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).