Addepar, a Mountain View, Calif.-based technology platform for wealth management, raised $150m in Series F funding.
D1 Capital Partners made the investment at a pre-money valuation of $2 billion.
The company intends to use the funds to further accelerate growth, accelerating expansion of the business and workforce into new geographies and driving continued development of its platform.
Founded by Joe Lonsdale in 2009, Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for investment portfolios. The company’s platform aggregates portfolio, market and client data all in one place and provides asset owners and advisors a financial picture at every level, allowing them to manage investments and make more informed decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $2.7 trillion of assets on the company’s platform.
FinSMEs
16/06/2021