Addepar Raises $140 Million

Software company Addepar announced it has raised $140 million in financing. Four investors participated in the funding, among them Valor Equity Partners and 8VC.

Addepar is a financial operating system designed to bring common sense and ethical, data-driven investing to the financial world. Addepar handles all types of assets in any currency, so investors and advisors can maintain a clearer financial picture at every level, all in one place. With customizable reporting, financial managers can visualize and communicate relevant information to anyone who needs it. More than 200 single and multi-family offices, wealth advisors, large financial institutions, endowments, and foundations track more than $550 billion of assets on Addepar’s platform. Addepar has offices in Silicon Valley, New York, Chicago, and Salt Lake City.

The company revealed that the financing will be used to continue Addepar’s international expansion and to fuel moves like its acquisition of Altx earlier this month.