Total amount raised
$531.4 Million
Latest funding date
6/1/2021
Location
Addepar has successfully raised funds over 8 rounds, with the latest being a Series G round. The company is backed by 22 investors, including Vitruvian Partners and WestCap.
Keep reading to explore the intricacies of Addepar's fundraising journey and the investors backing this innovative platform.
What Is Addepar?
Addepar, founded in Mountain View, California, operates in the financial services, fintech, SaaS, and software industries. The company specializes in managing complex investment portfolios through its multi-product software and data platform.
With a workforce of 1001-5000 employees, Addepar serves a diverse clientele, including wealth managers, family offices, private banks, and institutions. The platform manages over $8 trillion in assets across 50+ markets worldwide, offering features like portfolio trading, scenario modeling, and streamlined billing.
How Much Funding Has Addepar Raised?
- Series A
- Amount Raised: USD 1,100,000
- Date: April 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of its platform and establish a foothold in the market.
- Series B
- Amount Raised: USD 17,000,000
- Date: June 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market penetration.
- Series C
- Amount Raised: USD 50,000,000
- Date: May 2014
- Lead Investors: David O. Sacks, Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series D
- Amount Raised: USD 140,000,000
- Date: June 2017
- Lead Investors: 8VC, Harald McPike, Valor Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series Unknown
- Amount Raised: USD 40,000,000
- Date: March 2020
- Lead Investors: Laurence A. Tosi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and market expansion.
- Series E
- Amount Raised: USD 117,000,000
- Date: November 2020
- Lead Investors: WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and drive international growth.
- Series F
- Amount Raised: USD 166,262,336
- Date: June 2021
- Lead Investors: D1 Capital Partners
- Valuation at Round: USD 2,000,000,000
- Motivation Behind the Round: To accelerate growth, expand business and workforce into new geographies, and continue platform development.
- Series G
- Amount Raised: USD 230,000,000
- Date: May 2025
- Lead Investors: Vitruvian Partners, WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological capabilities.
Total Amount Raised: USD 761,362,336. Current Valuation: Not publicly disclosed.
Key Investors
- Vitruvian Partners
- Details: Vitruvian Partners is a leading international growth capital and buyout firm. They focus on dynamic situations characterized by rapid growth and change.
- Investment Focus Areas: Technology, financial services, healthcare, media.
- Notable Investments: Just Eat, Skyscanner, Farfetch.
- WestCap
- Details: WestCap is a growth equity firm that partners with visionary leaders to build generational companies. They provide strategic capital and operational expertise.
- Investment Focus Areas: Technology, financial services, real estate.
- Notable Investments: Airbnb, iCapital Network, Hopper.
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that operates across public and private markets. Founded by Daniel Sundheim, the firm combines the talent and operational excellence of a large asset management firm with the flexible mandate and long-term time horizon of a family office.
- Investment Focus Areas: Technology, healthcare, financial services, industrial, real estate.
- Notable Investments: Stripe, SpaceX, Robinhood.
- 8VC
- Details: 8VC is a venture capital firm that invests in transformative technologies. They aim to partner with entrepreneurs who are building the future.
- Investment Focus Areas: Technology, healthcare, logistics.
- Notable Investments: Palantir, Wish, Guardant Health.
- Valor Equity Partners
- Details: Valor Equity Partners is a growth equity firm that partners with companies at various stages of growth. They focus on operational excellence and long-term value creation.
- Investment Focus Areas: Technology, consumer, industrial.
- Notable Investments: Tesla, SpaceX, GoPuff.
What's Next for Addepar?
Addepar stands at the cusp of significant growth opportunities, driven by its robust platform and the increasing demand for comprehensive financial management tools. With a focus on expanding into new geographies and enhancing its platform capabilities, the company is well-positioned to tap into the $225 trillion global investable assets market. This expansion could significantly increase its client base and assets under management, further solidifying its market presence.
Future fundraising efforts are likely to support these ambitious growth plans. The recent successful funding rounds indicate strong investor confidence, suggesting that additional capital could be raised to fuel further expansion and development. However, Addepar will need to navigate challenges such as competition from other wealth management platforms and regulatory hurdles in different markets. Maintaining data security and privacy will also be crucial as the platform scales.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Addepar and gather other critical business insights.
Sign up for free to start unlocking valuable information that can drive your sales strategy and business growth.
