#USA #New York #Investment Platform #Addepar #Funding Round

Addepar Secures $230 Million in Series G Funding

In a significant stride for the financial technology sector, Addepar has successfully raised $230 million in its Series G funding round, resulting in a valuation of $3.25 billion. This funding round has been co-led by two robust partners: Vitruvian Partners, based in London, and WestCap, a New York-based investor known for its strategic insights. Long-standing partners such as 8VC and Valor Equity Partners also participated, alongside new investor EDBI from Singapore.

Addepar's platform is now being utilized for the management of over $7 billion in assets, a significant increase from $5 billion just one year ago. This remarkable growth highlights the effectiveness of Addepar's data-driven solutions, which are designed for investment professionals navigating the complexities of wealth management. On average, Addepar adds more than $25 billion in new assets each week, serving over 1,200 client businesses across more than 50 countries.

The CEO of Addepar, Eric Poirier, expressed confidence in the company's future, stating, > "This round reflects our investors' trust in our mission and the exceptional value we provide to our clients. From day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, accurate data, and actionable insights necessary for exceptional results in today’s rapidly shifting financial landscape.”

Commitment to Innovation and Client Service

Addepar's commitment to innovation is robust, with a continued investment of over $100 million annually in research and development, targeting profitability by 2025. The upcoming Series G funds will primarily allow for liquidity to employees and other investors through a buyback offer, enabling them to realize the value of their contributions. Furthermore, this capital will facilitate accelerated investments in innovating customer capabilities, ultimately empowering businesses to differentiate themselves in an increasingly competitive market.

As a leader in wealth management technology, Addepar has become synonymous with providing substantial value, particularly during times of market volatility. Partners like Luuk Remmen from Vitruvian Partners and Jaime Hildreth from WestCap have noted the importance of Addepar's mission, affirming their commitment to supporting the company's journey towards transforming investment management.

Background and Market Position

Founded in the wake of the 2008 global financial crisis, Addepar's mission has remained steadfast: to deliver top-notch data, technology, and insight to investment professionals. The company is forging a new standard within the wealth management and investment space, helping to navigate complexity and deliver precision in decision-making. With hundreds of thousands of users relying on its platform, Addepar brings together data from portfolios, markets, and clients to manage substantial assets effectively.

Notably, Addepar has built partnerships with over 100 software, data, and service providers, delivering comprehensive solutions suitable for a diverse range of business needs and use cases. With a presence across major cities including Silicon Valley, New York City, and London, Addepar is steering the path toward an integrated approach to investment management.

As it continues to expand, Addepar is set to make a lasting impact in the global markets, striving to enable organizations to act with improved clarity and confidence. With its eyes on innovation and growth, Addepar is uniquely positioned to navigate the ever-evolving financial landscape and capitalize on the opportunities it presents.

Addepar’s ongoing success and growth trajectory underscore the increasing importance of technological solutions in investment management, setting a precedent for excellence and comprehensive support for investment professionals worldwide.