Wealthsimple

Wealthsimple in its $114 million equity financing

Client

Wealthsimple

Value

$114 million

Service

Emerging and High Growth Companies

Date Closed

October 2020

Lead Office

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 has evolved the financial services industry in Canada by bringing smart, simple and affordable financial products and services to market; today over 1.5 million Canadians use Wealthsimple products.

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). 


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Kojo Hayward

Kojo Hayward

Associate, Corporate

James R. Brown | Mining lawyer

James R. Brown

Partner, Corporate