October 28, 2025
Wealthsimple Raises C$750 Million At C$10 Billion
Wealthsimple will raise up to C$750 million at a C$10 billion valuation. Foreign funds co-lead the round, but control stays with Canadian owners. The deal mixes C$550 million of new money with up to C$200 million of existing shares, which spreads cost between new backers and early sellers. The company says it is profitable and holds C$100 billion in assets, which gives it room to expand products in Canada, based on its own update on October 27, 2025. Global Funds Put In Cash GIC and Dragoneer will lead the funding, joined by CPP Investments. That mix brings foreign cash in,
