Addepar Gets $50M for Wealth Management Dashboard

Mountain View-based Addepar, a developer of financial software aimed at wealth managers, has raised $50M in a Series C funding round, according to the company. The funding came from David Sacks and Valor Equity Partners, along with Formation 8 Partners. Addepar was co-founded by Joe Lonsdale, and is headed by Eric Poirier. Addepar provides dashboarding software that helps wealthy individuals track the performance of their portfolio. Sacks joins Addepar's board as part of the funding. More information »