Global wealth and investment management technology and data platform Addepar has announced the closing of its $230m series G investment round.

The round was co-led by London-based Vitruvian Partners and New York-based returning investor WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners.

They were joined on the round by global investor EDBI, operating under SG Global Capital, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore, as a new investor.

Addepar’s clients, which include single family offices, financial advisers, large banks, and alternative fund managers, use its platform to manage and advise on more than $7trn of client assets.

The firm serves more than 1,200 client firms across over 50 countries, and adds $25bn in new assets on average each week.

The proceeds from the series G funding round will be primarily used to provide liquidity to employees and other investors through a tender offer, enabling them to realise the value of their contributions, alongside further investment in innovation and client capabilities.

"This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients," commented Addepar chief executive officer, Eric Poirier.

"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.

“This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world’s leading firms with deep and lasting innovation.

“It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence."

Vitruvian Partners partner, Luuk Remmen, added: “Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact.

“We’re proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar’s next phase of global growth and extend its transformative solutions to more investment professionals worldwide.”

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