Funding round
Wealthsimple Growth
Reported as "Growth Equity"
Wealthsimple, which works in investment management services in Toronto, raised $540M in a Growth round announced on 27 Oct 2025, led by Dragoneer Investment Group and GIC, at a $7.10B post-money valuation. 8 firms took part, 5 of them already investors. It is Wealthsimple's fourth venture round on record; the one before was a Growth in May 2021.
$540M
Amount raised
750,000,000 CAD converted
$7.10B
Post-money valuation
$6.56B pre-money
8
Investors
2 leads
1.7x
Step-up from the Growth
$4.07B in May 2021
7.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wealthsimple at $7.10B after the new money, 1.7 times the $4.07B of its Growth (May 2021). The $540M bought investors about 7.6% of the company. It came 53 months after Wealthsimple's Growth. It is 45% of the $1.19B Wealthsimple has raised in the venture rounds on record. No later venture round is on record for Wealthsimple.
Wealthsimple's funding rounds
Wealthsimple has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Dragoneer Investment Group and GIC led the round with 6 other firms. Power Corporation of Canada, IGM Financial Inc., ICONIQ and Greylock Partners and 1 more had backed Wealthsimple before.
Lead investors
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
Also in the round
- Canada Pension Plan Investment Board new investor
- Power Corporation of Canada existing investor
- IGM Financial Inc. existing investor
- ICONIQ existing investor
- Greylock Partners backs 190 venture-backed companies existing investor
- Meritech Capital backs 84 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $60M, and this round was 9.0 times the median. The closest in time, other companies' Growth rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 22 Oct 2025 | $70M | not disclosed | Illuminate Financial |
| FNZ Investment Consultants & Financial Advisors | 12 Nov 2025 | $650M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 14 Nov 2025 | $216M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 3 Sep 2025 | $147M | not disclosed | Winklevoss Capital and Nakamoto |
| Investment Consultants & Financial Advisors | 16 Aug 2025 | $50M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 27 Aug 2025 | $30M | not disclosed | Aquiline Capital Partners and Brewer Lane Ventures |
| iCapital Investment Consultants & Financial Advisors | 10 Jul 2025 | $820M | $7.50B | T. Rowe Price and SurgoCap |
| Investment Consultants & Financial Advisors | 31 Jul 2025 | $150M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Wealthsimple raise in its Growth round?
Wealthsimple raised $540M in its Growth round, announced in Oct 2025.
Who led Wealthsimple's Growth round?
Dragoneer Investment Group and GIC led it, with Canada Pension Plan Investment Board, Power Corporation of Canada, IGM Financial Inc., ICONIQ and Greylock Partners and 1 more.
What was Wealthsimple's valuation at the Growth round?
$7.10B post-money ($6.56B pre-money).
How does it compare with other Growth rounds in Investment Consultants & Financial Advisors?
25 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $60M, and this round was 9.0 times the median.