Wealthsimple announces C$750 million equity round at C$10 billion post-money valuation

Torys acted as counsel to an institutional investor with a team led by Konata Lake and that included Tyler Cassack and Olivia Mazza (corporate/financing).

On October 27, 2025, Wealthsimple Inc. (“Wealthsimple”) announced it signed an equity round of up to C$750 million at a post-money valuation of C$10 billion.

The round includes a C$550 million primary offering and a secondary offering of up to C$200 million, co-led by Dragoneer Investment Group, LLC (“Dragoneer”) and an institutional investor. Other investors include new investor Canada Pension Plan Investment Board (“CPP Investments”), and existing investors Power Corporation of Canada (“Power Corporation”), IGM Financial Inc. (“IGM Financial”), ICONIQ Capital, LLC (“ICONIQ”), Greylock Partners (“Greylock”) and Meritech Sub-Management Corporation (“Meritech”).

Further information can be found on Canada Newswire’s website.

Wealthsimple is one of Canada's fastest growing and most trusted money management platforms. It offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. It currently serves 3 million Canadians and holds $100 billion in assets under administration.

Dragoneer Investment Group is a growth-oriented investment firm with over $30 billion under management and a flexible mandate to invest in high-quality businesses in both the public and private markets.