Overview
- The round totals $750 million, comprising $550 million in new capital and a $200 million secondary sale for existing shareholders.
- It was co-led by Dragoneer Investment Group and GIC, with CPP Investments and existing backers including Power Corp., IGM, ICONIQ, Greylock, and Meritech participating.
- Wealthsimple reports surpassing $100 billion in assets under administration, roughly doubling from a year earlier and reaching the mark ahead of prior targets.
- The company says it was profitable in 2024 and 2025 and notes a long-term plan to go public remains in place.
- At a $10 billion valuation—about 10% of client assets—the deal prices the firm at a premium to recent Canadian wealth manager transactions highlighted by analysts.