Canada's Wealthsimple Valued at $10 Billion
Wealthsimple Financial Corp. has raised $750 million in its latest equity round, valuing the financial services firm at $10 billion.
The capital raise, announced on Monday, is co-led by Dragoneer Investment Group and GIC. The round includes a $550 million primary offering and a secondary offering of up to $200 million.
- Canada Pension Plan Investment Board is investing in Wealthsimple for the first time.
- Existing investors, including IGM Financial Inc., ICONIQ, Greylock, Meritech, and Power Corp., are also participating.
Wealthsimple is now one of Canada's most valuable startups.
Author's summary: Wealthsimple valued at $10 billion after equity round.
More News
- 9 Black Actresses Who Went From Broadway To The Hollywood Big Screen
- Bitcoin Miner TeraWulf (WULF) Stock Jumps 25% On AI News
- Art the Clown Owes One of His 'Terrifier' Victims a Lot of Money
- Liverpool vs. Crystal Palace: Carabao Cup team news & TV info
- Grooming Gangs: A Crisis Ignored by Authorities
- New president of The Church of Jesus Christ of Latter-day Saints inherits a global faith far more diverse than many realize – Baptist News Global
- Ammonnews : The climate panic industry: History shows alarmism fails
- Edwards solidifies TAVR dominance in long-term trial readout
- There’s no elephant in the alt protein room, says GFI CEO Nigel Sizer, but change takes time and money
- Randomly-textured lithium niobate gives snapshot spectrometer a boost – Physics World