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.
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 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).