few companies have the combination of enterprise-grade trust, enabling infrastructure, deep domain expertise, and structured data at scale that Juniper Square brings to bear. With JunieAI, they're harnessing these strengths to build AI solutions that are purpose-built for private markets—not just bolted on. We're thrilled to support Juniper Square as it sets the standard for how this industry will evolve." This fundraise follows a period of rapid growth for Juniper Square including >100% 3-year CAGR in its fund administration business, which today manages over 2,000 fund entities globally across an extensive range of strategies and complex fund structures. Growth has been especially strong in the private equity and venture capital verticals, which now represent four of the five largest customers by revenue. In May, Juniper Square expanded into Luxembourg, unlocking integrated fund administration and efficient cross-border operations for private markets GPs at a global scale. "Juniper Square stands out as a frontrunner to lead the private markets as the world moves toward an AI-driven future," says Jay Maher, Global Chief Operating Officer at H.I.G. Capital. "Juniper Square's focus on AI innovation will deliver transformative benefits across the industry—empowering organizations to better serve investors and drive long-term growth." Over the past decade, Juniper Square has built the connected infrastructure that powers private markets, helping make the industry more efficient, transparent, and accessible. With retail investors reshaping the landscape and the market on track to exceed $60 trillion within a decade, GPs need innovations like JunieAI to keep pace and capture new opportunities.
Bloomberg
6 days ago
- Business
- Bloomberg
Unicorn Juniper Square Sells Picks and Shovels of Private Market Boom
Venture capitalists are betting on a product that's close to their hearts: software for venture capitalists. Juniper Square Inc., a software provider for VCs and other private investors, has raised $130 million in a deal that values the company at $1.1 billion. The new funding round, which the company plans to announce Monday, was led by Ribbit Capital, with participation from Fifth Wall, Redpoint Ventures and others. The cash infusion will go toward expansion, and building out the startup's artificial intelligence capabilities.
