Fintech startup Addepar Inc., a company that offers a “financial operating system” for investors, has raised $140 million in a late-stage funding round.

Founded in 2009, Addepar offers a technology platform whose data-driven service claims to bring “common sense” to the market. According to the company, its financial operating system gives asset owners and advisers a clearer financial picture. It said the platform can handle all types of assets denominated in any currency visually so users can grasp relevant information and communicate it to clients.

Addepar claims to be used by hundreds of single- and multi-family investment offices, wealth advisers, large financial institutions, endowments and foundations, managing over $750 billion in assets.

“Much of the technology infrastructure that powers global finance was built 20 to 40 years ago; to transform financial services, we need to reimagine and rebuild the foundation,” Addepar co-founder Joe Lonsdale, also a founder of Palantir Technologies Inc. and general partner at the venture capital firm 8VC, said in a statement. He added that Addepar aims to become the “universal operating system” for finance.

“It has connected much of the financial services ecosystem by becoming the leading platform for asset owners and advisors, capturing and aggregating data from multiple sources and helping to apply it in the most intuitive and impactful ways,” he said. “The ecosystem of partners and applications building on top of the platform is just getting going, and will be more important than anybody understands.”

Including the new funding, Addepar has raised $206 million to date. Previous investors include American Pacific Ventures, Blumberg Capital, Burch Creative Capital, Felix Investments, ff Venture, Greenoaks Capital, JCB Investments, Panorama Point Partners, Prometheus Group, SGVC, Signatures Capital, Streamlined Ventures, Sway Ventures, Thrive Capital, White Sand Capital and a number of individual investors, the most notable being Peter Thiel.

The Series D round included Valor Equity Partners, Harry McPike and 8VC. Valor Equity Partners founder and Managing Partner Antonio Gracias, who also sits on the boards of Tesla Inc. and SpaceX, will join Addepar’s board.

The company said it will use the new funding for research and development as well as to expand its existing app ecosystem.

Image: Addepar