WealthTech firm Addepar raises $117M in Series E funding
Summary
Silicon Valley firm Addepar, a wealth management technology provider has closed a $117 mn Series E funding round, led by WestCap Group. The Addepar team has brought the best of Silicon Valley innovation and Wall Street risk management capabilities together and is fundamentally transforming the financial industry by giving investors more visibility and control over their investments. Addepar, over the past year has continued to invest in innovations, delivering products and launching new offerings that amplify the results wealth managers can bring to their clients as they navigate through the challenging market conditions while adapting to new virtual workforce. The firm is planning to use the finance to support the expansion of the company’s market-leading data aggregation, analysis and reporting platform for investors and advisors. We are winning in our core markets and see a substantial opportunity to grow, and we’re ideally positioned to continue expanding our business in new dimensions as our team drives towards our bold vision with our client, partner and investor community,” said Addepar CEO Eric Poirier.
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