Addepar, a wealth management-technology company, has just announced that it has closed a Series D funding round for more than $150 million at a valuation of $2 billion. This new capital injection brings the total amount of capital raised by the Silicon Valley-based Addepar to over $300 million since launch in 2009.
The latest financing round was led by Andreessen Horowitz and included new strategic investors such as USA Financial, Thinkormann and ClearSky. This funding is part of their 2022 goal to expand their technology offering and reach more clients globally.
This announcement comes shortly after Addepar’s May 2021 announcement that they had acquired Turnill Partners, an automated financial investment software company which allows users to design investment portfolios with user-selected investments like stocks, bonds and ETFs (Exchange Traded Funds). Their integration will significantly improve the wealth management process for their clients, who are large institutional asset holders and advisors managing hundreds of billions in net worth.
This influx of capital will put Addepar in a stronger position than ever as they seek to challenge incumbents across the sector with their cutting edge technology. The partnership with Turnill Partners is also expected to provide additional value to the company through its ability to offer customers access to advanced risk analytics capabilities using low-risk investments.
Addepar’s success indicates increasing demand for innovative technological solutions in wealth management as investors seek greater transparency when managing portfolios at scale. Adding strategic partners should help solidify this demand further as Addepar continues its growth trajectory into 2022 and beyond.
Addepar Confirms a $150 Million Investment at a $2 Billion Valuation
Addepar is a financial technology company that provides a platform to help investors, advisors, and family offices make better investment decisions.
The company has recently announced their latest investment round of $150 million, which values the company at $2 billion.
In this article, we’ll explore what the company does, how it came to be, and the main benefits of its platform.
Background of Addepar
Addepar is a financial technology company that provides digital asset management solutions to investors and their advisors. The company was founded in 2009 by Joe Lonsdale, who had previously co-founded Palantir Technologies and serves Addepar as its executive chairman. Addepar is headquartered in Menlo Park, California, and since its launch has grown to more than 500 employees with offices and facilities around the world.
Addepar powers investing with data, providing secure online portals for wealth managers to securely manage diverse global investments for their clients. As part of its mission to make investing even more secure and efficient, the company also offers financial planning and reporting systems for advisors who want to better serve their clients. Through an innovative combination of technology, analytics and advanced security protocols, Addepar allows investment advisors to provide more tailored advice with greater accuracy, ease and insight.
In January 2020, it was confirmed that the company had raised $150 million in a new round of funding at a $2 billion valuation. At the same time, Addepar announced plans to use a portion of the new funds to expand into new markets worldwide such as Europe as part of its ongoing international growth strategy. This significant investment will also enable the company to further develop its proprietary technology platform to support even more global clients.
Addepar’s products and services
Addepar is an industry leading financial data aggregation, reporting and analytics platform. The company’s software-as-a-service (SaaS) offerings include:
- Investment performance and risk management reporting.
- Client relationship management.
- Automated compliance auditing and data aggregation.
Addepar’s software enables investors to access their metrics from multiple sources through a single platform, streamlining financial recordkeeping, ensuring data integrity and speeding up the preparation of regulatory documents and other compliance activities.
Addepar also offers various services to help clients get the most out of their investments, including tax optimization assistance and insights on impact investing that cover topics such as social responsibility investing (SRI). Addepar’s technology is trusted by the world’s largest wealth management firms, providing market intelligence and transparency for institutional endowments, family offices and individual investors.
With offices in Silicon Valley (Mountain View) and NYC (New York), Addepar seeks to bring new levels of integration to the world of investment analytics.
Addepar’s Investment Round
Addepar recently announced their investment round along with their new valuation. The software company recently raised $150 million in investment at a valuation of $2 billion. This is a significant move as it brings significant capital to the company and marks a significant milestone in the growth of Addepar.
Read on to learn more about Addepar’s investment round.
Details of the investment round
Addepar, a wealth management technology firm, has today announced that it has secured $150 million in new funding at a valuation of $2 billion. The new capital came from existing investors 8VC and Valor Equity, who join Meritech Capital Partners, Tiger Global Management, and Iconiq Strategic Partners as previous backers. Addepar’s most recent fundraising round was for $140 million in 2017.
The new financing will help to bring Addepar’s total funding over the last four years to around $580 million. This latest pile of capital is said to be earmarked for expanding their enterprise software platform and help develop financial technology products designed to help their clients set out plans for long-term investment portfolios.
Addepar also said it will use the money to support its clients, who have an increasing number of retail investors accessing their services via other coming-of-age alternative investment firms like Wealthfront and Betterment.
Led by CEO Eric Poirier, Addepar is one of the leaders in the world of fintech software used by major hedge funds globally, serving crucial professional needs such as performance tracking and portfolio analysis across multiple asset classes and account forms. To date they have served more than 800 institutional investors across more than 9 trillion dollars worth of assets held within 16 countries since launching operations 12 years ago.
Investors involved
On March 9th, financial technology company Addepar confirmed a $150 million investment at a valuation of $2 billion.
This investment round was led by Singapore-based Temasek, with participation from existing investors including 8VC and Valor Equity Partners and several new investors. These included venture capital firm Iconiq Capital and hedge fund Viking Global Investors, LP (Viking). Additional investors involved in the funding round include Meritech Capital and MacRitchie Investments (MacRitchie).
Addepar has been backed by venture capitalists for a decade, including Ribbit Capital and Formation 8. The current investments bring the total amount of financing Addepar raised over its lifetime to more than $310 million. It is believed that the company seeks to use the proceeds of this funding round to drive global growth initiatives across its international operations.
The influx of new investors demonstrates strong faith in the mission of Addepar and its innovative wealth management platform which digitises clients’ portfolios across different asset classes and geographies. With this new injection of funds, Addepar will be able to continue developing valuable tools for its customers while expanding into innovative areas such as AI-driven insights into wealth management decisions.
Impact of the investment round
Addepar, the leading wealth management technology platform, recently announced that it had received a $150 million investment from existing and new investors resulting in a $2 billion pre-money valuation. This is an important milestone for Addepar as it continues to lead the FinTech sector.
The fresh capital injection is significant for Addepar’s long-term success and will help propel the company’s mission to revolutionise the wealth management industry. The additional funding will enable Addepar to continue development on their existing technology solutions and expand their team of financial advisors and engineers. It will also enable them to invest in strategic partnerships, marketing, customer service, innovation, and product development.
The investment round showcases investors’ faith in Addepar’s promise of revolutionising wealth management with cutting-edge technology solutions that drive smarter client decisions. With this surge in demand for digital solutions within financial services, this round reflects investor confidence in Addepar’s capabilities – not just for powering today’s largest wealth managers but also to respond swiftly to future customer needs.
Addepar’s Valuation
Addepar, an investment platform, recently confirmed a $150 million investment round at a $2 billion valuation. This large investment rounds up a lucrative year for Addepar, but what does this mean for the company?
In this article, we will look at what this large valuation means for Addepar and its investors.
Overview of Addepar’s valuation
Addepar is an investment management technology company that provides financial institutions with a software platform to aggregate, organise and analyse their data. In June 2020, Addepar confirmed an $150 million investment round led by Silver Lake Partners at a $2 billion valuation.
The capital injection will accelerate product innovation and the development of new products, including the launch of Addepar Corto, an institutional-grade trading platform for buyers and sellers of illiquid assets. This round brings the total amount raised across seven rounds by Addepar to just over $430 million from some of the leading venture capital firms in Silicon Valley like Benchmark, Formation 8 and NEA.
Since it was founded almost ten years ago, Addepar has grown rapidly across numerous asset classes and geographies, with over 7500 clients in over 70 countries. The firm provides data aggregation, performance reporting, and portfolio analysis tools to large asset managers, family offices and global banks. The new partnership with Silver Lake Partners demonstrates commitment from both parties in driving further innovation within the tech space moving forward.
Factors driving the valuation
The addition of the new funding is a testament to the potential of Addepar’s technology. The company is reportedly growing quickly and has recently partnered with major institutions such as Goldman Sachs, Merrill Lynch, and Pimco. The deal adds further credibility to the Silicon Valley-based financial services platform.
The investment round involved numerous investors including Formation 8, Wealthfront, Edge Capital Group, and Bessemer Venture Partners. These firms are highly respected in the venture capital industry and have helped shape many successful investments. All invested in Addepar’s financing round at the same $2 billion valuation.
Addepar’s business model focuses on a commitment to transparency – providing access to formative client data which companies can use to better manage their investments and budgets more effectively. This level of trust drives value as Adderpar demonstrates offering investors real-time control of every aspect of their portfolios’ performance – from high-level analytics to minute details related to individual transactions and performance metrics for specific asset classes or individual securities.
There is no doubt that Addepar’s innovative platform has massive potential for investment firms across industries worldwide – with investors from banking powerhouses such as Goldman Sachs along with multiple venture capitalists standing behind it confirms immense confidence in this cutting edge enterprise finance service hosted on a cloud-native deployment model delivering unprecedented simplicity in complexity for institutional clients and advisors alike – driving tremendous value at a resulting price tag worthy of such performance increasing features.
Impact of the valuation
Addepar’s investment round and valuation of $150 million at a $2 billion valuation signify a promising year for the financial technology startup. The announcement of the investment, led by Singapore-based bank DBS and with participation from existing investors including 8VC, Breyer Capital, and Valor Equity Partners, confirms the success of this 7-year-old-firm that provides account aggregation services to some of the world’s largest wealth managers.
The new capital will expand Addepar’s current range of integrated capabilities such as analytics, performance management services, data processing solutions and more that empower clients to measure and manage their entire enterprises easier than ever before. This will help Addepar realise its mission to develop innovative products that make it easier for financial institutions to connect with their investors while providing exceptional service.
With this new capital injection and favourable market conditions, Addepar is set to become one of the most influential fintech companies in 2020. With its unique combination of advanced technology, rich customer relationships and strategic partnerships, Addepar has all the pieces for another successful year ahead. As a reflection of this strong potential for growth, the company was valued at an impressive $2 billion in its latest investment round—confirming the success Addepar has achieved since its inception in 2013.
