This Addepar company profile covers the company's valuation, revenue, funding rounds, investors and history. Addepar works in fintech, with a focus on wealth management data and analytics platform. It was founded in 2009 and is headquartered in Mountain View, California, United States. Its latest valuation on record is US$3.25 billion (May 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Client assets | More than US$7 trillion on the platform, across more than 1,200 client firms in 50+ countries | May 2025 | WealthManagement.com |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 2025 | Series G | US$230M | US$3.25B | Vitruvian Partners and WestCap (co-leads); 8VC, Valor Equity Partners, EDBI | Fintech Futures |
| 2021 | Series F | US$150M | US$2B | See source | Fintech Futures |
Addepar timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2009 — Addepar is founded in Mountain View by Joe Lonsdale and Jason Mirra.
- 2021 — Series F: US$150M, valuing the company at US$2B.
- May 2025 — Series G: US$230M, valuing the company at US$3.25B. Investors: Vitruvian Partners and WestCap (co-leads); 8VC, Valor Equity Partners, EDBI.
- May 2025 — Client assets: More than US$7 trillion on the platform, across more than 1,200 client firms in 50+ countries.
Investors
Overview
Addepar provides a data and analytics platform used by wealth managers, family offices, private banks and institutional investors to see and manage complex portfolios. Wealthy families often hold dozens of accounts at different banks, along with private equity funds, real estate, hedge funds, private companies and other assets. Addepar collects data from all those sources, cleans and reconciles it, and lets advisers analyse performance, exposure and risk across everything, and produce reports for clients. More than US$7 trillion of client assets were on its platform by 2025.
Joe Lonsdale, a co-founder of Palantir and later founder of the venture firm 8VC, founded Addepar in 2009 with Jason Mirra. Lonsdale saw that even sophisticated wealth managers relied on spreadsheets to understand their clients' complex holdings. Eric Poirier became CEO in 2013 and has led the company since. Addepar is headquartered in Mountain View, California, with large offices in New York and other cities.
Products
- Portfolio data platform: aggregation and reconciliation of data from custodians, banks, fund administrators and private investments.
- Analytics: flexible analysis of performance, allocation, exposure and liquidity across all asset types.
- Reporting: client reports and portals for advisers and family offices.
- Billing and trading tools: fee calculation and portfolio rebalancing for advisers.
- Private markets data: tools for tracking alternative investments, including Addepar's own research on investment trends across its platform.
- AI features: assistants that help advisers query data and prepare insights.
Funding
Addepar raised a US$150 million Series F in 2021 at a US$2 billion valuation. In May 2025 it raised a US$230 million Series G at a US$3.25 billion valuation, co-led by Vitruvian Partners and WestCap, with 8VC, Valor Equity Partners and Singapore's EDBI participating. CEO Eric Poirier said most of the money would fund a tender offer allowing employees and early investors to sell shares. At the time, Addepar reported more than US$7 trillion in client assets, up from US$5 trillion a year earlier, and more than 1,200 client firms in over 50 countries.
Business model
Addepar charges subscription fees typically linked to the assets clients manage on the platform and the modules they use. As its clients' assets grow and new firms join, revenue rises. The company doesn't publish revenue, so we show it as not disclosed.
Competition
Addepar competes with wealth technology providers such as SS&C (Black Diamond), Envestnet (Tamarac), Orion, Masttro and Asset Vantage, and with in-house systems at large private banks. Its advantages are its ability to handle highly complex portfolios with many alternative investments, its data quality and its strong position among large registered investment advisers and family offices. It partners with platforms such as iCapital that provide access to alternative investments.
Addepar at a glance
Addepar is a Mountain View wealth management data company founded in 2009 by Joe Lonsdale and Jason Mirra and led by CEO Eric Poirier. It aggregates and analyses complex portfolios for advisers and family offices, with more than US$7 trillion of client assets on its platform. It raised a US$230 million Series G at US$3.25 billion in May 2025, mostly to fund a tender offer.
Timeline
- 2009: founded by Joe Lonsdale and Jason Mirra.
- 2013: Eric Poirier becomes CEO.
- 2010s: grows among family offices and independent advisers.
- 2021: raises US$150 million at US$2 billion.
- May 2025: raises US$230 million at US$3.25 billion; client assets pass US$7 trillion.
Why wealth data is hard
A wealthy family's portfolio may include stocks and bonds at several brokers, private equity and venture funds that report quarterly with delays, real estate, art, operating businesses and trusts with complex ownership structures. Each source reports differently, and transactions such as capital calls, distributions and corporate actions must be captured accurately. Getting a single, accurate view requires extensive data engineering and reconciliation. Errors can lead to poor decisions or misleading client reports, so accuracy is the core of Addepar's value.
Tender offers as a liquidity tool
Addepar's decision to use most of its Series G to buy shares from employees and early investors reflects a broader trend: companies staying private longer use tender offers to provide liquidity without an IPO. Our guide to tender offers explains how these transactions work.
Questions for wealth managers
- Which custodians, fund administrators and data sources does the platform support?
- How well does it handle alternative investments and complex ownership structures?
- How customisable are client reports and portals?
- What are total costs as assets under management grow?
Who uses Addepar
Addepar's clients include registered investment advisers managing money for wealthy families, multi-family and single-family offices, private banks, trust companies and some institutional investors such as endowments and foundations. Many have clients with hundreds of millions or billions of dollars in assets spread across many structures. For these firms, clear consolidated reporting is a core part of the service they sell, so the platform directly affects client satisfaction and retention.
Data network insights
Because so many portfolios run through its platform, Addepar can publish anonymised, aggregated research on how wealthy investors allocate money, for example how much they hold in private equity, private credit or cash, and how those allocations change over time. This data gives advisers useful benchmarks and gives Addepar a distinctive marketing and research asset that smaller competitors can't easily match.
Risks
- Competition: large wealth technology providers bundle reporting with other services.
- Market sensitivity: asset-based pricing means revenue can fall when markets decline.
- Data accuracy: errors in complex portfolios can damage client trust.
Latest developments (October 2026)
Our October 2026 check found no new primary round for Addepar after its 2025 Series G of about US$230 million at a US$3.25 billion valuation. Some secondary-market data in 2026 pointed to lower prices for its shares, but those trades are thin and not company-confirmed, so the 2025 round remains the latest sourced valuation. Addepar continues to serve wealth managers, family offices and private banks that need consolidated reporting across public and private assets, a need that has grown as more wealthy investors hold private equity, private credit and venture funds.
What to watch
Watch growth in platform assets, international expansion, AI features and any IPO plans. Our guide to the largest private fintech companies covers related companies.
Takeaways
Wealth managers and family offices can see complex portfolios in one place. Founders can see the value of solving hard data problems for demanding customers. Investors should note that most of the latest round went to secondary liquidity.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Addepar do?
Addepar is a fintech / wealth management data and analytics platform company headquartered in Mountain View, California, United States. It was founded in 2009.
What is Addepar's valuation?
Addepar was valued at US$3.25 billion as of May 2025, according to Fintech Futures. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Addepar make?
Addepar is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Addepar's latest funding round?
The most recent financing we have verified is a series g in May 2025: US$230M, at a valuation of US$3.25B. Source: Fintech Futures.
Who are Addepar's investors?
Investors named in public announcements include Vitruvian Partners, WestCap, 8VC, Valor Equity Partners, EDBI and Sway Ventures.
Who founded Addepar?
Addepar was founded in 2009 by Joe Lonsdale and Jason Mirra.
Is Addepar a public company?
No. Addepar is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Addepar headquartered?
Addepar is headquartered in Mountain View, California, United States.