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Wealthsimple Valued at C$10 Billion After C$750 Million Raise

10/28/2025

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Summary

Story summary

Wealthsimple Financial Corp. raised C$750 million ($536 million) in an equity round, valuing the company at C$10 billion.
The funding, co-led by Dragoneer Investment Group and GIC, includes a C$550 million primary offering and a secondary offering of up to C$200 million.
Canada Pension Plan Investment Board is investing for the first time, joining existing investors like IGM Financial and Power Corp., which holds a 54% stake.
Wealthsimple recently reached C$100 billion in assets under management, doubling from last year, and CEO Michael Katchen reiterated plans for a future IPO.

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Story summary

Wealthsimple Financial Corp. raised C$750 million ($536 million) in an equity round, valuing the company at C$10 billion.
The funding, co-led by Dragoneer Investment Group and GIC, includes a C$550 million primary offering and a secondary offering of up to C$200 million.
Canada Pension Plan Investment Board is investing for the first time, joining existing investors like IGM Financial and Power Corp., which holds a 54% stake.
Wealthsimple recently reached C$100 billion in assets under management, doubling from last year, and CEO Michael Katchen reiterated plans for a future IPO.