How to Invest in Addepar Stock in 2024

Addepar is a leading wealth management platform that provides an all-in-one software solution for financial advisors, private banks, and family offices. Founded in 2009 by Joe Lonsdale and Jason Mirra, Addepar addresses the fragmented nature of financial software by offering a unified platform that integrates reporting, trading, rebalancing, forecasting, billing, and more. As of 2024, Addepar manages over $6 trillion in assets, processes millions of custody accounts daily, and supports hundreds of thousands of users globally.

How to Buy Addepar Stock

Addepar is currently a private company, meaning it does not trade on public stock exchanges and lacks a stock symbol. However, accredited investors can purchase shares through Hiive, a platform for buying shares of privately held, venture capital-backed companies.

Accreditation Requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• An individual annual income of $200,000 or a joint income of $300,000.
• A net worth exceeding $1,000,000, excluding the primary residence.
• Status as a qualifying financial professional.

On Hiive, investors can browse listings of Addepar stock, negotiate prices, or accept asking prices set by sellers, who may be current or former employees, venture capitalists, or angel investors.

Can Retail Investors Buy Addepar Stock?

Retail investors cannot currently purchase Addepar stock while the company remains private. They will have to wait for an initial public offering (IPO) to invest. Although there is no official announcement regarding an IPO, Addepar’s growth trajectory and backing by prominent investors suggest a public offering could be on the horizon.

Addepar’s Growth and Market Position

Addepar has demonstrated significant growth, with its platform managing over $6 trillion in assets as of 2024. The company’s innovative approach to data aggregation, analytics, and reporting has attracted a diverse clientele, including registered investment advisors (RIAs), private banks, and family offices. Addepar continues to expand its offerings, incorporating features like visual ownership maps and automated billing reconciliation to enhance client experience.

Funding and Valuation

Addepar has raised approximately $531 million across multiple funding rounds. Its most recent Series F round in June 2021 raised $166 million, valuing the company at $2.17 billion. Key investors include 8VC, D1 Capital Partners, Valor Equity Partners, and WestCap.

FAQs About Investing in Addepar

What is Addepar?
Addepar is a wealth management platform that consolidates and unifies asset and portfolio data, providing comprehensive reporting and analytics for financial advisors and institutions.

How can I invest in Addepar before it goes public?
Accredited investors can purchase shares through Hiive, a marketplace for private company investments.

When is Addepar expected to go public?
There is no confirmed timeline for an Addepar IPO, but its growth and investor backing suggest a public offering could occur in the future.

What are the risks of investing in private companies like Addepar?
Investing in private companies involves risks such as limited liquidity, market volatility, and the uncertainty of an IPO timeline.

Who are the major investors in Addepar?
Major investors include 8VC, D1 Capital Partners, Valor Equity Partners, and WestCap.