Addepar Valued at $2.17 Billion as Traders Wager on Prosperity-Administration Tech

Wealth-management software program service provider Addepar Inc. more than doubled its valuation to $2.17 billion from 7 months back in its most current funding round, the enterprise mentioned Tuesday.

Addepar said it had raised $150 million from New York hedge-fund organization D1 Cash Partners. It was earlier valued at nearly $1 billion soon after its very last funding spherical in November, according to a human being familiar with the deal. Previously traders in Addepar, established in 2009 by Palantir Technologies Inc. co-founder and serial entrepreneur

Joe Lonsdale,

include things like enterprise companies Valor Fairness Associates and WestCap Group.

Turbulent marketplaces

Read more