When was Envestnet founded?

Envestnet was founded in 1999 and raised its 1st funding round 1 year after it was founded.

Where is Envestnet located?

Envestnet is headquartered in Berwyn, United States. It is registered at Chicago, Illinois.

How many employees does Envestnet have?

As of Mar 31, 2026, the latest employee count at Envestnet is 2778.

Is Envestnet a funded company?

Envestnet is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Jul 10, 2000.

When was the latest funding round of Envestnet?

Envestnet's latest funding was a $***** Post IPO round on Aug 17, 2020, with participation from 0 investor.

What is the annual revenue of Envestnet?

Annual revenue of Envestnet is $1.25B as on Dec 31, 2023.

Where does Envestnet rank among its competitors?

Envestnet ranks 22nd amongst 665 active competitors, of which 104 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Wealthy, which secured $14.5M in Nov, 2025.

Who are the top competitors of Envestnet?

Envestnet's top competitors include Addepar, KFin Technologies and FNZ. Among them, Wealthy secured the most recent funding round in November, 2025.

Envestnet - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cloud-based front and back-office solutions for wealth managers, financial advisors, and financial institutions. It offers services such as financial planning, capital markets assumptions, asset allocation guidance, research, and due diligence on investment managers and funds with portfolio management, trading, rebalancing, and more. It features portfolio management, practice management, reporting, and more.

Website: www.envestnet.com/
Email ID: *****@envestnet.com
Registered Address: Chicago, Illinois

Key Metrics

Founded Year

1999

Location

Berwyn, United States

Stage

Acquired

Latest Funding Round

Post IPO, Aug 17, 2020, $*****

Investors

TCV & 7 more

Ranked

22^nd among 665 active competitors

Annual Revenue

$1.25B as on Dec 31, 2023

Employee Count

2,778 as on Mar 31, 2026

Investment & Acquisitions

Merit & 17 more

Similar Companies

Addepar & 726 more

Exit Details

Acquired by Bain Capital Private Equity (Jul 11, 2024)

View Envestnet's full profile

Envestnet is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ENVESTNET ASSET MANAGEMENT, INC. CIN: 36-4319587 , United States, Active	May 04, 2000	-	-	-
ENVESTNET ASSET MANAGEMENT INDIA PRIVATE LIMITED CIN: U72200KL2001PTC015113 , India, Active	Dec 11, 2001	$42M (As on Mar 31, 2025)	1348 (As on Jan 31, 2025)
ENVESTNET FINANCIAL TECHNOLOGIES, INC. CIN: 812162327 , United States, Active	Dec 26, 999	-	1602 (As on Dec 31, 2024)	-
ENVESTNET, INC. CIN: 1337619 , United States, Active	Feb 10, 2004	$1.25B (As on Dec 31, 2023)	3429 (As on Dec 31, 2022)	-
Folio Dynamics Inc CIN: 1443763 , United States, Active		$5M - $25M (As on Aug 26, 2009)	-	-

Envestnet got acquired by Bain Capital Private Equity on Jul 11, 2024 at an acquisition amount of $4.5B. It was facilitated by J P Morgan, Ropes & Gray, Morgan Stanley and 1 more.

Click here to take a look at Envestnet's acquisition in detail

Envestnet has raised funding over 4 rounds. Its first funding round was on Jul 10, 2000. Envestnet has 8 institutional investors.

Here is the list of recent funding rounds of Envestnet:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 17, 2020	9409061	Post IPO	3446070	9438260	1951694	5791084
May 25, 2018	7041793	Post IPO	6780137	6587571	8651636	4412782
Aug 06, 2003	7589889	Unattributed	3385621	6404582	2968876	Upfront Ventures

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View details of Envestnet's funding rounds and investors

The founders of Envestnet are Bill Crager and Judson Bergman. Chris Todd is the CEO of Envestnet.

Here are the details of Envestnet's key team members:

Bill Crager: Former Co-Founder of Envestnet. They serve on the board of 1 company.
Judson Bergman: Former Co-Founder of Envestnet.
Chris Todd: CEO of Envestnet.
Contact Info: 1 email address

View details of Envestnet's Founder profiles and Board Members

Envestnet's employee count trend

Envestnet has 2,778 employees as of Mar 26. Here is Envestnet's employee count trend over the years:

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Top competitors of Envestnet include Addepar, KFin Technologies and FNZ. Here is the list of Top 10 competitors of Envestnet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Addepar 2009, Mountain View (United States), Series G	Wealth management solutions for advisors	$759M	WestCap, Valor Equity Partners & 57 others	78/100
2nd	KFin Technologies 2017, Hyderabad (India), Public	App-based platform for investments in mutual funds	$42.1M	Kotak Mahindra Bank & 12 others	75/100
3rd	FNZ 2003, London (United Kingdom), Acquired	Wealth management solutions for asset managers	$2.55B	CPP Investments, Temasek & 12 others	74/100
4th	SEI 1968, Oaks (United States), Public	Wealth and investment management solutions for institutional investors	-	Credit Suisse, Capitala Group	74/100
5th	Wealthy 2015, Bengaluru (India), Series B	Provides digital wealth management and curated investment platforms	$36.8M	Alpha Wave Global, Good Capital & 102 others	73/100
6th	Altruist 2018, Culver City (United States), Series F	Portfolio management software for financial advisors	$602M	Insight Partners, Venrock & 16 others	71/100
7th	Avaloq 1985, Zurich (Switzerland), Acquired	Cloud-based solutions for financial institutions	$301M	Warburg Pincus, BlackRock & 2 others	70/100
8th	Broadridge 2007, Nassau (United States), Public	Provider of tech solution for financial service and customer communication	-	Back Bay Group, Zühlke & 2 others	70/100
9th	Centricity 2022, Gurugram (India), Seed	Digital private wealth management platform for individuals	$24M	Burman Family Holdings, Play Holdings & 34 others	67/100
10th	AdvisorEngine 2014, New York City (United States), Acquired	Wealth management software platform empowering financial advisors with technology and services	$60.1M	WisdomTree, Kirenaga Partners	64/100
22nd	Envestnet 1999, Berwyn (United States), Acquired	Cloud-based front and back-office solutions for wealth managers, financial advisors, and financial institutions	-	TCV, Norwest & 6 others	59/100

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Envestnet has made 5 investments in companies including Merit and Ategenos Capital. Envestnet has also acquired 13 companies including Axalta and Redi2 Technologies.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 25, 2024	Investments	Merit	1987	South Jordan (United States)
Sep 04, 2023	Acquisition	Axalta	2013	Philadelphia (United States)
Jun 20, 2023	Investments	Ategenos Capital	2022	Berwyn (United States)