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Addepar founder Joe Lonsdale's second alts tech startup for RIAs, Opto Investments, leaves 'stealth' mode with $145 million raise and the chutzpah to take on iCapital and CAIS

Opto comes late to the alts game, but at a $475-million valuation, VC backers are seeing founders' vision of a way-upmarket niche

Author Oisin Breen September 23, 2022 at 2:38 AM
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Joe Lonsdale: As the alternative space matures there's room for creative approaches and ... products that might not have worked in the past.

Technology



Related Moves

October 26, 2022 at 1:12 AM

Joe Lonsdale is prepping Lonsdale Investment Technologies for launch 13 years after founding Addepar -- with the new business model too cannibalistic for comfort, some say

The Austin, Texas, serial entrepreneur is still executive chair of, and a big stakeholder in, Addepar but may need a fresh start to manifest his hyped vision of creating high bandwidth financial flow between retail investors and vast private markets.

February 23, 2022 at 12:09 AM

Biz Briefs: Fidelity says humans beat robots, even for Gen Z • Joe Lonsdale's Opto starts signing RIA test-drivers • Vanguard launches oddly delayed fund • Wealthbox hires, and Dynasty buys

Fidelity wins Delta Airlines business with sweetener • Opto pairs-up with Riskalyze and Merchant • Moonfare raises $15 million • CAIS bucks real estate trend • Vanguard launches "curious[ly]" delayed fund • WealthBox, Dynasty, and others buy and hire.

March 8, 2023 at 3:28 AM

Lawrence Calcano, flush with $440-million of PE cash, boosts spending, after iCapital adds $37 billion of non-correlated assets in nine months

The New York City-based CEO of the alts supermarket ordered a hiring spree of computer engineers after financial engineering slows and organic growth starts to kick in.

January 16, 2023 at 6:53 AM

See more related moves

Mentioned in this article:

Addepar
Portfolio Management System
Top Executive: Eric Poirier



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