Addepar, a Mountain View, CA-based operating system for the financial sector, closed a $140m Series D funding.
The round was co-led by Valor Equity Partners, 8VC, and QuantRes founder Harald McPike.
The company intends to use the funds to continue investing in R&D, expanding its product, platform and tech-enabled services.
Founded in 2009 by Joe Lonsdale, co-founder of Addepar and Palantir Technologies and partner at 8VC, and led by Eric Poirier, CEO, Addepar provides a financial operating system that gives asset owners and advisors a clear financial picture at every level, all in one place, handling all types of assets denominated in any currency. With customizable reporting, financial advisors can visualize and communicate relevant information to anyone who needs it. Hundreds of single and multi-family offices, wealth advisors, large financial institutions, endowments, and foundations manage over $650 billion in assets on the platform.
The company, which also has offices in New York, Salt Lake City, and Chicago, also offers an API and numerous integrations, which now includes Salesforce Financial Services Cloud, FolioDynamix, iCapital Network, Citco Fund Services, RedBlack Software, Blaze Portfolio, Quovo, Morningstar and BaySys Technologies.