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

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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.

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