Addepar

wealthtech-retailother investments platform

FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

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)

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

TOTAL FUNDING

$245.84 M

DATE OF LAST FUNDING

Mar 2020

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 M  · Jun 2011

SERIES C  · $50 M  · May 2014

SERIES D  · $140 M  · May 2017

OTHERS  · $40 M · Mar 2020

LISTED

NO

COMMENT

Convertible note raised in January 2014.

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