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 Sep 30, 2026, the latest employee count at Envestnet is 2828.

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.

How much is Envestnet worth?

The last known valuation of Envestnet was $***** as of Jul 04, 2024.

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. Its primary sector is Investment Tech. In United States, the Investment Tech sector has seen $7.07B in funding in 2026 to date.

What is the annual revenue of Envestnet?

Annual revenue of Envestnet is more than $1B as on Dec 31, 2023

Where does Envestnet rank among its competitors?

Envestnet ranks 27th amongst 887 active competitors, of which 110 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was FNZ, which secured $450M in Sep, 2026.

Who are the top competitors of Envestnet?

Envestnet's top competitors include Addepar, Avaloq and KFin Technologies. Among them, FNZ secured the most recent funding round in September, 2026.

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

Envestnet is an acquired company based in Berwyn (United States), founded in 1999 by Bill Crager and Judson Bergman. It operates as a Cloud-based front and back-office solutions for wealth managers, financial advisors, and financial institutions. Envestnet has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 887 active competitors, including 110 funded and 110 that have exited. Its top competitors include companies like Addepar, Avaloq and KFin Technologies.

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, $*****

Last Known Valuation

$***** as on Jul 04, 2024

Investors

Foundation Capital & 7 more

Ranked

27^th among 887 active competitors

Annual Revenue

$1B+ as on Dec 31, 2023

Employee Count

2,828 as on Sep 30, 2026

Investment & Acquisitions

Vestmark & 18 more

Similar Companies

Addepar & 948 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	Reports
Folio Dynamics Inc CIN: 1443763 , United States, Active		$5M - $25M (As on Aug 26, 2009)	-	-
ENVESTNET, INC. CIN: 1337619 , United States, Active	Feb 10, 2004	$1B+ (As on Dec 31, 2023)	3429 (As on Dec 31, 2022)	-
ENVESTNET ASSET MANAGEMENT INDIA PRIVATE LIMITED CIN: U72200KL2001PTC015113 , India, Active	Dec 11, 2001	₹100 - ₹500 Cr (As on Mar 31, 2025)	1348 (As on Jan 31, 2025)
ENVESTNET ASSET MANAGEMENT, INC. CIN: 36-4319587 , United States, Active	May 04, 2000	-	-	-
ENVESTNET FINANCIAL TECHNOLOGIES, INC. CIN: 812162327 , United States, Active	Dec 26, 999	-	1602 (As on Dec 31, 2024)	-

Envestnet got acquired by Bain Capital Private Equity on Jul 11, 2024 at an acquisition amount of $*****.

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	4733276	Post IPO	8962538	2039276	6177979	5107260
May 25, 2018	5521649	Post IPO	4382807	1918187	2486342	1480583
Aug 06, 2003	3424459	Unattributed	5146022	5929118	8443999	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 2,828 employees as of Sep 26. Here is Envestnet's employee count trend over the years:

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Top competitors of Envestnet include Addepar, Avaloq and KFin Technologies. 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, New York City (United States), Series G	Wealth management solutions for advisors	$759M	WestCap, Valor Equity Partners & 60 others	79/100
2nd	Avaloq 1985, Zurich (Switzerland), Acquired	Cloud-based solutions for financial institutions	$301M	BlackRock, Warburg Pincus & 4 others	78/100
3rd	KFin Technologies 2017, Hyderabad (India), Public	Provider of software solutions for transaction management, compliance, and data analytics	$42.1M	Kotak Mahindra Bank, Compar Estates and Agencies	76/100
4th	Broadridge 2007, United States, Public	Provider of tech solution for financial service and customer communication	-	Back Bay Group, Zühlke & 4 others	74/100
5th	FNZ 2003, London (United Kingdom), Acquired	Provider of wealth management platforms for financial institutions and advisors	$3.97B	General Atlantic, Temasek & 14 others	72/100
6th	SEI 1968, Oaks (United States), Public	Wealth and investment management solutions for institutional investors	-	UBS, Capitala Group	70/100
7th	Centricity 2022, Gurugram (India), Series A	Digital private wealth management platform for individuals	$51M	Burman Family, SMBC Asia Rising Fund & 41 others	70/100
8th	Altruist 2018, Culver City (United States), Acquired	Portfolio management software for financial advisors	$602M	Venrock, Insight Partners & 17 others	69/100
9th	Gen II Fund Services 2009, New York City (United States), Acquired	Provider of private equity fund administration services. It offers fund administration, corporate services, tax compliance, and depositary management. The firm utilizes technology to optimize investment management and operational efficiency, providing timely and accurate reporting to investors. Services are tailored to various client sectors, including real assets, fund of funds, and credit. A global team supports clients with local expertise in key financial centers.	-	General Atlantic, Cobepa & 2 others	65/100
10th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	65/100
27th	Envestnet 1999, Berwyn (United States), Acquired	Cloud-based front and back-office solutions for wealth managers, financial advisors, and financial institutions	-	Foundation Capital, TCV & 6 others	57/100

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Envestnet has made 5 investments in companies including Merit and Ategenos Capital. Envestnet has also acquired 14 companies including Vestmark and Axalta.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 12, 2026	Acquisition	Vestmark	2001	Wakefield (United States)
Feb 25, 2024	Investments	Merit	1987	South Jordan (United States)
Sep 04, 2023	Acquisition	Axalta	2013	Philadelphia (United States)