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.
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.
Viewable by subscribers only
Iconiq, Three Bell, CamCapital, Cherry Creek Family Office, Harmony Capital, Litvak & Co., Perigon Wealth Management, Ricon Advisor, Robertsons Stephens, and Silicon Valley Bank.
Perigon Wealth Management
Provides a seamless platform for increasing complexities of modern investment management.
Jason Mirra, Joe Lonsdale
NUMBER OF EMPLOYEES:
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.
Eric Poirier (CEO), Stephen Snyder (CFO), David Lessing (CRO)
VALUATION / MARKET CAP:
$500 MM in 2018
According to third-party sources, the company's valuation is more than $500 million. (Feb. 2018)
ACTIVE USERS COMMENT:
More than 750+ institutions are using the platform.
Currently, Addepar's platform provides support for managing assets worth~$1.3 trillion. (March 2019)
DATE OF LAST FUNDING:
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.