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Why Did Drake Just Invest in This $5 Billion Canadian Tech Company? More on: Image source: Getty Images A Canadian fintech startup has plenty of star power. The valuation of Toronto-based Wealthsimple soared to $5 billion after raising $750 million in investments from venture capital investment firms and celebrities on May 3, 2021. Among the star-studded investors were rapper Drake, Green Lantern star Ryan Reynolds, and Back to the Future lead actor Michael J. Fox. Wealthsimple is the firm behind some of the leading digital financial products in Canada. Furthermore, it ...

TORONTO - Wealthsimple says a new financing deal involving plenty of star power and venture capital investors has pushed the company's valuation to $5 billion.

Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Last Modified: 1:48 PM CDT Monday, May. 3, 2021 Save to Read Later TORONTO - A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple's valuation to $5 billion and has its CEO anxious to build the brand even further. A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston TORONTO - A new financing deal involvi...

Wealthsimple raising $750 million in latest financing deal, valuation hits $5 billion by The Canadian Press Last Updated May 3, 2021 at 9:58 am EDT TORONTO — Wealthsimple says it has raised $750 million in a financing deal that includes several new venture capital investors as well as a star-studded list of celebrities including Drake and Ryan Reynolds. The deal values the financial services company at $5 billion. Wealthsimple says the financing was led by Meritech and Greylock and includes new investors DST Global, Sagard, Iconiq, Dragoneer, TCV and iNovia as well as others.  In addition ...

Wealthsimple Secures $750 Million Through Latest Investment Round; Now Has Post-Money Valuation of $5 Billion   Canada-based fintech and global digital investing service Wealthsimple announced on Monday it raised CAD$750 million through its latest investment round and now has a post-money valuation of CAD$5 billion. According to Wealthsimple, The round is led by Meritech and Greylock, with participation from DST Global, Sagard, Iconiq, Dragoneer, TCV, iNovia, Allianz X, Base 10, Redpoint, STEADFAST, Alkeon, TSV, Plus Capital, as well as celebrities including Drake, Michael J. Fox, Ryan Rey...