Wealthsimple Raises Up to CAD $750M at CAD $10B Valuation
Wealthsimple, one of Canada’s leading financial services platforms, has signed an equity round of up to CAD $750 million at a post-money valuation of CAD $10 billion.
The round includes a $550 million primary offering and a secondary offering of up to $200 million, and is co-led by Dragoneer Investment Group and GIC. Additional participants include new investor Canada Pension Plan Investment Board (CPP Investments) and returning investors Power Corporation of Canada, IGM Financial Inc., ICONIQ Capital, Greylock Partners, and Meritech Capital Partners.
Wealthsimple provides an integrated digital financial ecosystem that combines self-directed investing, managed portfolios, crypto assets, spending, tax filing, and advisor tools—all accessible through one platform.
The company’s assets under administration (AUA) have grown from $50 billion in 2024 to $100 billion in 2025, doubling in just one year. Proceeds from the new round will be used to accelerate product innovation across investing, spending, and credit, while also funding strategic platform expansion in Canada and select global markets.
“We were intentional in choosing partners committed to the long-term future of Wealthsimple,” said Michael Katchen, CEO and Co-Founder. “These are well-respected, global investors with proven track records in scaling category leaders who share our vision for the future of financial services.”
Dragoneer, which focuses on high-growth technology and financial platforms, recently led OpenAI’s $8.3 billion capital raise in August 2025 and previously participated in Wealthsimple’s 2021 equity round—one of the largest private financings in Canadian history. That earlier round, co-led by Meritech and Greylock, helped establish Wealthsimple as a cornerstone of the Canadian fintech landscape.
Pictured: Wealthsimple headquarters