Tech Company Financing Transactions
Wealthsimple Funding Round
On 5/12/2017, Wealthsimple raised $37 million in Series B funding from Power Financial Corporation and private investors.
Transaction Overview
Company Name
Announced On
5/12/2017
Transaction Type
Venture Equity
Amount
$37,000,000
Round
Series B
Investors
Power Financial Corporation (Paul Desmarais III)
Proceeds Purpose
Wealthsimple will use the new funds to continue its expansion in the United States and Canada.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
241 Spadina Ave. 3rd Floor
Toronto ON, M5T 2E2
Canada
Toronto ON, M5T 2E2
Canada
Phone
Website
Email Address
Overview
We're on a mission to make financial services simple and affordable for everyone. Backed by some of the biggest names in finance and tech, we're growing quickly and going global. We're motivated by delivering long-term value to our clients, and believe the opportunity to reinvent financial services for a new generation is all within our grasp.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Katchen
Chief Financial Officer
Aimee Fearon
Chief Operating Officer
Brett Huneycutt
Chief Technical Officer
Karney Li
VP - General Counsel
Blair Wiley
VP - Human Resources
Marina Harris
VP - Product Management
Rudy Adler
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We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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