Big round · 28 October 2026

Wealthsimple raises $425M growth round led by GIC

By Millionrounds ResearchPublished 29 October 2026

Wealthsimple, based in Canada, has raised $425M in a growth round led by GIC, announced on 28 October 2026. 6 other investors joined. It is the 139th largest equity round we recorded in the twelve months to that date, and the 53rd largest growth round of 268. The median growth round over the same period was $109M, so this one is 3.9 times that. Its previous round on record was a Series E of $393M in October 2025, 13 months earlier.

Raised$425M4 sources reported it
StageGrowth4 earlier rounds on record
Investors71 named as lead
Where CACanada

Financial ServicesFintech

How big is it?

Against every equity round we recorded in the twelve months to 28 October 2026. Ranks count companies, so the same raise reported twice is counted once.

#139equity round of the last twelve months
#53growth round of 268 in that time
#2round in Canada, of 60
This round$425M
Median growth round$109M

3.9 times the median growth round of the last twelve months.

Who invested

Also in the round

Funding history

  1. October 2026Growth$425M
  2. October 2025Series E$393M
  3. May 2017Series B$37M
  4. April 2015Series A$24M
  5. September 2014Seed$1.9M

$881M raised across the 5 rounds we hold.

Reported by

  1. Newswire.ca27 October
  2. news.ssbcrack.com28 October
  3. wealthprofessional.ca28 October
  4. The SaaS News29 October

The round's figures come from these reports; each link opens the original.

Other big rounds that week

Fractile$700M Series CServal$150M Series CCohere$5.0B Series EUUpwind$400M Series CApproaching.AI$193M Series BGroup14 Technologies$169M Series D
The companyWealthsimple on Millionrounds→Weekly roundupWeek of 26 October→Monthly roundupOctober 2026→