Addepar, Inc.
About Addepar, Inc.
Company overview
Addepar, Inc., founded in 2009 by Joseph Lonsdale, Jason Mirra, and Brittney Mickel, is a leading wealth management technology company headquartered in Mountain View, California, with additional offices in New York, London, Pune (India), and Dubai. Addepar provides a cloud-based software platform designed to streamline portfolio management, analytics, and reporting for wealth managers, family offices, private banks, and financial advisors. Business/Product Breakdown Addepar offers a comprehensive wealth management platform that aggregates, analyzes, and visualizes complex financial data across diverse asset classes, including equities, fixed income, private investments, and cryptocurrencies. Its core products include: 1. Portfolio Management and Analytics: A unified dashboard for real-time portfolio performance, risk analysis, and asset allocation, integrating public and private investments. 2. Data Aggregation: Connects to 10,000+ custodians and financial institutions, normalizing data from bank accounts, trusts, and alternative assets for a holistic view. 3. Reporting: Customizable, client-ready reports (e.g., performance, tax, ESG) with automated delivery, enhancing advisor-client engagement. 4. Billing and Fee Management: Tools for calculating and automating complex fee structures, integrated with portfolio data. 5. Client Portal: A white-labeled interface for end-clients to view portfolios, performance, and documents securely. 6. Marketplace: Integrations with third-party tools (e.g., BlackRock's Aladdin, Salesforce) and services like tax planning or ESG analytics. Addepar's platform leverages AI for predictive analytics and workflow automation. Revenue is primarily subscription-based (SaaS), with tiered pricing based on assets under management (AUM) and user licenses, supplemented by professional services for onboarding and customization. The platform's open architecture and API support integrations with custodians like Schwab and fintechs like Apex, driving adoption among firms managing $100M-$1T in AUM.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
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401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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