Addepar Raises $230M in Series G Funding to Accelerate Global Investment Platform Expansion
Addepar, a leading technology and data platform for investment professionals, has successfully secured a substantial US$230 million Series G funding round. This funding marks a significant milestone in the company’s journey, underscoring its commitment to delivering exceptional value to its clients.
Funding Details and Key Investors
The latest funding round was co-led by Vitruvian Partners, a London-based investment firm, alongside returning investors such as WestCap from New York. Notable participants included:
- 8VC
- Valor Equity Partners
- EDBI through SG Growth Capital, representing the Singapore Economic Development Board and Enterprise Singapore
Client Growth and Asset Management
Addepar’s platform is now utilized to manage and advise on more than US$7 trillion in assets, a significant increase from US$5 trillion just a year ago. The company adds over US$25 billion in new assets weekly, servicing more than 1,200 client firms across over 50 countries.
Clients range from single-family offices and registered investment advisers to large banks and institutional asset owners, highlighting the platform’s versatility and wide appeal.
CEO Insights on Investment and Future Goals
Eric Poirier, the CEO of Addepar, stated, “This investment round reflects the deep trust our investors have in our mission and the exceptional value we consistently deliver to our clients.” He emphasized the company’s focus on building a unified platform equipped with advanced technology, precise data, and actionable insights tailored for today’s rapidly evolving financial landscape.
Investment in Innovation and Growth
Headquartered in Mountain View, California, Addepar allocates over US$100 million annually towards research and development. The company aims to achieve profitability by 2025. The proceeds from the Series G funding will primarily provide liquidity to employees and existing investors through a tender offer. Remaining funds will be directed towards:
- Enhancing product innovation
- Expanding client capabilities
Commitment to Client Success Amid Market Challenges
In a time of economic uncertainty and market turbulence, Addepar is dedicated to evolving its platform to help clients manage risk effectively and deliver value with greater speed and accuracy. The company continues to report strong revenue growth, high client retention rates, and ongoing product development, reinforcing its position as a crucial partner for investment professionals.
For more information about Addepar and its services, visit their official website at Addepar.
