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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 says 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 says 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 ºÃÉ«tvwas first published Oct. 27, 2025.