-- The investment capital will accelerate the growth of Addepar's 
industry-leading platform and fuel its global expansion

Addepar( 
https://c212.net/c/link/?t=0&l=en&o=3196360-1&h=2829883344&u=https%3A%2F%2Faddepar.com%2F&a=Addepar 
), a leading technology platform for wealth management, today announced it has 
raised $150 million from D1 Capital Partners at a pre-money valuation of $2 
billion as part of its Series F financing. The funding will be used to further 
accelerate the company's rapid growth, fueling expansion of the business and 
workforce into new geographies and driving continued development of Addepar's 
category defining platform.

Logo - https://mma.prnewswire.com/media/1533192/Addepar_Logo.jpg 

Addepar was founded by Joe Lonsdale in 2009 in the wake of the financial crisis 
to meaningfully improve how finance works and enable more efficient capital 
allocation. The company has paired an elite technology culture and 
platform-based approach with a client-centric mindset, positioning it to become 
a critical and impactful part of the global financial infrastructure.

Addepar has amassed more than $2.7 trillion in client assets on its platform, 
and serves over 600 family offices, registered investment advisors, private 
banks and large financial institutions across more than 25 countries. Its 
platform is used to process millions of accounts each day, empowering thousands 
of advisors to deliver timely advice and results, and to manage risk for their 
clients across all asset classes in any market environment. For nearly the last 
year, Addepar has added an average of more than $15 billion in assets a week to 
its platform, and had its strongest year on record across all key metrics 
including client and revenue growth, user engagement and client retention.

"Today's announcement underscores the trajectory and strength of Addepar's 
business. Our coveted client base spans multinational banks, family offices, 
RIAs and other financial advisors. They all use our open software platform to 
deliver lasting and differentiated value for their clients. We're able to 
unlock this value by enabling a more complete and meaningful financial picture 
at every level. This empowers financial professionals to advise each client on 
making the most informed and data-driven decisions that align with their unique 
goals, objectives and preferences," said Addepar CEO Eric Poirier.

"At D1 we seek to back visionary companies that solve large, pressing 
problems," said Prateek Bhide, Principal at D1 Capital Partners. "Addepar has 
built a world-class wealth management platform and has demonstrated an ability 
to service some of the industry's most demanding clients. Addepar has a unique 
opportunity to rapidly expand the platform to address the $225 trillion in 
investable assets around the world. We look forward to partnering with them on 
this journey."

Today, the company is focused on evolving financial advice and investment 
management with the broader purpose of maximizing the impact of the world's 
capital. Given the growing pressure on financial advisors to provide access to 
a broad range of liquid, illiquid and alternative asset classes for their 
clients, Addepar introduced Marketplace( 
https://c212.net/c/link/?t=0&l=en&o=3196360-1&h=2192664240&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2986460-1%26h%3D1470273720%26u%3Dhttps%253A%252F%252Fwww.prnewswire.com%252Fnews-releases%252Faddepar-announces-alternatives-marketplace-301051975.html%253Ftc%253Deml_cleartime%26a%3DMarketplace&a=Marketplace 
) in 2020. This digital experience streamlines and unifies access to shares in 
private companies, and includes opportunities to invest in private equity, 
venture capital, hedge funds and real estate among other investment categories 
that have historically been fragmented and opaque.

Last fall, the company launched the Investor Sentiment Index( 
https://c212.net/c/link/?t=0&l=en&o=3196360-1&h=2895011897&u=https%3A%2F%2Fgo.addepar.com%2FMjMyLUtVSS0yMTUAAAF89fpNLQxNqnAFM9bViPUK2m-kgHL63jfpGqUN7BHSg8dFc7Sp8hVzo-wt2TyhTFWJRkvz0fc%3D&a=Investor+Sentiment+Index 
) which uses aggregated and anonymized data across more than 10,000 portfolios, 
each of which have at least $10 million, in order to surface timely insights 
that had previously been unattainable. In January, Addepar acquired RCI( 
https://c212.net/c/link/?t=0&l=en&o=3196360-1&h=4044855633&u=https%3A%2F%2Fgo.addepar.com%2FMjMyLUtVSS0yMTUAAAF89fpNLe87KquxUY1ra7fvYS8Dngk6Z8ZkbKgztLt1aCxSi_WCKNBrI5J4DTfTP8bO_iy38Pc%3D&a=acquired+RCI 
), and in doing so, launched Navigator which helps clients codify cash flow, 
liquidity and tax projections, and refine pacing models among other ex-ante 
capabilities. Marketplace and Navigator complement Addepar's flagship data 
aggregation, management and analysis capabilities, and are available as 
additional offerings to Addepar's software clients.

The company has also designed its platform with advisors' end clients in mind, 
offering a white-labeled mobile app and web-based portal so that investors can 
quickly assess what's in their portfolio, how it's allocated, and how their 
performance has changed over time. Looking ahead, the company will continue its 
aggressive pace of innovation, delivering on an ambitious roadmap with its 
clients at the center.

"Eric continues to build an amazing team around him, and their hard work is 
showing with exciting momentum towards achieving our vision," said Joe 
Lonsdale, Addepar Founder and Chairman of the Board. "This is a rare company 
where the second decade is much more exciting than the first - Addepar will 
continue to grow at a high rate for a long time, and will be a much more 
impactful platform than people yet realize, as a key part of the global 
financial infrastructure."

To learn more about Addepar, please visit https://addepar.com/

About Addepar
Addepar is a wealth management platform that specializes in data aggregation, 
analytics and reporting for even the most complex investment portfolios. 
Founded in 2009 by Joe Lonsdale, who currently serves as an active Chairman of 
its Board of Directors and General Partner at 8VC, 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 manage investments and make more informed decisions. Addepar works with 
hundreds of leading financial advisors, family offices and large financial 
institutions that manage data for over $2.7 trillion of assets on the company's 
platform. In 2020, Addepar was named as a Forbes Fintech 50 company and honored 
as a member of the CB Insights Fintech 250. Addepar is headquartered in Silicon 
Valley and has offices in New York City, Salt Lake City and Edinburgh. All 
brokerage services are offered through Acervus Securities Inc., member FINRA / 
SIPC.

About D1 Capital Partners
D1 Capital Partners is a global investment firm that operates across public and 
private markets. The firm combines the talent and operational excellence of a 
large, premier asset management firm with the flexible mandate and long-term 
time horizon of a family office. Founded in 2018 by Daniel Sundheim, D1 focuses 
on investing in the global internet, technology, telecom, media, consumer, 
healthcare, financial, industrial, and real estate sectors.

 
SOURCE: Addepar


CONTACT: Meagan Ward, meagan.ward@addepar.com