Addepar

History

Origin

In 2003, Joe Lonsdale, along with Peter Thiel and others, founded Palantir Technologies. In 2009, Lonsdale launched Addepar with Jason Mirra, another Palantir employee. One of their earliest clients was Mark Zuckerberg. The company name is based on a line in Ovid’s Metamorphoses meaning “Add a little to a little and you’ll have a great amount.”

Management transition

In 2013, Addepar sought to transition out of start-up mode, replacing Lonsdale and Michael Paulus with new CEO Eric Poirier, previously of Palantir, and hiring a COO to start building out the company's management. Peter O'Brien is the CRO and Janeen France is the CCO.

Funding and expansion

In 2017, Addepar received a $140 million round of funding from Valor Equity Partners. The same year, Addepar partnered with Morgan Stanley, providing software that consolidated information and tailored reporting about the assets of high net-worth Morgan Stanley clients.

In May 2017, Addepar acquired AltX, a machine learning platform aimed at alternative investments.

In 2019, Addepar launched a mobile app for its portfolio management software.

In 2021, they raised $150 million in a series F round, and then in 2025 raised $230 million in a series G.

In 2025, Addepar acquired Arcus, a small AI startup, for an undisclosed amount.

Products and services

Open API

In September 2016, Salesforce.com announced their partnership with Addepar for Salesforce's Wave Financial Services Cloud for financial advisers, making it easier to see across asset classes and produce a single visual for their clients.

References

References

1. (15 June 2016). "Male CEOs Detail Their Work-Life Rules". Wall Street Journal.
2. Beltran, Luisa. (17 January 2023). "Addepar, a wealth management startup launched by the co-founder of Palantir, is the latest fintech to cut jobs".
3. "How Addepar built an ecosystem around the ultra-high net worth investment community with CEO Eric Poirier". Tearsheet.
4. "Addepar".
5. "Fidelity boosts tech offerings for advisors". Financial Planning.
6. (18 October 2012). "Addepar's Software for the Super-Rich". Bloomberg Businessweek.
7. Hardy, Quentin. (3 August 2014). "Wealth Managers Enlist Spy Tools to Map Portfolios". The New York Times.
8. (8 March 2013). "10 Most Influential RIA Figures Going Into 2013 and How They're Reshaping the Industry, Part 1". RIABiz.
9. (11 September 2012). "Money management, Silicon Valley-style". Fortune.
10. "Addepar Valued at $2.17 Billion as Investors Bet on Wealth-Management Tech".
11. Harris, William. (2025-11-18). "Addepar Appoints Peter O'Brien as CRO and Janeen France as CCO".
12. "Addepar CEO says investors want better returns, fear volatility". Reuters.
13. "Morgan Stanley partners with Addepar to see more of clients' wealth". Reuters.
14. (2017-05-17). "Addepar acquires alt investment platform".
15. "What’s behind Addepar’s latest executive hires". Financial Planning.
16. "Two fintech firms providing tools for uber wealthy clients". InvestmentNews.
17. "Addepar lands $230m Series G at $3.25bn valuation".
18. "Addepar Acquires AI Workflow Automation Startup Arcus". Wealth Management.
19. (26 October 2016). "Addepar: With $500B in Assets & New Salesforce Partnership, Launches Open API". Crowdfund Insider.