Wealthsimple

Wealthsimple in its $750 million financing

Client

Wealthsimple

Value

$750 million

Service

Emerging and High Growth Companies

Date Closed

May 2021

Industry

FinTech

Lead Office

Toronto

 

On May 3, 2021, Wealthsimple announced its $750 million financing round at a post-money valuation of $5 billion. The financing round is led by Meritech and Greylock. The capital raised in the financing round will be used to further expand its market position, build out its product suite and grow its team.

Wealthsimple is an online investment management firm focused on its automated management platform targeted towards financial planners, investment advisors, portfolio managers and dealers.

Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team consisting of Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies), Paul Seraganian and Andrew Granek (U.S. Tax), Steven Dickie (Employment & Labour), Kojo Hayward (Corporate), Ferial Fekri and Rob Valentini (Articling Students).