Emerging and High Growth Companies

Wealthsimple in its $114 million equity financing

Wealthsimple
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

James R. Brown

Partner, Corporate, Toronto

On October 14, 2020, Wealthsimple completed a $114 million equity financing led by TCV, a growth equity investor focused on technology. With the investment, Wealthsimple has achieved the rare, “unicorn” status, meaning the startup has achieved a private valuation of US$1-billion or more.

Founded in 2014, Wealthsimple is Canada’s largest and most popular digital wealth manager.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team consisting of Chad Bayne, Justin Dharamdial, Kojo Hayward (Emerging and High Growth Companies) and James Brown (Corporate).

Value
$114 million
Date Closed
October 14, 2020
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

James R. Brown

Partner, Corporate, Toronto