Addepar Confirms a $150 Million Investment at a $2 Billion Valuation – Addepar, the leading global platform for investor data management, has confirmed a $150 million investment round. This brings the company’s total valuation to $2 billion and marks a major milestone in the growth of the company. This latest investment will allow Addepar to continue to build its platform and expand its suite of products and services.
Addepar Confirms $150 Million Investment at $2 Billion Valuation
Addepar, a financial technology company, has confirmed a $150 million investment at a $2 billion valuation. The round was led by new investor Andreessen Horowitz, with existing investors also participating.
The investment will be used to accelerate Addepar’s growth and develop new products that leverage the company’s core technology platform. This marks the first major investment for Addepar since its $140 million Series D round in 2017, which valued the company at $1 billion.
Addepar is an industry-leading wealth management platform. It helps financial advisors, family offices, and large institutions make more informed decisions by providing greater visibility into their investments across asset classes, strategies, and geographies.
According to Joe Lonsdale, founding partner at 8VC and Addepar board member, “Addepar has been singularly focused on solving one of the most difficult challenges in wealth management: providing a single source of truth for complex portfolios. With the support of this latest round of funding, Addepar will continue to develop innovative solutions and expand its platform to help its clients make better decisions with their wealth.”
Addepar’s mission is to make data-driven investing more accessible to everyone. The company’s cloud-based software platform offers financial institutions, advisors, and their clients more actionable insights into their portfolios, enabling them to make more informed decisions with greater confidence.
This latest round of funding allows Addepar to continue building out its technology platform and develop new features for the benefit of its clients. The company will use the new capital to strengthen its team, increase its global presence, and further develop its platform in order to meet the growing demands of the wealth management industry.
The round was led by new investor Andreessen Horowitz
Addepar has recently confirmed a $150 million investment at a $2 billion valuation. The round was led by new investor Andreessen Horowitz, a venture capital firm founded by Marc Andreessen and Ben Horowitz. Existing investors including 8VC, The Goldman Sachs Group Inc., Valor Equity Partners, and Point72 Ventures also participated in the round.
The new investment will be used to accelerate the growth of Addepar, a financial technology company that provides wealth managers with tools to monitor and analyze their client’s assets. This will allow wealth managers to better serve their clients, by providing them with more precise data and insights.
The funding will also be used to expand the company’s offerings and help grow its presence in the financial technology market. Addepar plans to use the funds to expand its team, technology, product development, and customer support.
Addepar CEO Eric Poirier commented on the recent investment: “We are thrilled to welcome Andreessen Horowitz as an investor in Addepar. We believe our focus on powering precision in the global financial system aligns with the firm’s long-term view and desire to back transformative companies. With this round of financing, we are well-positioned to continue our mission to bring transparency and efficiency to global financial markets.”
With the new investment from Andreessen Horowitz, Addepar is now well-positioned to accelerate its mission of bringing transparency and efficiency to global financial markets. This is yet another major milestone for the company, and it will no doubt continue to be a leader in the financial technology space.
Existing investors also participated in the round
Addepar’s existing investors, including 8VC, FirstMark Capital, and Valor Equity Partners, all participated in the round. This investment underscores the confidence that existing investors have in the company’s vision and the value it is creating for its customers.
Additionally, Tiger Global, which had already invested in Addepar in a prior round, also participated in this round. The support of Tiger Global demonstrates the trust and faith that investors have in Addepar’s team and technology.
This investment will allow Addepar to accelerate its growth and further develop its technology to help financial advisors more effectively serve their clients. This new capital will enable Addepar to continue to scale its business, bringing its cutting-edge technologies to more institutions and advisors across the country.
The investment will be used to accelerate the company’s growth
Addepar, a financial technology company, has announced a $150 million investment round led by new investor Andreessen Horowitz. This brings the company’s valuation to $2 billion and will provide additional funds to further accelerate the company’s growth.
Addepar plans to use the investment to expand its offerings, which include a suite of sophisticated wealth management tools and data analytics solutions. The company will also look to add more financial advisors to its platform, as well as increase its staff and technology investments.
The new investment is part of a broader trend of increased investment in fintech companies, which are becoming increasingly important for investors and advisors looking for innovative solutions that can help them better manage their investments. Addepar’s technology helps financial advisors stay on top of the ever-changing landscape of investments by providing actionable insights and reporting tools.
With the additional funds, Addepar plans to continue to develop its solutions and provide more support to existing customers. This investment will help the company continue to build on its success in the fintech industry and provide even more value to advisors, investors, and other stakeholders.
Addepar is a financial technology company
The company was founded in 2009 by CEO Joe Lonsdale and has since established itself as one of the leading players in the financial technology industry. Addepar currently has over 1,000 institutional clients and over $2 trillion in assets under management.
The company recently announced a $150 million investment at a $2 billion valuation led by new investor Andreessen Horowitz. This round was also participated by existing investors, including 8VC, Valor Equity Partners, Formation 8, Bloomberg Beta, and General Atlantic.
With this new capital injection, Addepar will be able to accelerate its growth as it continues to develop its platform and expand its reach. The company is also aiming to build out its team of engineers, designers, data scientists, and product managers to support the development of its technology.
As a leading financial technology company, Addepar is committed to helping its clients gain access to insights and information they need to make more informed investment decisions. With its newly announced investment round, the company can continue to scale its platform and help its clients succeed in the ever-evolving financial services industry.