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Company pair · Software

Addepar vs NetDocuments

Software Addepar private NetDocuments acquired US-headquartered No Canborsa market

Addepar vs NetDocuments: two of the better-known names in software, compared side by side.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

AddeparPRIVATE · US

NetDocumentsACQUIRED · US

Last valuation$3.25B$1.4B

Basis Post-money Basis undisclosed

As ofMay 2025May 2021

Founded20091999

Employees≈1,000≈750

On CanborsaNo marketNo market

At a glance

$3.25B

AddeparPost-money, Series G · May 2025

$1.4B

NetDocumentsWarburg Pincus / Cove Hill ownership deal · May 2021

An acquisition mark and a going-concern print stay on separate scales

Gap

0 of 2

On CanborsaNeither company has a market

Head-to-head · field by field

Addepar vs NetDocuments — side by side

Field

AddeparPRIVATE · FOUNDED 2009

NetDocumentsACQUIRED · FOUNDED 1999

Last valuation

$3.25B Post-money

$1.4B Basis undisclosed

Valuation date

13 May 2025

1 May 2021

Latest round

Series G

Warburg Pincus / Cove Hill ownership deal

Named investors

Valor Equity Partners

Founded

2009

1999

Employees (est.)

≈1,000

≈750

Sector & HQ

Wealth management software (data aggregation, analytics, portfolio reporting) · 🇺🇸 US

Content management / SAAS document management · 🇺🇸 US

Status & market

Private — no Canborsa market

Acquired — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $3.25B for Addepar (post-money, May 2025) and $1.4B for NetDocuments (basis undisclosed, May 2021).

Addepar

$3.25BPost-money · May 2025

NetDocuments

$1.4Bbasis undisclosed · May 2021

ADDEPAR · $3.25B · MAY 2025NETDOCUMENTS · $1.4B · MAY 2021

Addepar vs NetDocuments · what each company discloses

What each company discloses, and what it leaves out

AddeparPRIVATESoftware · US · 2009

+Last disclosed mark $3.25B — post-money, May 2025.

+Founded 2009 .

+≈1,000 employees.

+Latest round: Series G, $230M raised.

NetDocumentsACQUIREDSoftware · US · 1999

+Last disclosed mark $1.4B — basis undisclosed, May 2021.

+Founded 1999 .

+≈750 employees.

Verdict

Verdict

The $3.25B tells you…

What an investor paid for newly issued shares — a primary round, priced post-money.

How much capital arrived with it:$230Min May 2025.

A dated print: it moves only when a newer round is announced.

The $1.4B tells you…

At least one valuation basis is undisclosed, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

What industries are Addepar and NetDocuments in?›

Addepar operates in Wealth management software (data aggregation, analytics, portfolio reporting), and NetDocuments operates in Content management / SaaS document management.

How do Addepar and NetDocuments compare in valuation?›

Addepar is valued at $3.2B, and NetDocuments at $1.4B.

Are Addepar and NetDocuments publicly traded?›

Addepar is private, and NetDocuments is acquired.

Where are Addepar and NetDocuments incorporated?›

Addepar is based in United States; NetDocuments is based in United States.