Allianz X returned for an $86.7m round that valued the trading, wealth management and personal finance technology producer a shade above $1bn.
Canada-based digital trading technology provider Wealthsimple secured C$114m ($86.8m) on Wednesday from investors including Allianz X, the digital investment arm of insurance group Allianz, at a $1.07bn valuation.
Growth equity firm TCV led the round, which was also backed by venture capital firms Greylock and Meritech Capital as well as VC fund Two Sigma Ventures. TCV general partner David Yuan will get a seat on Wealthsimple’s board of directors.
Wealthsimple has created an automated wealth management software platform that offers…
