From Yahoo Finance: 2025-05-14 07:52:00

Addepar, a US wealthtech firm, raised $230m in Series G funding, valuing the company at $3.25bn. Vitruvian Partners, WestCap, 8VC, and others led the investment round. The funds will provide liquidity for employees and investors, support innovation, and enhance client capabilities.

Addepar focuses on equipping investment professionals with advanced technology, managing over $7tn in assets. The company adds $25bn in new assets weekly, serving 1,200 client firms across 50 countries. Addepar allocates over $100m annually towards research and development, aiming for profitability by 2025.

CEO Eric Poirier stated the funding rewards contributions to their mission and empowers clients with innovative technology. Addepar’s partnership with Itaú Private in Brazil enhances the bank’s access to their data aggregation and performance reporting platform. The company aims to empower leading firms with confidence in navigating market conditions.

Read more: Wealthtech provider Addepar lands $230m Series G investment