Addepar Raises $230M Series G at $3.25B Valuation

Addepar, the WealthTech powerhouse behind one of the most widely adopted investment data platforms, has announced a $230 million Series G funding round, propelling its valuation to $3.25 billion. Co-led by Vitruvian Partners and returning backer WestCap, with participation from 8VC, Valor Equity Partners, and new investor EDBI (via SG Growth Capital), this round signals more than just a capital injection, it marks a strategic turning point for Addepar and WealthTech at large. 

A Private Credit-Focused Round 

Unlike traditional equity raises, this round is designed primarily as a private credit-style tender offer, providing liquidity for long-standing employees and early investors. In simple terms, it allows stakeholders to realize gains from their contributions while keeping Addepar’s ownership concentrated among committed long-term investors. This is becoming an increasingly popular route for mature, high-growth FinTechs seeking to balance employee retention, investor returns, and capital efficiency without the immediate pressures of public markets. 

From Financial Crisis Roots to WealthTech Titan 

Founded in 2009 by Joe Lonsdale in the aftermath of the global financial crisis, Addepar was built to solve a core problem: the lack of reliable, transparent investment data for complex portfolios. What began as a data aggregation platform has since evolved into a comprehensive operating system for investment professionals, empowering RIAs, family offices, institutional investors, and banks to manage over $7 trillion in assets. 

Addepar’s growth trajectory has been steady and strategic. Prior to this round, the firm raised $150 million in Series F funding in 2021 (at a $2 billion valuation) and $117 million in 2020. With over $700 million raised to date, Addepar has stayed focused on long-term innovation, investing over $100 million annually in R&D and positioning itself to achieve profitability in 2025. 

Addepar’s Expanding Influence in WealthTech 

What sets Addepar apart is its ability to scale while staying deeply attuned to its clients’ evolving needs. Adding $25 billion in new assets weekly, and serving over 1,200 client firms across 50+ countries, Addepar’s platform has become indispensable for wealth managers navigating volatile markets and increasingly complex client demands. 

This funding round reinforces Addepar’s commitment to continuous innovation such as expanding product capabilities, enhancing client experiences, and broadening its global footprint. Recent partnerships, like the 2024 deal with Corient Private Wealth, showcase Addepar’s role as a critical enabler in the wealth management ecosystem. 

The Bigger Picture

Addepar’s Series G comes at a time when WealthTech is maturing beyond its startup roots. The convergence of data transparency, personalization, and digital client engagement is reshaping how investment professionals operate. Private markets are playing an outsized role in this transformation, as firms like Addepar leverage private credit-style liquidity events to fuel growth without diluting strategic control. 

This approach reflects a broader WealthTech trend: sustainable scaling over speculative growth. As RIAs consolidate, alternative investments go mainstream, and investor expectations rise, platforms like Addepar are positioning themselves as the foundational infrastructure for the next era of wealth management. 

In Summary 

Addepar’s $230 million Series G isn’t just a headline-grabbing funding round, it’s a signal of WealthTech’s evolution. By blending private credit mechanisms with a relentless focus on product innovation and client success, Addepar is charting a path that many others in the space are likely to follow. As WealthTech continues to mature, Addepar’s journey serves as a case study in balancing growth, liquidity, and long-term vision.