Sundheim’s D1 boosts Addepar valuation to $2bn

D1 Capital Partners invested $150 million wealth management tech platform Addepar, which now has a pre-money valuation of $2 billion as part of this latest financing round.

Founded in 2018 by former Viking CIO Daniel Sundheim, New York-based D1 manages roughly $34 billion in assets with a focus on investing in the global internet, technology, telecom, media, consumer, healthcare, financial, industrial, and real estate sectors.

According to Prateek Bhide, principal at D1, Addepar has an opportunity to expand its platform to address the $225 trillion in investable assets around the world. “At . . .

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