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Announced

WestCap Group led a $117m Series E round in Addepar.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

United States

Domestic

Completed

financial technology

Private

Single Bidder

Minority

FinTech

Private Equity

wealth management platform

Acquisition

Friendly

Synopsis

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WestCap Group, a growth equity firm, led a $117m Series E round in Addepar, a technology platform for wealth management, with participation from 8VC and Sway Ventures. "Addepar will see continued high growth as investment management firms need even greater speed, clarity, and insight to stay competitive and manage risk. The company's performance during this unprecedented time of volatility shows its ability to deliver unmatched value across market cycles," Laurence A. Tosi, WestCap Founder and Managing Partner.

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