What does Addepar do?
Addepar is a global technology and data platform provider that aggregates portfolio, market, and client data to help investment professionals make data-driven decisions. Its open platform integrates with more than 100 software, data, and service partners, serving clients in over 50 countries.
How much did they raise?
The company raised $230M in Series G funding at a valuation of $3.25B. The round was led by Vitruvian Partners and WestCap, with additional participation from 8VC, Valor Equity Partners, and EDBI.
What are their plans for the money?
With the new funds, Addepar plans to provide liquidity to employees and other investors through a tender offer, enabling them to realize the value of their contributions. This capital boost is expected to further strengthen their technological platform and global market presence.
What have they achieved so far?
Addepar has already made significant strides by managing over $7 trillion in assets and establishing a strong presence in the global financial industry with offices in key cities such as Silicon Valley, New York City, London, and more.
