Funding round
Addepar Growth
Reported as "Growth Equity"
Addepar, which works in investment platform software development in New York, raised $40M in a Growth round announced on 19 Mar 2020, led by WestCap. 1 firm took part. It is Addepar's fifth venture round on record; the one before was a Series D in Jun 2017.
$40M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Addepar did not disclose a valuation in this round; its last disclosed one was $272M at the Series C (May 2014). It came 33 months after Addepar's Series D. It is 5.4% of the $744M Addepar has raised in the venture rounds on record. Addepar raised again 8 months later: a Series E round of $117M in Nov 2020. Its next priced round, a Series F in Jun 2021, valued it at $2.17B.
Addepar's funding rounds
Addepar has 8 venture rounds on record. This one is highlighted.
- Series A 1 Apr 2010, led by Streamlined Ventures $1.1M
- Series B 1 Jun 2011 $16M
- Series C 13 May 2014, led by Valor and Craft Ventures $50M$272M post-money
- Series D 8 Jun 2017, led by Valor, 8VC and Harald McPike $140M
- Growth this round 19 Mar 2020, led by WestCap $40M
- Series E 18 Nov 2020, led by WestCap $117M
- Series F 16 Jun 2021, led by D1 Capital Partners $150M$2.17B post-money
- Series G 13 May 2025, led by Vitruvian Partners and WestCap $230M$3.25B post-money
Investors
Who put money in
WestCap led the round.
Lead investor
- WestCap backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
250 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 4 Mar 2020 | $340M | not disclosed | Vitruvian Partners |
| Tech Companies | 2 Mar 2020 | $56M | not disclosed | Blisce |
| Olive Tech Companies | 31 Mar 2020 | $51M | not disclosed | General Catalyst |
| Tech Companies | 23 Mar 2020 | $50M | not disclosed | not named |
| Tech Companies | 20 Mar 2020 | $30M | not disclosed | not named |
| Tech Companies | 26 Mar 2020 | $25M | not disclosed | Jerusalem Venture Partners |
| Tech Companies | 26 Mar 2020 | $20M | not disclosed | One Peak |
| Tech Companies | 10 Mar 2020 | $18M | not disclosed | Edison Partners |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Addepar raise in its Growth round?
Addepar raised $40M in its Growth round, announced in Mar 2020.
Who led Addepar's Growth round?
WestCap led it.
What was Addepar's valuation at the Growth round?
It was not disclosed; its last disclosed one was $272M at the Series C (May 2014).
How does it compare with other Growth rounds in Tech Companies?
250 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median.
Did Addepar raise again after this round?
Yes: a Series E round in Nov 2020 of $117M.