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Valor Equity, Yammer founder lead $50m Addepar Series C round

14 May 2014

network dataValor Equity Partners has joined Yammer founder and former PayPal COO David Sacks in leading a $50m Series C financing round for financial data technology platform Addepar.

The company had previously raised $16m in previous funding rounds from investors including Peter Thiel and Blumberg Capital.

Sacks said, “Addepar brings Silicon Valley innovation to a massive set of challenges faced by the financial services industry.

“The global financial markets have become exponentially more complex in the last 20 years, yet financial technology has virtually stood still.

“There is an enormous gap between what the industry needs and what legacy products can deliver.

“As an Addepar user, I know first-hand how unique the product is, and I see an extraordinary opportunity to disrupt the industry with this technology.”

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