Wealthsimple Valuation Reaches $10 Billion
Wealthsimple has raised $750 million in its latest equity round, valuing the company at $10 billion.
The startup has reached $100 billion in assets under management as of October.
Investment Details
The capital raise is co-led by Dragoneer Investment Group and GIC in Singapore.
- Primary offering: $550 million
- Secondary offering: up to $200 million
New investors include Canada Pension Plan Investment Board, while existing investors such as IGM Financial Inc., ICONIQ, Greylock, Meritech and Power Corp. are also participating.
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Author's summary: Wealthsimple raises $750 million in equity round, valued at $10 billion.