Canada's Wealthsimple Valued at $10 Billion
Wealthsimple Financial Corp. raised $750 million in its latest equity round, valuing the company at $10 billion, making it one of Canada's most valuable startups.
- The capital raise was co-led by Dragoneer Investment Group and GIC.
- The round includes a $550 million primary offering and a $200 million secondary offering.
- Investors include Canada Pension Plan Investment Board, IGM Financial Inc., ICONIQ, Greylock, Meritech, and Power Corp.
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Author's summary: Wealthsimple valued at $10 billion.