# Wealthsimple funding: rounds and investors

> Wealthsimple has raised $471M across 5 rounds since 2014. Investors include Power Financial Corporation, Redpoint and Inovia Capital.

Source: https://millionrounds.com/company/wealthsimple (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series E startup](https://millionrounds.com/companies)

# Who invested in *Wealthsimple*

5 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Valuation: $4.0B, Oct 2024

Funding summary Updated 26 Oct 2026

**$471M** raised across 5 rounds since 2014, from 5 sources

**$1.9M** Seed **$24M** Series A **$15M** Round **$37M** Series B **$393M** Series E

- **Latest round:** Series E, $393M Oct 2025
- **Step-up i:** 10.6×
- **Investors:** 13

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2014 2016 2018 2020 2022 2024

**$1.9M** Seed

**$24M** Series A

**$15M** Round

**$37M** Series B

**$393M** Series E

- **First round:** Seed, $1.9M
- **Biggest round:** $393M
- **Usual gap between rounds:** 22 months

[**Wealthsimple** Fintech 1 / 24 Their pitch deck **Wealthsimple's pitch deck, 24 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/wealthsimple)

## The rounds

- **Oct 2025** Series E **$393M** *5 new* [Redpoint](https://millionrounds.com/fund/redpoint) [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [TCV](https://millionrounds.com/fund/tcv) [Base10 Partners](https://millionrounds.com/fund/base10-partners) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) Source recorded
- **May 2017** Series B **$37M** *1 returning* [Power Financial Corporation](https://millionrounds.com/fund/power-financial-corporation) Reported by FinSMEs
- **Feb 2017** Round **$15M** *1 new* Power Financial Corp Reported by Reuters
- **Apr 2015** Series A **$24M** *1 new* [Power Financial Corporation](https://millionrounds.com/fund/power-financial-corporation) From a historical funding record
- **Sept 2014** Seed **$1.9M** *6 new* [Impression Ventures](https://millionrounds.com/fund/impression-ventures) [Roger Martin](https://millionrounds.com/fund/roger-martin) [Dan Debow](https://millionrounds.com/fund/dan-debow) [David Ossip](https://millionrounds.com/fund/david-ossip) [Joe Canavan](https://millionrounds.com/fund/joe-canavan) Christian Lassonde From a historical funding record

## Founders and team

From Wealthsimple's own website: 8 on the team.

- **Michael Katchen** Chief Executive Officer
- **Blair Wiley** Chief Legal Officer
- **Brett Huneycutt** Chief Product Officer
- **Diana McLachlan** Chief People Officer
- **Diederik van Liere** Chief Technology Officer
- **Jeff Gowen** Chief Financial Officer
- **Paul Teshima** Chief Marketing and Commercial Officer
- **Radhika Kakkar** Chief Operating Officer

Advisers *Jake Lawrence* *Natalie Wolfsen*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Series A** 2015 **Round** 2017 **Series B** 2017 **Series E** 2025 [Power Financial Corporation](https://millionrounds.com/fund/power-financial-corporation) [Redpoint](https://millionrounds.com/fund/redpoint) [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [TCV](https://millionrounds.com/fund/tcv) [Base10 Partners](https://millionrounds.com/fund/base10-partners) [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) [Impression Ventures](https://millionrounds.com/fund/impression-ventures) [Roger Martin](https://millionrounds.com/fund/roger-martin) [Dan Debow](https://millionrounds.com/fund/dan-debow) [David Ossip](https://millionrounds.com/fund/david-ossip)

## Everyone who backed them

[Power Financial Corporation](https://millionrounds.com/fund/power-financial-corporation) Investment firm **2** rounds

[Redpoint](https://millionrounds.com/fund/redpoint) VC firm **1** round

[Inovia Capital](https://millionrounds.com/fund/inovia-capital) VC firm **1** round

[TCV](https://millionrounds.com/fund/tcv) Private equity **1** round

[Base10 Partners](https://millionrounds.com/fund/base10-partners) VC firm **1** round

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2) Family office **1** round

[Impression Ventures](https://millionrounds.com/fund/impression-ventures) VC firm **1** round

[Roger Martin](https://millionrounds.com/fund/roger-martin) Angel **1** round

[Dan Debow](https://millionrounds.com/fund/dan-debow) VC firm **1** round

[David Ossip](https://millionrounds.com/fund/david-ossip) VC firm **1** round

[Joe Canavan](https://millionrounds.com/fund/joe-canavan) Angel **1** round

Christian Lassonde no record of our own yet **1** round

Power Financial Corp no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=wealthsimple).

## Also claim to have backed them

These 11 firms list Wealthsimple as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site

[ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site

[Plus Capital](https://millionrounds.com/fund/plus-capital) VC firm Per its own site

[Maple Leaf Angels](https://millionrounds.com/fund/maple-leaf-angels) Angel network Per its own site

[Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited) VC firm Per its own site

[Daniel Debow](https://millionrounds.com/fund/daniel-debow) Angel Per its own site

[Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) VC firm Per its own site

[Diagram](https://millionrounds.com/fund/diagram) Venture studio Per its own site

[Diagram Ventures](https://millionrounds.com/fund/diagram-ventures) VC firm Per its own site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

[W Investments](https://millionrounds.com/fund/w-investments-2) Private equity Per its own site

## Quick answers about Wealthsimple

### Who invested in Wealthsimple?

Wealthsimple's investors include Power Financial Corporation, Redpoint, Inovia Capital, TCV and Base10 Partners, and 8 more on record.

### How much has Wealthsimple raised?

Wealthsimple has raised $471M across 5 rounds since 2014.

### When did Wealthsimple last raise?

Wealthsimple's most recent round was a Series E of $393M in Oct 2025.

### What was Wealthsimple's biggest round?

Its most recent round, $393M in Oct 2025, is also its largest on record.

### Who backed Wealthsimple first?

Wealthsimple's first round on record, in Sept 2014, was backed by Impression Ventures, Roger Martin and Dan Debow and 3 others.

### What stage is Wealthsimple at?

Wealthsimple's latest named round is a Series E, in Oct 2025.

### Where is Wealthsimple based?

Wealthsimple is based in Canada.

## Companies like Wealthsimple

In the same sector, and raised in the last eighteen months.

[**Neo Financial** $182M · Oct 2026](https://millionrounds.com/company/neo-financial)[**Timia Capital** Aug 2026](https://millionrounds.com/company/timia-capital)[**Helcim** $59M · Aug 2026](https://millionrounds.com/company/helcim)[**Clearco** $200M · Aug 2026](https://millionrounds.com/company/clearco)[**Resiliocs Intelligence** $53K · Jul 2026](https://millionrounds.com/company/resiliocs-intelligence)[**Koho** $144M · Jun 2026](https://millionrounds.com/company/koho)

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