Addepar
 | This article contains promotional content. (January 2023) |
 | |
| Type | Private |
|---|---|
| Industry | Financial technology |
| Founded | September 2009 |
| Founders |
|
| Headquarters | , United States |
Number of locations | 7 (2024) |
Area served | Worldwide |
| Key people | Joe Lonsdale (Chairman) Eric Poirier (CEO)[1] |
| Products | Addepar Platform Open API |
| Services |
|
Number of employees | 1000[2] (2023) |
| Website | addepar |
Addepar, Inc. is a cloud based American wealth management software platform for registered investment advisors (RIAs) specializing in data aggregation, analytics, and portfolio reporting.[3] Addepar's clientele is primarily high-net-worth and ultra-high-net-worth individuals and companies.[4][5]
History
[edit]Origin
[edit]In 2003, Joe Lonsdale, along with Peter Thiel and others, founded Palantir Technologies. In 2009, Lonsdale launched Addepar with Jason Mirra, another Palantir employee.[6][7] One of their earliest clients was Mark Zuckerberg.[8] The company name is based on a line in Ovid’s Metamorphoses meaning “Add a little to a little and you’ll have a great amount.”[9]
Management transition
[edit]In 2013, Addepar sought to transition out of start-up mode, replacing Lonsdale and Michael Paulus with new CEO Eric Poirier, previously of Palantir, and hiring a COO to start building out the company's management.[10] Peter O'Brien is the CRO and Janeen France is the CCO.[11]
Funding and expansion
[edit]In 2017, Addepar received a $140 million round of funding from Valor Equity Partners.[12] The same year, the company partnered with Morgan Stanley, providing software that consolidated information and tailored reporting about the assets of high net-worth Morgan Stanley clients.[13]
In May 2017, Addepar acquired AltX, a machine learning platform aimed at alternative investments.[14]
In 2019, Addepar launched a mobile app for its portfolio management software.[15][16]
In 2021, they raised $150 million in a series F round, and then in 2025 raised $230 million in a series G.[17]
In 2025, Addepar acquired Arcus, a small AI startup, for an undisclosed amount.[18]
Products and services
[edit]Open API
[edit]In September 2016, Salesforce.com announced their partnership with Addepar for Salesforce's Wave Financial Services Cloud for financial advisers, making it easier to see across asset classes and produce a single visual for their clients.[19] One month later, Addepar released their Open API.[19]
References
[edit]- ↑ Feintzeig, Rachel (15 June 2016). "Male CEOs Detail Their Work-Life Rules". No. Eastern edition. New York, N.Y., United States: Wall Street Journal. Dow Jones & Company Inc. p. B1. Archived from the original on 28 December 2016. Retrieved 21 December 2016.
- ↑ Beltran, Luisa (17 January 2023). "Addepar, a wealth management startup launched by the co-founder of Palantir, is the latest fintech to cut jobs". Fortune. Archived from the original on 14 February 2023. Retrieved 14 February 2023.
- ↑ "How Addepar built an ecosystem around the ultra-high net worth investment community with CEO Eric Poirier". Tearsheet. Archived from the original on 5 December 2019. Retrieved 26 November 2019.
- ↑ "Addepar". Simple. Archived from the original on 2025-08-07. Retrieved 2025-08-23.
- ↑ "Fidelity boosts tech offerings for advisors". Financial Planning. Archived from the original on 14 November 2019. Retrieved 26 November 2019.
- ↑ Vance, Ashlee (18 October 2012). "Addepar's Software for the Super-Rich". United States: Bloomberg Businessweek. Bloomberg L.P. Archived from the original on 8 August 2024. Retrieved 30 January 2017.
- ↑ Hardy, Quentin (3 August 2014). "Wealth Managers Enlist Spy Tools to Map Portfolios". The New York Times. Archived from the original on 14 February 2023. Retrieved 22 December 2016.
- ↑ Hampton, Dina (8 March 2013). "10 Most Influential RIA Figures Going Into 2013 and How They're Reshaping the Industry, Part 1". United States: RIABiz. RIABiz LLC. Archived from the original on 14 February 2017. Retrieved 13 February 2017.
- ↑ Lashinsky, Adam (11 September 2012). "Money management, Silicon Valley-style". United States: Fortune. Time Inc. Archived from the original on 23 June 2016. Retrieved 27 December 2016.
- ↑ "Addepar Valued at $2.17 Billion as Investors Bet on Wealth-Management Tech". Retrieved 17 June 2021.
- ↑ Harris, William (2025-11-18). "Addepar Appoints Peter O'Brien as CRO and Janeen France as CCO". citybiz. Retrieved 2026-01-17.
- ↑ "Addepar CEO says investors want better returns, fear volatility". Reuters. Archived from the original on 25 November 2019. Retrieved 26 November 2019.
- ↑ "Morgan Stanley partners with Addepar to see more of clients' wealth". Reuters. Archived from the original on 17 September 2019. Retrieved 26 November 2019.
- ↑ "Addepar acquires alt investment platform". Financial Planning. 2017-05-17. Archived from the original on 2020-03-26. Retrieved 2020-03-26.
- ↑ "What's behind Addepar's latest executive hires". Financial Planning. Archived from the original on 13 December 2019. Retrieved 26 November 2019.
- ↑ "Two fintech firms providing tools for uber wealthy clients". InvestmentNews. Archived from the original on 17 September 2019. Retrieved 26 November 2019.
- ↑ "Addepar lands $230m Series G at $3.25bn valuation". FinTech Futures. Retrieved 2026-01-17.
- ↑ "Addepar Acquires AI Workflow Automation Startup Arcus". Wealth Management. Archived from the original on 2025-10-03. Retrieved 2026-01-17.
- 1 2 Hobey, Erin (26 October 2016). "Addepar: With $500B in Assets & New Salesforce Partnership, Launches Open API". United States: Crowdfund Insider. Crowded Media Group. Archived from the original on 30 December 2016. Retrieved 29 December 2016.