• FOUNDING YEAR: 2009
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Sep, 2019
    Phone:
    +1 855-464-6268

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Jason Mirra, Joe Lonsdale
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Streamlined Ventures, Bobby Yazdani, SG VC, Valor Equity Partners, Signatures Capital, AITV, David Sacks, Felix Investments, American Pacific Ventures, Thrive Capital, Blumberg Capital, JCB Investments, White Sand Capital, Peter Thiel, Greenoaks Capital, Alex Bresler, ASBC LLC, Pankaj Shah, Kishore Ganji, Andy Rankin, and 8VC.
KEY EMPLOYEES:
Eric Poirier (CEO), Stephen Snyder (CFO), David Lessing (CRO)

TRACTION

VALUATION / MARKET CAP:
$500 MM in 2018
VALUATION COMMENT
According to third-party sources, the company's valuation is more than $500 million. (Feb. 2018)
REVENUE:
$5.0M - $9.99M in 2018
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS COMMENT:
More than 750+ institutions are using the platform.
COMMENT:
Currently, Addepar's platform provides support for managing assets worth~$1.3 trillion. (March 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$205.84 Millions
DATE OF LAST FUNDING:
Jun 2017
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.
FUNDING SERIES:
SERIES B
$15.84 Millions Closed: Jun 2011
SERIES C
$50 Millions Closed: May 2014
SERIES D
$140 Million Closed: Jun 2017
LISTED:
NO
COMMENT:
Convertible note raised in January 2014.

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