About Envestnet
Envestnet is a company based in Berwyn (United States) founded in 1999 by Bill Crager was acquired by Bain Capital Private Equity in July 2024.. The company has 1,433 employees as of April 05, 2024. Envestnet has completed 13 acquisitions, including Axalta, Castle Rock Innovations and Ellevest. Envestnet offers products and services including Trading Platform, Proposal/Risk Tool, Data Aggregation Service, and Tax Management Tool. Envestnet operates in a competitive market with competitors including Addepar, sei, Avaloq, 360 One and Broadridge, among others.
- Headquarter Berwyn, United States
- Employees 1433 as on 05 Apr, 2024
- Founders Bill Crager
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Envestnet Asset Management India Private Limited
- Date of Incorporation 11 Dec, 2001
- Jurisdiction Thiruvananthapuram, Kerala, India
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Annual Revenue
$36.74 M (USD)22as on Mar 31, 2023
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Net Profit
$5.46 M (USD)92.42as on Mar 31, 2023
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EBITDA
$6.49 M (USD)39.21as on Mar 31, 2023
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Latest Funding Round
$517.5 M (USD), Post-IPO
Aug 17, 2020
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Investors
Bain Capital Private Equity
& 1 more
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Employee Count
1433
as on Apr 05, 2024
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Investments & Acquisitions
Axalta
& 12 more
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Acquired by
Bain Capital Private Equity
(Jul 01, 2024)
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Products & Services of Envestnet
Envestnet offers a comprehensive portfolio of products and services, including Trading Platform, Proposal/Risk Tool, Data Aggregation Service, and Tax Management Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for modern trading and investment administration services.
Tool for risk assessment and proposal generation in financial planning.
Service for aggregating and enriching financial data for advisors.
Tool for tax optimization and management in wealth strategies.
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Software Development Team
147 people
Leadership Team
105 people
Product Management Team
88 people
Senior Team
48 people
Data Analysis and Operations Team
34 people
Lead Team
29 people
Sales and Marketing
24 people
Operations Team
17 people
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Funding Insights of Envestnet
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $517.5M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - Envestnet | Valuation |
investors |
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| May, 2018 | Amount | Post-IPO - Envestnet | Valuation |
investors |
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| Aug, 2003 | Amount | Unspecified - Envestnet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Envestnet
Envestnet has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bain Capital Private Equity and Upfront Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location | |
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Envestnet
Envestnet has strategically engaged in corporate development activities, having acquired 13 companies. Notable acquisitions include Axalta, Castle Rock Innovations and Ellevest. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of SaaS-based data aggregation and analytics platform
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2016 | ||||
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Automated investment platform for women is provided via mobile app.
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2014 | ||||
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Personal finance management solutions for banks are provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Envestnet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Envestnet Comparisons
Competitors of Envestnet
Envestnet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Addepar, sei, Avaloq, 360 One and Broadridge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Wealth and investment management solutions are offered to institutional investors.
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| domain | founded_year | HQ Location |
Cloud-based solutions for financial institutions are provided by Avaloq.
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| domain | founded_year | HQ Location |
Asset and wealth management software is provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and financial management solutions are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Envestnet
Frequently Asked Questions about Envestnet
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 Berwyn, Illinois, United States.
Who is the current CEO of Envestnet?
Bill Crager is the current CEO of Envestnet. They have also founded this company.
How many employees does Envestnet have?
As of Apr 05, 2024, the latest employee count at Envestnet is 1,433.
What is the annual revenue of Envestnet?
Annual revenue of Envestnet is $36.74M as on Mar 31, 2023.
What does Envestnet do?
Envestnet was founded in 1999 and is headquartered in Berwyn, United States. Operations focus on the financial technology sector, where cloud-based front and back-office solutions are provided to wealth managers, financial advisors, and institutions. Services encompass financial planning, capital markets assumptions, asset allocation guidance, research, due diligence on investment managers and funds, portfolio management, trading, rebalancing, practice management, and reporting.
Who are the top competitors of Envestnet?
Envestnet's top competitors include Addepar, Delta Capita and sei.
What products or services does Envestnet offer?
Envestnet offers Trading Platform, Proposal/Risk Tool, Data Aggregation Service, and Tax Management Tool.
How many acquisitions has Envestnet made?
Envestnet has made 13 acquisitions, including Axalta, Castle Rock Innovations, and Ellevest.
Who are Envestnet's investors?
Envestnet has 2 investors. Key investors include Bain Capital Private Equity, and Upfront Ventures.
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