Wealthsimple’s $750 Million Financing Round

Osler, Hoskin & Harcourt LLP advised Wealthsimple in its financing round, while Latham & Watkins LLP, working alongside McCarthy Tétrault LLP, represented Meritech and Greylock.

Wealthsimple announced its $750 million financing round at a post-money valuation of $5 billion.

The financing round was led by Meritech and Greylock and included a wave of new investors, such as DST Global, Iconiq Capital, Dragoneer Investment Group, iNovia Capital, Base 10, Redpoint Ventures, STEADFAST, Alkeon Capital, TSV, Plus Capital, as well as Power Corp.’s subsidiary Sagard Holdings and current investors Allianz X and TCV.

The capital raised in the financing round will be used to further expand its market position, build out its product suite and grow its team.

Wealthsimple is an online investment management firm focused on its automated management platform targeted towards financial planners, investment advisors, portfolio managers and dealers.

The Osler, Hoskin & Harcourt team consisted of Chad Bayne (Picture), Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies), Paul Seraganian and Andrew Granek (U.S. Tax), Kojo Hayward (Corporate), Ferial Fekri and Rob Valentini (Articling Students).

Latham & Watkins LLP represented Meritech and Greylock with an emerging companies team led by Bay Area partner Ben Potter, with Chicago associate Jana Kovich and Bay Area associate Eunnie Lee. Advice was also provided on tax matters by Bay Area partner Katharine Moir.

McCarthy Tétrault advised Meritech, as Canadian counsel, with a team led by Véronique Wattiez Larose that included Laure Fouin (Private Equity) and Fred Purkey (Tax).



Involved fees earner: Jana Kovich – Latham & Watkins; Yoon Kyung Lee – Latham & Watkins; Katharine Moir – Latham & Watkins; Benjamin Potter – Latham & Watkins; Laure Fouin – McCarthy Tétrault; Fred Purkey – McCarthy Tétrault; Véronique Wattiez Larose – McCarthy Tétrault; Chad Bayne – Osler Hoskin & Harcourt; Justin Dharamdial – Osler Hoskin & Harcourt; Andrew Granek – Osler Hoskin & Harcourt; Kojo Hayward – Osler Hoskin & Harcourt; Jeremy Lin – Osler Hoskin & Harcourt; Paul Seraganian – Osler Hoskin & Harcourt;

Law Firms: Latham & Watkins; McCarthy Tétrault; Osler Hoskin & Harcourt;

Clients: Greylock Partners; Meritech Capital Partners; Wealthsimple;

Sonia Carcano

Author: Sonia Carcano