Addepar Valued at $2.17 Billion as Investors Bet on Wealth-Management Tech

Wealth-management software provider Addepar Inc. more than doubled its valuation to $2.17 billion from seven months ago in its latest funding round, the company said Tuesday.

Addepar said it had raised $150 million from New York hedge-fund firm D1 Capital Partners. It was previously valued at nearly $1 billion after its last funding round in November, according to a person familiar with the deal.

Read More.