Addepar, a leading technology and data platform for investment professionals, has successfully closed a $230m Series G funding round, elevating its valuation to $3.25b. The investment round was co-led by Vitruvian Partners, based in London, and New York’s WestCap, with participation from 8VC, Valor Equity Partners, and new investor EDBI, the investment arm of the Singapore Economic Development Board.
The funding will be used to provide liquidity to employees and investors through a tender offer, as well as to accelerate innovation and client capabilities. Addepar, which manages over $7t in client assets, aims to enhance its platform to help clients navigate market volatility with greater precision and insight. The company serves more than 1,200 client firms across 50 countries, making it a leader in wealth and investment management technology.
Eric Poirier, CEO of Addepar, stated, “This investment round reflects the deep trust our investors have in our mission and the exceptional value we consistently deliver to our clients.” The company plans to continue investing over $100m annually in research and development, with a goal of achieving profitability by 2025.
Vitruvian Partners’ Luuk Remmen expressed confidence in Addepar’s future, saying, “We’re proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar’s next phase of global growth.” As Addepar expands its global reach, it remains committed to empowering investment professionals with advanced technology and data-driven insights.
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