#USA #New York #investment technology #Addepar #Series G

Addepar Secures $230 Million in Series G Funding

Addepar, a leading global data and technology platform used by investment professionals, recently announced that it has successfully raised $230 million in its Series G funding round, bringing its valuation to an impressive $3.25 billion. Co-led by Vitruvian Partners from London and WestCap from New York, with additional contributions from 8VC, Valor Equity Partners, and new investor EDBI, this financing underscores the strong demand for advanced investment technology.

Since its founding in response to the financial crisis of 2008, Addepar has become an essential tool for professionals managing over $7 trillion in assets—up from $5 trillion just a year ago. With over 1,200 clients in more than 50 countries, it has quickly established itself as the preferred platform for family offices, registered investment advisors (RIAs), large banks, and alternative asset managers.

Eric Poirier, CEO of Addepar, stated, “This funding round reflects the deep trust our investors place in our mission and the exceptional value we continuously offer our clients. From day one, we focused on building a unified platform that empowers investment professionals with advanced technology and data insights essential for remarkable outcomes in today’s changing financial landscape.”

Innovation and Growth

Addepar has been integrating an average of $25 billion in new assets each week, showcasing its significant influence in asset management. As the company continues to invest more than $100 million annually in research and development, it is poised to reach profitability by 2025. The capital raised in this latest funding round will primarily be directed towards providing liquidity for employees and early investors through a buyout offer while accelerating investments in innovation and enhancing client capabilities.

Both Vitruvian Partners and WestCap expressed their commitment to supporting Addepar’s growth.
“Addepar has established itself as a leader in its category of investment technology, with a strong track record of innovation and measurable global impact,” said Luuk Remmen, a partner at Vitruvian Partners. “We are proud to provide more than just capital; we are offering strategic insights to help accelerate the next phase of global growth for Addepar.”

Jaime Hildreth from WestCap echoed this sentiment, emphasizing the relevance of Addepar’s solutions in revolutionizing the wealth management ecosystem. “We acknowledged the vision from Eric and the Addepar team early on, and we will continue to collaborate to build and pioneer the future of investment management,” he noted.

A Stalwart in Changing Times

In a market characterized by volatility and economic uncertainty, Addepar is strategically positioned to enhance its focus on innovation, expanding its platform to assist customers in managing risks and delivering differentiated value to their clients swiftly and effectively.
“Addepar is constructing the global operating system for investment professionals, interlinking data, insights, and actions in a powerful platform,” stated Joe Lonsdale from 8VC. He further added that this funding milestone reflects the market's conviction in Addepar's vision and the strength of the team driving it.

With a unique model that adapts to a dynamic workforce, Addepar maintains a flexible global presence with offices in Silicon Valley, New York, Salt Lake City, Chicago, London, Edinburgh, Pune, and Dubai. This broad geographic reach enables the company to engage with clients worldwide effectively.

As Addepar continues to evolve, it remains dedicated to making a significant impact in the global markets, empowering organizations to operate with clarity and confidence in an increasingly complex investment environment.