Addepar, a Mountain View, CA-based financial technology platform for the investment management industry, raised $50m in Series C financing.
The round was led by Yammer founder and former PayPal COO David O. Sacks and Valor Equity Partners, with participation from Formation 8 Partners, Stanley Druckenmiller and Harrison LeFrak.
The company, which has now raised $66m, will use the funds to accelerate its growth.
Started by Joe Lonsdale and led by Chief Executive Officer Eric Poirier, Addepar provides an interactive investment analysis and reporting technology on a comprehensive financial data platform. Its data aggregation framework directly integrates with both internal systems and external institutions.
Clients include family offices, registered investment advisors (RIAs), foundations and endowments, global advisories, banks, financial services firms and wire houses.
The company is hiring.
FinSMEs
13/05/2014