LONDON, May 13 (Reuters) - Wealth management platform

provider Addepar has hit a valuation of $3.25 billion in a fresh

$230 million funding round, as it benefits from a race by

financial advisors to arm wealthy clients with better data in

volatile markets.

Silicon Valley-based Addepar, which counts tech billionaire

Peter Thiel and Donald Trump's crypto czar David Sacks among its

early backers, was last valued at $2 billion at a funding round

in 2021.

The company offers a software platform to wealth managers

and banks such as Morgan Stanley ( MS ) and UBS that

aggregates data from a range of providers, aiming to arm clients

with a clearer view of their portfolios and information to make

investment decisions.

Such data is particularly valuable in times of market

turmoil such as in April, when U.S. President Donald Trump's

imposition of global tariffs sent stocks tumbling.

"We're seeing higher usage than ever by both advisers and

their end clients in recent weeks, as unsurprisingly they key in

on where their exposures are and how they work through that,"

CEO Eric Poirier told Reuters in an interview.

Many clients chose to leave portfolios largely untouched in

the market chaos that followed President Trump's "Liberation

day" on April 2, Poirier said, in a bid to avoid locking in

losses.

The $230 million series G funding round was co-led by

London-based Vitruvian Partners and new York-based WestCap, and

Addepar will use the proceeds to support its global expansion as

well as to return cash to employees and early shareholders, the

company said.

The data start-up has grown rapidly in recent years as banks

worldwide race to win more wealth management business to boost

their fee-based income, as revenue from lending falls in step

with central bank interest rate cuts.

Addepar was founded in 2009 in the wake of the global

financial crisis and serves more than 1,200 client firms

advising on more than $7 trillion in assets, up from $5 trillion

a year ago.

The firm has expanded eastwards from the U.S. through

Europe, CEO Poirier said, and could now seek to grow its

business further in Asia.

The firm's latest funding round included new investor EDBI,

the platform of Singapore's Economic Development Board.