May 27, 2020

Addepar – $40 Million

Mountain View, CA ; 03/19/2020

Amount Funded: $40 Million

Type: Not Listed

Lead Investor: WestCap Group

Company Description: Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. The company’s platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $1.7 trillion of assets on the company’s platform. In 2020, Addepar was named as a Forbes Fintech 50 and in 2018 received Morgan Stanley’s Fintech Award for making a significant impact on the firm’s mission of continuous innovation

What funding will be used for:  Invest in research and development, market expansion, building on its platform. 


“This latest financing from WestCap helps Addepar expand on the value we bring to our clients, which has fueled our growth trajectory over the past decade. Our cloud-based data aggregation, analytics and reporting solution empowers Addepar’s clients to give each of their clients a clear and complete understanding of their investment portfolio, from anywhere at any time. These capabilities are an absolute requirement in today’s market environment, and our team’s commitment to this problem space is stronger now than ever. With over $1.7 trillion in assets now managed on Addepar by some of the world’s most respected firms, we have many opportunities to add to our offerings and deliver unmatched and lasting value to advisors and wealth managers. We’re grateful for L.T.’s support over the years and are excited for the additional operating expertise and guidance contributed by Scott and the truly world class team at WestCap.”

-Eric Porter, CEO, Addepar



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