Addepar, a US-based technology and data platform used by investment professionals, has announced the closing of a US$230 million Series G funding round.

The round was co-led by Vitruvian Partners, based in London, and returning investor WestCap, headquartered in New York.

Longtime investors 8VC and Valor Equity Partners also took part, along with new investor EDBI through SG Growth Capital, the investment platform of the Singapore Economic Development Board and Enterprise Singapore.

Clients use Addepar’s platform to manage and advise on more than US$7 trillion in assets, up from US$5 trillion a year ago.

The company adds over US$25 billion in new assets weekly, serving more than 1,200 client firms across over 50 countries.

Addepar is used by single-family offices, registered investment advisers, large banks, institutional asset owners and alternative fund managers.

It supports hundreds of thousands of users worldwide and is noted for its relevance in periods of market volatility.

“This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients,”

said Eric Poirier, Chief Executive Officer of Addepar.

“Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights, essential tools for achieving extraordinary outcomes in today’s rapidly evolving financial landscape.

Addepar, headquartered in Mountain View, California, invests more than US$100 million annually in research and development and is on track to reach profitability in 2025.

The Series G proceeds will primarily provide liquidity to employees and existing investors through a tender offer.

Remaining funds will be directed toward enhancing product innovation and expanding client capabilities, helping firms compete in an increasingly complex financial environment.

The company reports strong revenue growth, high client retention, and continued product development.

Founded in the aftermath of the 2008 global financial crisis, Addepar was established to improve how investment professionals access and interpret financial data.

In the current climate of economic uncertainty and market turbulence, Addepar aims to further develop its platform to support clients in managing risk and delivering value with greater speed and accuracy.

Featured image credit: Edited by Fintech News America, based on image by mamewmy via Freepik