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Addepar is a Mountain View, California-based software company that provides a cloud-based wealth management platform for data aggregation, analytics, and portfolio reporting. The business operates a B2B SaaS model, serving independent registered investment advisors, family offices, and private banks across more than fifty global markets. The platform tracks over $7 trillion in assets under management for more than 1,000 client firms and currently employs approximately 850 people worldwide. Addepar reached a $2.17 billion valuation following a $150 million Series F funding round backed by prominent investors such as D1 Capital Partners and 8VC. The company has expanded its capabilities through the acquisition of trading software firm AdvisorPeak and maintains strategic partnerships with major financial institutions like Morgan Stanley. The financial technology enterprise was officially founded in 2009 by Joe Lonsdale and Jason Mirra.
Addepar has raised $786.0M across 8 funding rounds.
Key people at Addepar.
Addepar was founded in 2009 by Bobby Yazdani (Advisor to Founders & CEO).
Addepar has raised $786.0M in total across 8 funding rounds.
Addepar has raised $786.0M across 8 funding rounds. Most recently, it raised $230.0M Series G in May 2025.
Key people at Addepar.
Addepar is a software and data platform designed for professional wealth, investment, and asset management firms, enabling data-driven investing and advice through real-time portfolio reporting and insights.[1][3][4] It serves over 1,200 leading firms globally, including family offices, independent advisors, private banks, and broker-dealers, managing data for more than $7 trillion in assets across 50+ markets, with about 40% in alternative investments like private equity and venture capital.[2][3][4] The platform aggregates portfolio, market, and client data; integrates with 100+ partners; and offers tools like AI-powered Alts Data Management, private fund benchmarks from anonymized data on 12,000 funds, and features for rebalancing, modeling, and fee tracking to solve data fragmentation and complexity in wealth management.[1][2][4][6] Addepar's growth is accelerating, adding $1 trillion in assets every six months after nine years to reach the first trillion, fueled by its Marketplace for alternative investments via Acervus Securities.[1][2]
Founded over 15 years ago (around 2010) in New York, Addepar emerged to create a more transparent financial system, starting with the complex needs of single-family offices and expanding to thousands of wealth managers worldwide.[2][3] Key leadership includes CEO Eric Poirier, with 20+ years in finance and SaaS, leading financial planning and strategy, and figures like Chief Product Officer Don Nilsson, who highlighted the company's long-term data aggregation strategy baked into client agreements from the start.[2][3] Early traction built on core investment performance reporting software, collecting vast datasets that now power innovations like private fund benchmarks; the company has evolved with a global flexible workforce across offices in New York City, Salt Lake City, London, Edinburgh, São Paulo, Pune, Dubai, and Geneva.[1][3]
Addepar rides the wave of data democratization in wealthtech, where rising client demands for transparency, speed, and personalized advice amid complex alternatives (40% of its assets) meet insufficient legacy tools.[2][6] Timing aligns with exploding private markets and AI advancements, as firms seek unified views of illiquids; Addepar's anonymized data moat—built over 15 years—creates network effects, accelerating growth to $1T every six months.[2] It influences the ecosystem by enabling better capital allocation to impactful investments, fostering integrations that standardize wealth management tech, and competing while expanding tools for RIAs and family offices in a $100T+ global industry.[1][3]
Addepar's data flywheel positions it for dominance in wealthtech's AI era, with expansions like universal Alts tools and benchmarks drawing competitors but solidifying its lead through scale no rival matches.[2] Next steps likely include deeper AI for predictive analytics, global marketplace growth, and partnerships amplifying its $7T dataset for institutional adoption. As alternatives surge and regulations demand transparency, Addepar will shape how capital flows to innovation—unlocking "outstanding results" for advisors and society, just as its platform promises.[1][3]
Addepar was founded in 2009 by Bobby Yazdani (Advisor to Founders & CEO).
Addepar has raised $786.0M in total across 8 funding rounds.
Addepar's investors include WestCap, Luuk Remmen, 8VC, CE Innovation Capital, Craft Ventures, Streamlined Ventures, Ashby Monk, Stanley Druckenmiller, Joe Lonsdale, EDBI, Valor Equity Partners, Prateek Bhide.
