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Addepar Raises $230 Million in Series G Funding

Addepar, a pioneering global technology and data platform for investment professionals, has announced a significant milestone by successfully closing a Series G investment round, raising $230 million. This round elevates the company’s valuation to $3.25 billion. The investment was co-led by Vitruvian Partners, based in London, and returning investor WestCap, with additional support from 8VC, Valor Equity Partners, and a new participant, EDBI.

Since its inception, Addepar has become instrumental in helping investment professionals make informed, data-driven decisions. With over $7 trillion in client assets managed on its platform—up from $5 trillion just last year—Addepar's reach has significantly expanded. The platform supports more than 1,200 client firms across 50 countries, notably among single-family offices, registered investment advisors (RIAs), large banks, and institutional asset managers.

A Commitment to Innovation

CEO Eric Poirier emphasized that the funding reflects the deep trust investors have in Addepar's mission and the value delivered to clients. “Our focus has always been to build a unified platform equipped with advanced technology and actionable insights,” Poirier stated. This commitment to innovation is further emphasized by Addepar’s annual investment of over $100 million in research and development.

The latest financial boost will allow the company to provide liquidity to employees and existing investors via a tender offer, enabling them to realize the rewards of their contributions. Moreover, the capital will expedite advancements in client capabilities and support the creation of differentiated value within a highly competitive market.

A Leader in the Financial Landscape

Addepar is known for its robust technology which empowers investment managers, especially during market fluctuations. The firm has successfully maintained high client satisfaction and revenue growth, serving hundreds of thousands of users globally. With this funding, Addepar aims to expand its global footprint while redefining investment management practices worldwide.

Prominent industry investors have shared positive feedback regarding Addepar’s capabilities. Luuk Remmen, a partner at Vitruvian Partners, stated, “Addepar has established itself as a category leader in investment technology with measurable global impact.” Jaime Hildreth, also a board member at Addepar, echoed this sentiment, affirming their commitment to furthering the firm’s innovative edge.

Responding to Market Challenges

In the face of economic turbulence, Addepar is strategically positioned to enhance its offerings and overall impact. By enabling clients to navigate uncertainties more effectively, the platform is redefining how investment decisions are made. Joe Lonsdale, co-founder of Addepar, remarked, “This funding milestone reflects not only the market’s confidence in our vision but also our strategic direction as we continue to innovate.”

The insights gleaned through Addepar's platform provide crucial data-driven intelligence to investment professionals, enabling them to act with confidence in volatile markets. Addepar remains steadfast in its mission to empower firms with the tools necessary for effective investment management—serving clients with clarity and precision.

Conclusion

As Addepar celebrates this latest round of funding, the company is not just looking to expand but is determined to empower investment professionals worldwide. The financial backing will serve as a catalyst for further innovation and strategic growth, ensuring that clients are equipped to face any market conditions. Addepar’s evolution reflects a broader shift in wealth management as it continues to redefine the investment landscape amidst growing competition and market challenges.