Addepar Revenue, Valuation, Funding & Investors
Addepar is valued at $3.3B as of May 2025, a 11.8x multiple on its last reported $275M revenue.
Last Addepar valuation
$3.3B
Series G · May 2025
Last Addepar funding round
$230M
Series G · May 2025
Addepar revenue
$275M
Series G · May 2025
Key investors in Addepar
8VC
Valor Equity Partners
Westcap
Cota Capital
EDBI
Formation 8
About Addepar
Addepar is a wealth management platform aggregating data for over four trillion dollars in assets across more than 800 firms in 30 countries. Used by advisors for portfolio analysis, reporting, and Marketplace access to alternative investments, it integrates with over 100 partners. Offices span Silicon Valley, New York City, Salt Lake City, Chicago, London, and Edinburgh.
Founded
2009
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$275M (May 2025)
Valuation
$3.3B (May 2025)
Addepar Valuation
Addepar is currently valued at $3.3B, based on its Series G in May 2025.
The $230M round was led by Vitruvian Partners and Westcap, with participation from 8VC, EDBI and Valor Equity Partners.
Addepar's valuation has grown 3.0x from $1.1B at its Series E in November 2020 to $3.3B in May 2025, across 3 priced rounds.
Addepar valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2025 | Series G | $3.3B | 11.8x |
| Jun 2021 | Series F | $2B | 7.3x |
| Nov 2020 | Series E | $1.1B | - |
Addepar Revenue
Addepar's latest recorded revenue is $275M, as of its Series G in May 2025. At a $3.3B valuation, that implies a 11.8x revenue multiple.
Revenue moved from $275M in June 2021 to $275M in May 2025, while the revenue multiple moved from 7.3x to 11.8x.
Addepar revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2025 | $275M | $3.3B | 11.8x | Series G |
| Jun 2021 | $275M | $2B | 7.3x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Addepar Funding History
Addepar has raised a total of $743M across 6 funding rounds.
Addepar's first fundraising round was a $50M Series C in May 2014. The most recent completed round was a $230M Series G in May 2025.
Addepar funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2025 | Series G | Vitruvian Partners (lead); Westcap (lead); 8VC; EDBI; Valor Equity Partners | $230M | $3.3B | Addepar provides a wealth management platform that aggregates portfolio, market, and client data, enabling investment professionals including single-family offices, RIAs, large banks, institutional asset owners, and alternative fund managers to manage and advise on client assets. In May 2025, the company closed a $230 million Series G funding round at a $3.25 billion valuation, co-led by Vitruvian Partners and WestCap, with participation from 8VC, Valor Equity Partners, and EDBI. The round included a tender offer for employee and investor liquidity, while also funding global expansion, product innovation, and R&D investments exceeding $100 million annually. At the time of the round, Addepar's platform supported over $7 trillion in assets under management, up from $5 trillion the prior year, with more than $25 billion in new assets added weekly across over 1,200 client firms in more than 50 countries. Sacra estimates Addepar generated $275 million in revenue in 2024, a 31% year-over-year increase from $210 million in 2023, driven by AUM expansion and enterprise deals like Itaú Private Bank adding $180 billion in assets. Average revenue per customer reached $229,000, with RIAs comprising 50% of clients but a larger share of assets; the company maintains 43% of its over 850 employees in technical roles. Addepar is positioning as the global operating system for investment management, emphasizing data connectivity, insights, and action amid market volatility. It invests heavily in technology akin to Palantir, backed by co-founder Joe Lonsdale via 8VC, and targets a $1.2-1.3 trillion TAM in RIA portfolio systems. The company reports strong client retention, rapid innovation, and is on track for profitability in 2025, with total funding reaching approximately $790 million post-round. |
| Jun 2021 | Series F | D1 Capital Partners (lead); Vika Ventures; Cota Capital | $166M | $2B | Addepar is a technology platform for wealth management that enables advisors to aggregate portfolio data, perform analytics, generate reporting, and manage risk across asset classes for complex portfolios. At the time of its Series F round on June 15, 2021, the company had over $2.7 trillion in client assets on its platform, serving more than 600 family offices, registered investment advisors, private banks, and large financial institutions across over 25 countries, processing millions of accounts daily. The funding was intended to accelerate growth, expand into new geographies, increase workforce, and further develop the platform to address the $225 trillion global investable assets market. CEO Eric Poirier highlighted the platform's role in providing a complete financial picture for data-driven client decisions, while D1 Capital's Prateek Bhide emphasized Addepar's world-class platform serving demanding clients with expansion potential. This Series F followed prior rounds including $117 million Series E in November 2020 led by WestCap and $140 million Series D in 2017. Addepar continued raising capital post-2021, reaching total funding of around $790 million by 2025, with a Series G in May 2025 at $3.25 billion valuation co-led by Vitruvian Partners and WestCap. |
| Nov 2020 | Series E | Westcap (lead); 8VC; Sway Ventures | $117M | $1.1B | Addepar is a technology platform for wealth management, providing data aggregation, analysis, and reporting tools for investors and advisors to manage complex portfolios. In November 2020, it closed a $117 million Series E funding round led by WestCap Group, with participation from Sway Ventures, bringing total funding to approximately $325 million. The capital was earmarked to expand its market-leading platform amid sustained growth in clients, revenue, and assets. At the time of the Series E, Addepar platformed over $2 trillion in client assets, adding an average of $10 billion per week, and served over 500 family offices, RIAs, and banks handling millions of daily transactions. This reflected its strong market position in addressing inefficiencies in managing the global $120 trillion investable assets market, dominated by outdated spreadsheets. CEO Eric Poirier highlighted ongoing innovations to enhance client value during challenging markets and virtual work shifts. Post-Series E developments included rapid platform scaling; by April 2021, it supported nearly 600 clients with $2.5 trillion in assets and $15 billion added weekly. Later rounds included a June 2021 Series F at $2.2 billion valuation led by D1 Capital and a May 2025 Series G raising $230 million at $3.25-3.3 billion post-money valuation co-led by Vitruvian Partners and WestCap. Recent revenue estimates show $275 million in 2024, with assets reaching $7 trillion. |
| Mar 2020 | Undisclosed stage | Laurence A. Tosi (lead); Scott Ganeles | $40M | - | - |
| Jun 2017 | Series D | 8VC (lead); Harald McPike (lead); Valor Equity Partners (lead); Group 11; Chromo Invest; Palm Drive Capital; CE Innovation Capital | $140M | - | Addepar, the operating system for wealth and asset management, closed a $140 million Series D funding round co-led by Valor Equity Partners, 8VC, and QuantRes founder Harald McPike in June 2017. The round marked one of the largest fintech funding rounds of 2017 and came on the heels of the company's exceptional growth, with assets on platform expanding from $300 billion to over $650 billion in less than 18 months. The capital was allocated to accelerate research and development, expand the product and platform capabilities, extend tech-enabled services, and support international expansion. Addepar had recently acquired AltX in May 2017 to strengthen its position in the alternatives market, and the company had significantly expanded its platform integrations to include partnerships with Salesforce Financial Services Cloud, FolioDynamix, iCapital Network, Citco Fund Services, and other major financial services platforms. |
| May 2014 | Series C | David O. Sacks (lead); Valor Equity Partners (lead); Formation 8; Harrison LeFrak; Stanley Druckenmiller | $50M | - | Addepar raised $50 million in a funding round around May 13, 2014, bringing its total funding to $66 million at that point, with previous investors including Blumberg Capital and Peter Thiel. The capital was aimed at helping wealth managers track investments through Addepar's platform, which aggregates and normalizes investment data for family offices, advisors, and institutions. Later growth metrics show significant scaling: by October 2016, Addepar managed over $500 billion in assets with 97% year-over-year growth and more than 200 clients; assets doubled to $1 trillion by early 2018 with over 300 clients including major firms like Bernstein and Morgan Stanley. Addepar continued expanding, reaching $2.5 trillion in assets by April 2021 with nearly 600 clients, then $3.5 trillion in 2021 after a $150 million Series F led by D1 Capital Partners. By 2023, assets hit $5 trillion with over 1,000 clients; Sacra estimates 2023 revenue at $210 million and 2024 at $275 million, with $7 trillion AUM in 2024 and average revenue per customer at $229,000, focusing on enterprise clients and family offices. |
Who has invested in Addepar?
20 investors have backed Addepar across its funding rounds, including 8VC, Valor Equity Partners, Westcap, Cota Capital, EDBI and Formation 8.
Lead investors include Vitruvian Partners, Westcap, D1 Capital Partners, Laurence A. Tosi, 8VC and 3 other investors.
Addepar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Lead | Jun 2017 | |
| Chicago, IL | 3 | Lead | May 2014 | |
 Canada | 2 | Lead | Nov 2020 | |
| Los Angeles, CA | 1 | Participant | Jun 2017 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} David O. Sacks | San Francisco, CA | 1 | Lead | May 2014 |
| New York City, NY | 1 | Participant | Jun 2021 | |
 Porto Alegre | 1 | Participant | Jun 2017 | |
| Laurence A. Tosi | New York City, NY | 1 | Lead | Mar 2020 |
| United States | 1 | Participant | May 2014 | |
| New York City, NY | 1 | Participant | Jun 2017 | |
| Harrison LeFrak | -- | 1 | Participant | May 2014 |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
 Singapore | 1 | Participant | May 2025 | |
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Start Free TrialAcquisitions by Addepar
Addepar has acquired 5 companies to date.
Last acquisition by Addepar was on May 20th 2025. Addepar acquired Arcus for undisclosed valuation.
Latest Acquisitions by Addepar
| Description | Arcus is a San Francisco-headquartered provider of an AI workflow platform for data-intensive enterprises. The platform builds multi-agent systems handling structured and unstructured data, integrating with APIs, databases, and tools like Snowflake and Salesforce. Used by finance and healthcare firms for compliance auditing and predictive analytics, Arcus processes petabyte-scale datasets and raised $15 million in Series A funding in 2023. | AdvisorPeak is a portfolio management technology provider for registered investment advisors. Its platform delivers automated rebalancing tools, trade order management, performance reporting, billing modules, and CRM integrations with systems like Redtail and Wealthbox. Headquartered in Blue Bell, Pennsylvania, the company connects to custodians including Charles Schwab, Fidelity, and Pershing. AdvisorPeak supports compliance features such as wash sale detection and tax-loss harvesting, enabling advisors to handle client portfolios efficiently across taxable and retirement accounts. | Real Capital Innovation is a technology platform for asset owners providing decision-support tools in strategic portfolio management. Collaborating with pension funds and sovereign wealth entities, it co-develops applications for asset allocation, risk assessment, and performance analytics. Headquartered in London, RCI focuses on institutional-grade software to enhance governance and returns in public markets. | 201 Created is a development consultancy specializing in Ember.js and JavaScript single-page applications. The firm builds scalable web apps for clients in finance and media, including custom Ember Octane migrations. Based in the Netherlands since 2014, 201 Created contributes to Ember open-source with addons downloaded millions of times and hosts annual conferences in Amsterdam. | |
| HQ Country | | | | | |
| HQ City | New York City, NY | Salt Lake City, UT | San Jose, CA | - | |
| Deal Date | 20 May 2025 | 22 Oct 2021 | 7 Jan 2021 | 28 Jan 2019 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Addepar acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Addepar Competitors
Addepar competitors include listed companies like Finatext, TP ICAP and CRISIL, and private ones like StashAway, SmartAsset and Qontigo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Singapore | Private | - | - | $2.2B | - | |
| New York City, NY | Private | $100M | - | $1B | 10.0x | |
 Japan | Publicly listed | $71M | $13M | $470M | 5.4x | |
 United Kingdom | Publicly listed | $3.2B | $502M | $3.1B | 0.1x | |
 Eschborn | Private | - | - | $3.5B | - | |
 India | Publicly listed | $380M | $122M | $3.5B | 7.5x |
Addepar Public Comps
Addepar is still privately-owned, but its public comps include Aditya Birla Sun Life AMC, TP ICAP, Guaranty Trust Holding, CRISIL, Guotai Junan Intl Hldgs, Angel One, Techcom Securities, Shanghai DZH, Shenzhen Fortune Trend and Webull.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $192M | $131M | 15.6x | 14.6x | 22.9x | 25.0x | |||
| $3.2B | $502M | 0.1x | 0.1x | 0.7x | 0.6x | |||
| $1.3B | - | 2.6x | 1.8x | - | - | |||
| $380M | $122M | 8.8x | 7.5x | 27.5x | 25.1x | |||
| $793M | $517M | 4.4x | - | 6.8x | - | |||
| $449M | $105M | 4.4x | 3.8x | 18.8x | 11.0x | |||
| $418M | $354M | 10.7x | 8.9x | 12.6x | - | |||
| $123M | ($545K) | 18.1x | - | (4082.3x) | - | |||
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Common questions about Addepar
| When was Addepar founded? | Addepar was founded in 2009. |
| Where is Addepar headquartered? | Addepar is headquartered in San Francisco, CA, United States. |
| Is Addepar publicly listed? | No, Addepar is a private, VC-backed company. |
| What is Addepar's valuation? | Addepar was last valued at $3.3B in its Series G in May 2025. |
| How much funding has Addepar raised? | Addepar has raised $743M across 6 funding rounds. |
| What was Addepar's last funding round? | Addepar's last funding round was a $230M Series G in May 2025, led by Vitruvian Partners and Westcap. |
| Who are Addepar's investors? | Addepar's investors include 8VC, Valor Equity Partners, Westcap, Group 11, David O. Sacks, Vika Ventures, Chromo Invest, Laurence A. Tosi, Formation 8, Palm Drive Capital and 10 others. |
| What is Addepar's revenue? | Addepar's latest recorded revenue is $275M (May 2025). |
| What is Addepar's revenue multiple? | Addepar's latest valuation implies a 11.8x revenue multiple ($3.3B valuation on $275M of revenue). |
| Which companies are comparable to Addepar? | Companies comparable to Addepar include StashAway, SmartAsset, Finatext, TP ICAP, Qontigo and CRISIL. |
| How many companies has Addepar acquired? | Addepar has acquired 5 companies, including Arcus, AdvisorPeak, Real Capital Innovation, 201 Created and AltX. |
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