Addepar Raises $230M to Fuel Wealth Management Platform
Addepar, a New York-based global wealth management technology and data platform, has closed a $230 million Series G funding round, co-led by Vitruvian Partners and returning investor WestCap, with participation from 8VC, Valor Equity Partners, and new investor EDBI, part of SG Growth Capital under the Singapore Economic Development Board and Enterprise Singapore.
Serving single-family offices, RIAs, large banks, institutional asset owners, and alternative fund managers, Addepar’s platform manages and advises on over $7 trillion in client assets, up from $5 trillion last year. The firm adds an average of $25 billion in new assets weekly and supports more than 1,200 client firms across 50+ countries.
Addepar invests over $100 million annually in research and development and is on track to achieve profitability in 2025. The Series G proceeds will primarily fund a tender offer to provide liquidity for employees and investors, while also accelerating investments in innovation and enhanced client capabilities.
“Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights—essential tools for achieving extraordinary outcomes in today’s rapidly evolving financial landscape,” said Eric Poirier, CEO at Addepar.