TORONTO — Wealthsimple Inc. states it is raising up to $750 million in capital in an effort to accelerate its growth.
The equity raise will bring its valuation to $10 billion upon completion.
The equity round includes a $550 million primary offering and secondary offering of up to $200 million and is co-led by U.S.-based Dragoneer Investment Group and Singaporean sovereign wealth fund GIC.
Wealthsimple states the round will also include the Canada Pension Plan Investment Board, a new investor, along with existing investors Power Corporation of Canada, IGM Financial Inc. and others.
Wealthsimple CEO Michael Katchen states in a press release that it was intentional in choosing partners committed to its long-term future.
Last week, Wealthsimple announced its assets under administration reached $100 billion, roughly doubling from a year ago.
This report by The Canadian Press was first published Oct. 27, 2025.
The Canadian Press
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