# Addepar

Dashboard for wealth managers to analyze, report, and manage complex investment portfolios

## Key Metrics
- **Revenue**: $275.00M (2024)
- **Valuation**: $3.25B (2025)
- **Funding**: $790.00M (2025)
- **Growth Rate (y/y)**: 31% (2024)

[View PDF](/content/document/addepar/export/pdf/index.html)

## Details
- **Headquarters**: Mountain View, United States  
- **CEO**: Eric Poirier  
- **Website**: [addepar.com](https://www.addepar.com/)

## Milestones
**Founding Year**: 2009

## Revenue
### Addepar Data Summary

- **ARR**: $275.0M
- **ARR Growth**: ↑ 31.0% YoY

Source: [Sacra](/content/c/addepar/index.html)

Updated: Dec 13, 2025

Sacra estimates that [Addepar](/content/c/addepar/index.html) generated $275M in revenue in 2024, up 31% from $210M in 2023. This represents a reacceleration from 2023's 27% year-over-year growth rate, driven by significant AUM expansion and large enterprise deals.

The company serves approximately 1,200 client firms as of 2024, with average revenue per customer rising to $229,000. While RIAs represent about 50% of Addepar's client base, they account for a disproportionate share of managed assets.

## Valuation & Funding
### Addepar Valuation Summary

- **Valuation**: $3.3B  
- **Total Raised**: $790M

Source: [Sacra](/content/c/addepar/index.html)

Updated: Dec 13, 2025

In May 2025, [Addepar](/content/c/addepar/index.html) closed a $230 million Series G at a $3.25 billion valuation.

## Product
[Addepar](/content/c/addepar/index.html) provides a cloud-based wealth management platform that integrates data across custodians and asset classes, allowing wealth managers to track complex portfolios effectively.

The platform aggregates data from over 350 custodial institutions across 45 countries, enabling advisors to track both standard financial products and alternative assets.

## Business Model
[Addepar](/content/c/addepar/index.html) employs a B2B SaaS model with AUM-based pricing, charging between 0.008% and 0.03% of assets under management.

## Competition
### Established Wealth Management Platforms
- Envestnet's Tamarac (18% market share)
- Orion (14%)
- SS&C Technologies' Black Diamond (8%)

### Alternative Investment Specialists
Competitors are developing capabilities to manage alternative investments alongside traditional assets.

### Custodian-Provided Tools
Major custodians like Schwab and Fidelity offer basic advisor platforms but lack the sophisticated capabilities that [Addepar](/content/c/addepar/index.html) provides.

## TAM Expansion
### RIA Market Penetration
Despite capturing $2 trillion in RIA assets, Addepar has only penetrated about 2.7% of the market.

### Alternative Investment Growth
Private market assets are expected to exceed $30 trillion globally by 2030, offering substantial growth potential for [Addepar](/content/c/addepar/index.html).

### Global Expansion
[Addepar's](/content/c/addepar/index.html) partnership with Itaú Private demonstrates its strategy for international growth.

## Risks
1. **Premium Pricing Barriers**: Higher pricing compared to competitors may limit market penetration.
2. **R&D Investment Balance**: Heavy investment in technology may extend the path to profitability.
3. **Competitive Technology Erosion**: Evolving competition may erode [Addepar](/content/c/addepar/index.html)'s key differentiators.

## News
### Addepar Launches Family Office Tracker Covering $1.4 Trillion
Addepar's Family Office Portfolio Tracker highlights shifting investment trends.

### Addepar Launches ADX, Managing $9 Trillion in Assets
Addepar positions itself as a pivotal player in the wealth management sector.

### AC Family Office Expands Leadership Team with Addepar Integration
Highlighting a strategic pivot toward enhanced client service and operational efficiency.

## Filings
| Name     | Type                     | Filed At       | 
|----------|--------------------------|----------------|
| addepar_coi_2024-12-30 | Certificate of Incorporation | Dec 30, 2024 |  
| addepar_coi_2020-11-10 | Certificate of Incorporation | Nov 10, 2020 |  
| addepar_coi_2021-06-07 | Certificate of Incorporation | Jun 02, 2011 |

## Valuation & Funding History
| Date      | Event         | Valuation | Amount    | Price      | Status |  
|-----------|---------------|-----------|-----------|------------|--------|  
| May 2025  | Tender Offer  | $3.2B     | $230.0M   | $4.00      | Closed |  
| May 2025  | Series G      | —         | —         | —          | Closed |  
| Jun 2021  | Series F      | —         | —         | —          | Closed |  
| Nov 2020  | Series E      | —         | —         | —          | Closed |  
| Mar 2020  | Growth        | —         | —         | —          | Closed |  
| Jun 2017  | Series D      | —         | —         | —          | Closed |  
| May 2014  | Series C      | —         | —         | —          | Closed |  
| Jun 2011  | Series B      | —         | —         | —          | Closed |

**This report is for information purposes only and does not constitute an offer to sell or buy securities or financial instruments.**