Addepar, a California-based WealthTech company, has raised $230 million in a Series G funding round led by Vitruvian Partners and WestCap. The funds will support employee liquidity, R&D investment, and global expansion.
Addepar, a leading California-based WealthTech firm that provides technology and data solutions to investment professionals, has raised $230 million in a Series G funding round. This funding round values the company at $3.25 billion and was co-led by UK-based Vitruvian Partners and returning investor WestCap from New York. Additional participation came from 8VC, Valor Equity Partners, and Singapore’s EDBI.
Founded in the wake of the 2008 financial crisis, Addepar has become a pivotal player in investment management technology. The company’s platform supports over $7 trillion in assets managed across more than 1,200 client firms in 50 countries. Its clientele includes family offices, registered investment advisors (RIAs), major banks, institutional investors, and fund managers.
According to the firm, the bulk of the new capital will be directed toward providing liquidity to employees and early investors through a tender offer. A portion will also support ongoing investments in research and development and client services. Addepar currently invests over $100 million annually into R&D and aims to reach profitability by 2025.
CEO Eric Poirier emphasized that the funding round demonstrates strong investor confidence in Addepar’s long-term vision. “This investment aims to reward those who have contributed to our mission over the past 15 years and further solidify our ability to equip clients with cutting-edge tools and data to thrive in all market conditions,” said Poirier.
Vitruvian Partners’ Luuk Remmen noted the company’s leadership in the investment technology space and highlighted the firm’s commitment to helping accelerate Addepar’s growth and extend its innovations globally.
