Key US WealthTech investment stats in Q2 2025:
- US WealthTech deal activity rose by 38% QoQ
- New York firms secured over a quarter all deals as the state emerged to be the main US WealthTech hub in Q2
- Juniper Square, a Californian-based WealthTech specialising in software solutions for private markets, secured $130m in a Series D round, making it one of the biggest US WealthTech deals for the quarter
US WealthTech deal activity rose by 38% QoQ
In Q2 2025, the US WealthTech industry recorded 91 funding rounds, a slight 2% increase from the 89 deals completed in Q2 2024.
Companies in the sector raised $1.2bn, representing a 7% decline compared with the $1.3bn raised in Q2 2024.
However, relative to Q1 2025, the market showed a strong rebound, with funding more than doubling by 2.3x from $518m, while deal activity rose by 38% from 66 rounds.
This indicates that while overall investment remained below last year’s levels, investor sentiment has begun to recover in 2025.
New York firms secured over a quarter all deals as the state emerged to be the main US WealthTech hub in Q2
New York was the most active state in Q2 2025, completing 25 deals (27% share), a 47% increase from the 17 deals recorded in Q2 2024.
California followed with 19 deals (21% share), though this represented a 27% decline from the 26 deals in the same quarter last year.
Connecticut entered the top three with six deals (7% share), replacing Virginia, which had five deals (6% share) in Q2 2024.
Despite California’s decline, New York expanded its relative share, highlighting a shift in activity towards the East Coast in the WealthTech sector.
Juniper Square, a Californian-based WealthTech specialising in software solutions for private markets, secured $130m in a Series D round, making it one of the biggest US WealthTech deals for the quarter
The round was led by Ribbit Capital, with backing from investors including Fifth Wall, Blue Owl Capital, and Redpoint Ventures, the raise values the firm at $1.1bn and underscores growing investor appetite for digital infrastructure serving private equity and real estate managers.
Founded in 2014, Juniper Square offers a comprehensive suite of tools spanning fundraising, investor reporting, and fund administration, tailored to the complex operational needs of GPs.
This funding follows the firm’s recent expansion into Luxembourg and supports the development of JunieAI, an enterprise-grade AI platform built to enhance private market workflows.
By embedding agentic AI into fund operations—from investor communications to portfolio oversight—Juniper Square is positioned at the forefront of digitising and automating private markets, a sector experiencing rising demand from both institutional and retail investors.
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