Funding round
Addepar Series E
Addepar, which works in investment platform software development in New York, raised $117M in a Series E round announced on 18 Nov 2020, led by WestCap. 3 firms took part. It is Addepar's sixth venture round on record; the one before was a Growth in Mar 2020.
$117M
Amount raised
Not disclosed
Post-money valuation
3
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 8 months after Addepar's Growth. It is 16% of the $744M Addepar has raised in the venture rounds on record. Addepar raised again 7 months later: a Series F round of $150M in Jun 2021, at $2.17B post-money.
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 19 Mar 2020, led by WestCap $40M
- Series E this round 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 with 2 other firms.
Lead investor
- WestCap backs 36 venture-backed companies new investor
Also in the round
- 8VC new investor
- backs 18 venture-backed companies 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
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cato Networks Tech Companies | 17 Nov 2020 | $130M | $1.00B | Lightspeed Venture Partners |
| Forter Tech Companies | 19 Nov 2020 | $125M | $1.30B | Bessemer Venture Partners and Felix Capital |
| Tech Companies | 12 Nov 2020 | $100M | $800M | Vista Equity Partners |
| Tech Companies | 24 Nov 2020 | $23M | not disclosed | Pitango |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
| Tech Companies | 2 Dec 2020 | $138M | not disclosed | Insight Partners |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Addepar raise in its Series E round?
Addepar raised $117M in its Series E round, announced in Nov 2020.
Who led Addepar's Series E round?
WestCap led it, with 8VC and Sway Capital.
What was Addepar's valuation at the Series E round?
It was not disclosed; its last disclosed one was $272M at the Series C (May 2014).
How does it compare with other Series E rounds in Tech Companies?
104 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was close to the median.
Did Addepar raise again after this round?
Yes: a Series F round in Jun 2021 of $150M at $2.17B post-money.