Addepar, based in Mountain View, Calif., was founded in 2009 by Jason Mira and Joe Lonsdale. The CEO is Eric Poirier. The company is a wealth-management platform that specializes in data aggregation, analytics and reporting for complex investment portfolios. Addepar provides wealth managers with real-time portfolio reporting and insights required to make and implement better investment decisions. In October, Addepar was selected by HSBC U.S. Private Banking to serve as the global bank’s consolidated client performance reporting platform.
Among Addepar’s many investors are 8VC, Accelerate-IT Ventures Management, Anduin Ventures, Blumberg Capital, Burch Creative Capital, Cota Capital, D1 Capital Partners, FF Venture Capital, Formation 8, and Hammerstone Capital. The company has raised $491.4 million in funding over six rounds, the latest from a June 2021 Series F round. In June 2021, the company told the Wall Street Journal that it has a valuation of more than $2 billion and has not publicly communicated an intention to IPO.