Wealthsimple Announces $750 Million Equity Round
Wealthsimple, Canada’s leading financial innovator, announced a CAD $750 million equity round at a post-money valuation of CAD $10 billion.
The round includes a $550 million primary offering and a secondary offering of up to $200 million, co-led by Dragoneer Investment Group and GIC.
- New investor: Canada Pension Plan Investment Board (CPP Investments)
- Existing investors: Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech
Wealthsimple has been a leader in Canadian finance innovation since 2014, reimagining how Canadians build wealth.
Signals deep conviction from world-renowned investors in Wealthsimple’s role as the future of financial services in Canada.
Author's summary: Wealthsimple raises $750 million.
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