Returning investor Allianz X helped the digital investment service provider nearly quadruple its valuation to nearly $4.1bn in seven months.

Canada-based digital investment platform developer Wealthsimple received C$750m ($610m) in funding yesterday from investors including Allianz X, a subsidiary of insurance group Allianz, at a valuation of almost $4.1bn.

Meritech Capital and Greylock Partners co-led the round, which also featured DST Global, Sagard, Iconiq Capital, Dragoneer, TCV, iNovia Capital, Base 10 Partners, Redpoint Ventures, Steadfast Capital, Alkeon Capital Management, TSV, Plus Capital and multiple individuals.

Wealthsimple offers an online service that allows users to invest in low-cost index funds while…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn