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On October 27, 2025, Wealthsimple announced that it has signed a Series E round of up to $750 million at a post-money valuation of $10 billion. The round, which includes both a $550-million primary offering and a secondary offering of up to $200 million, is co-led by Dragoneer Investment Group and GIC. Other investors include new investor Canada Pension Plan Investment Board (CPP Investments) and existing investors Power Corporation of Canada, IGM Financial Inc., ICONIQ, Greylock and Meritech.
Founded in 2014, Wealthsimple is Canada’s largest and most popular digital wealth manager. Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team consisting of Chad Bayne, Justin Dharamdial, Ferial Fekri, Nik Popovski and Husnain Malik (Emerging and High Growth Companies).
Parties
Company
Wealthsimple
Company
Dragoneer Investment Group
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date