Funding round
Addepar Series C
Addepar, which works in investment platform software development in New York, raised $50M in a Series C round announced on 13 May 2014, led by Valor and Craft Ventures, at a $272M post-money valuation. 15 firms took part. It is Addepar's third venture round on record; the one before was a Series B in Jun 2011.
$50M
Amount raised
$272M
Post-money valuation
$222M pre-money
15
Investors
2 leads
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Addepar at $272M after the new money. The $50M bought investors about 18% of the company. It came 35 months after Addepar's Series B. It is 6.7% of the $744M Addepar has raised in the venture rounds on record. Addepar raised again 37 months later: a Series D round of $140M in Jun 2017. 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 this round 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 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
Valor and Craft Ventures led the round with 13 other firms.
Lead investors
- Valor backs 143 venture-backed companies new investor
- Craft Ventures backs 197 venture-backed companies new investor
Also in the round
- Formation 8 new investor
- Signature Capital new investor
- Accelerate-IT Advisors new investor
- AITV new investor
- Harrison Lefrak new investor
- backs 39 venture-backed companies new investor
- Daffy new investor
- backs 98 venture-backed companies new investor
- KRM Interests LLC new investor
- backs 70 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 388 venture-backed companies new investor
- Stanley Freeman Druckenmiller new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 5 May 2014 | $160M | $1.16B | Insight Partners |
| Netskope Tech Companies | 15 May 2014 | $35M | $200M | Accel |
| Thumbtack Tech Companies | 22 May 2014 | $30M | not disclosed | Sequoia Capital |
| Tech Companies | 1 May 2014 | $20M | not disclosed | Sapphire Ventures |
| Tech Companies | 1 May 2014 | $8.6M | not disclosed | not named |
| Tech Companies | 1 Jun 2014 | $100M | $500M | Sequoia Capital |
| MediaMath Tech Companies | 3 Jun 2014 | $74M | not disclosed | Spring Lake Equity Partners |
| Tech Companies | 21 Apr 2014 | $70M | not disclosed | Foundation Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Addepar raise in its Series C round?
Addepar raised $50M in its Series C round, announced in May 2014.
Who led Addepar's Series C round?
Valor and Craft Ventures led it, with Formation 8, Signature Capital, Accelerate-IT Advisors, AITV and Harrison Lefrak and 8 more.
What was Addepar's valuation at the Series C round?
$272M post-money ($222M pre-money).
How does it compare with other Series C rounds in Tech Companies?
86 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.5 times the median.
Did Addepar raise again after this round?
Yes: a Series D round in Jun 2017 of $140M.