Addepar, a Manhattan-based wealth management and investment software provider, is discussing raising $250 million at a $3.25 billion pre-money valuation, with participation from existing investors such as 8VC, Valor Equity Partners, and WestCap. The company, managing over $7 trillion in assets across 1,200 institutions, plans to use the new funding for a tender offer to buy shares from existing holders. With expectations of becoming cash flow positive and generating hundreds of millions in revenue by 2025, Addepar continues to expand its services for banks, family offices, and registered investment advisers.

Addepar Seeks Funding at $3.25 Billion Pre-Money Valuation