Wealth management platform Addepar has raised $150m from D1 Capital Partners at a pre-money valuation of $2bn as part of its Series F financing round.

The company said it will use the money to support the growth and development of its platform as it looks to expand its business and workforce into new geographies.

The company

Established by Joe Lonsdale in 2009, Addepar claims to bring together ‘elite technology culture and platform-based approach with a client-centric mindset’.

With $2.7 trillion in client assets on its platform, the company is said cater to more than 600 family offices, RIAs, private banks and large financial institutions in over 25 countries.

Last year, Addepar launched Marketplace, a new application within its platform, to enable clients to view and assess a range of offerings and digitally initiate transactions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

It also introduced the Investor Sentiment Index, which utilises aggregated and anonymised data across over 10,000 portfolios with minimum $10m to offer timely insights to users.

In January, Addepar launched Navigator following its takeover of Real Capital Innovation.

Navigator is designed to help clients codify cash flow, liquidity, and tax projections, and refine pacing models among other ex ante capabilities.

Both Marketplace and Navigator complement Addepar’s data aggregation, management and analysis capabilities and are available to Addepar’s software clients as additional offerings.

In 2017, Morgan Stanley partnered with Addepar to enable its Private Wealth Management teams to offer differentiated service to HNW clients.

Previous fundraises

Last November, Addepar raised $117m in a Series E financing round to support its expansion plans.

The fundraising was led by growth equity firm WestCap Group, which earlier invested $40m in the firm.

The round took the total capital raised by the firm to $325m.


Addepar CEO Eric Poirier said the new investment underscores the trajectory and strength of Addepar’s business.

D1 Capital Partners principal Prateek Bhide said: “Addepar has built a world-class wealth management platform and has demonstrated an ability to service some of the industry’s most demanding clients.

“Addepar has a unique opportunity to rapidly expand the platform to address the $225trn in investable assets around the world. We look forward to partnering with them on this journey.”

Lonsdale added: “This is a rare company where the second decade is much more exciting than the first – Addepar will continue to grow at a high rate for a long time, and will be a much more impactful platform than people yet realise, as a key part of the global financial infrastructure.”