Addepar, a technology platform for wealth management, has raised $150 million from D1 Capital Partners at a pre-money valuation of $2 billion as part of its Series F financing.
The funding will be used to further accelerate the company’s rapid growth, fuelling expansion of the business and workforce into new geographies and driving continued development of Addepar’s category defining platform.
“At D1 we seek to back visionary companies that solve large, pressing problems,” says Prateek Bhide, Principal at D1 Capital Partners. “Addepar has built a world-class wealth management platform and has demonstrated an ability to service some of the industry’s most demanding clients. Addepar has a unique opportunity to rapidly expand the platform to address the $225 trillion in investable assets around the world. We look forward to partnering with them on this journey.”
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