Addepar

wealthtech-retailother investments platform

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 16/02/2021

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About

Addepar is a leading provider of technology for the wealth management industry. The companys performance reporting and analytics platform aggregates portfolio, market, and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with leading financial advisors, family offices, and large financial institutions that manage over $1.3 trillion of assets on the companys platform. In 2018, Addepar was named as a Forbes Fintech 50 and received Morgan Stanley's Fintech Award for making significant impact to the firms mission of continuous innovation. Addepar is headquartered in Silicon Valley and has offices in New York City, Chicago, and Salt Lake City.

MEDICI Analysis

Addepar is a cloud-based wealth management platform that provides investment management advisors with tools for managing complex portfolios. The company provides customizable reporting solutions that enable financial managers to visualize and communicate relevant information to anyone who needs it. Recently, Addepar was named in the Forbes Fintech 50 For 2019 startups list.

Focus

PRODUCTS & SERVICES

The platform is a cloud-based system that partners with multiple data vendors and custodians to gather financial information. Its offering enables portfolio analysis and reporting from a single platform. The product caters to family offices, RIAs, foundations & endowments, global advisories, banks, financial services firms, and warehouses.

REVENUE MODEL

Addepar charges fees based on the asset size being managed by each customer.

MAIN CLIENTS

Iconiq

Three Bell

CamCapital

Cherry Creek Family Office

Harmony Capital

Litvak & Co.

Perigon Wealth Management

Ricon Advisor

Robertsons Stephens

and Silicon Valley Bank.

EXISTING PARTNERSHIPS

Perigon Wealth Management

COMMENT

Provides a seamless platform for increasing complexities of modern investment management.

Traction

VALUATION / MARKET CAP:

$500 M in 2018

VALUATION COMMENT:

According to third-party sources, the company's valuation is more than $500 million. (Feb. 2018)

COMPANY TYPE:

For Profit

REVENUE

$5.0M - $9.99M in 2018

REVENUE COMMENT:

The company had a revenue of $9Million+ in 2018.

ACTIVE USERS COMMENT:

More than 750+ institutions are using the platform.

TRACTION COMMENT:

Currently, Addepar's platform provides support for managing assets worth~$1.3 trillion. (March 2019)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

7

TOTAL FUNDING

$362.84 M

DATE OF LAST FUNDING

Nov 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use its funds to continue investing in R&D, expanding its product, platform, and tech-enabled services.

ESTIMETED REVENUE RANGE

$10M to $50M

FUNDING SERIES

SERIES B  · $15.84 M  · Jun 2011

SERIES C  · $50 M  · May 2014

SERIES D  · $140 M  · May 2017

SERIES E  · $117 M  · Nov 2020

OTHERS  · $40 M · Mar 2020

LISTED

NO

COMMENT

Convertible note raised in January 2014.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

75,315

AVERAGE VISITS (6 MONTHS)

56,566.82

MONTHLY VISITS GROWTH

6.46%

VISIT DURATION

571

VISIT DURATION GROWTH

-17.23%

PAGE VIEWS VISIT

8.99

PAGE VIEWS VISIT GROWTH

13.33%

BOUNCE RATE

15.18%

BOUNCE RATE GROWTH

1.09%

GLOBAL TRAFFIC RANK

302,296

MONTHLY RANK CHANGE

-104,914

MONTHLY RANK GROWTH

-25.76%

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