Addepar Gains $117M in Series E Funding

Addepar announced it had closed a $117M Series E funding round, led by WestCap Group. Other investors in the round include 8VC, the venture fund founded by Joe Lonsdale, who is also the founder of Addepar and co-founder of Palantir. Sway Ventures also participated in the round, which brings Addepar's total funding to date to approximately $325 million. The funding will be used to support the expansion of the company's market leading data aggregation, analysis and reporting platform for investors and advisors.

Addepar delivers the world's first interactive investment analysis and reporting technology on a comprehensive financial data platform. This unique combination of capabilities replaces decades-old technology systems still used to track and manage some of the largest investment portfolios in the world. Clients include family offices, registered investment advisors (RIAs), foundations and endowments, global advisories, banks, financial services firms and wire houses. Started by Palantir co-founder Joe Lonsdale, Addepar was founded to bring trust and transparency back to the investment industry.