# Wealthsimple raises $425M growth round led by GIC

> Wealthsimple, based in Canada, has raised $425M in a growth round led by GIC, announced on 28 October 2026. 6 other investors joined.

Source: https://millionrounds.com/news/rounds/wealthsimple-growth-round-2026-10 (Millionrounds; every figure on the page links to its filing or article)

Raised **$425M** 4 sources reported it

Stage **Growth** 4 earlier rounds on record

Investors **7** 1 named as lead

Where **CA** Canada

Financial Services Fintech

## 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.

**#139** equity round of the last twelve months

**#53** growth round of 268 in that time

**#2** round 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

- [**GIC** 23 rounds in the last twelve months *Led*](https://millionrounds.com/fund/gic)

Also in the round

- [Inovia Capital](https://millionrounds.com/fund/inovia-capital)
- [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital)
- [CPP Investments](https://millionrounds.com/fund/cpp-investments)
- [Canada Pension Plan Investment Board](https://millionrounds.com/fund/canada-pension-plan-investment-board)
- [IGM Financial](https://millionrounds.com/fund/igm-financial)
- [Power Corporation of Canada](https://millionrounds.com/fund/power-corporation-of-canada)

## Funding history

- October 2026 Growth **$425M**
- October 2025 Series E **$393M**
- May 2017 Series B **$37M**
- April 2015 Series A **$24M**
- September 2014 Seed **$1.9M**

$881M raised across the 5 rounds we hold.

## Reported by

- Newswire.ca 27 October
- news.ssbcrack.com 28 October
- wealthprofessional.ca 28 October
- The SaaS News 29 October

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

## Other big rounds that week

[**Fractile** $700M Series C](https://millionrounds.com/news/rounds/fractile-series-c-2026-10)[**Serval** $150M Series C](https://millionrounds.com/news/rounds/serval-series-c-2026-10)[**Cohere** $5.0B Series E](https://millionrounds.com/news/rounds/cohere-series-e-2026-10)[U **Upwind** $400M Series C](https://millionrounds.com/news/rounds/upwind-series-c-2026-10)[**Approaching.AI** $193M Series B](https://millionrounds.com/news/rounds/approaching-ai-series-b-2026-10)[**Group14 Technologies** $169M Series D](https://millionrounds.com/news/rounds/group14-technologies-series-d-2026-10)

[The company **Wealthsimple on Millionrounds** *→*](https://millionrounds.com/company/wealthsimple)[Weekly roundup **Week of 26 October** *→*](https://millionrounds.com/news/weekly/2026-10-26)[Monthly roundup **October 2026** *→*](https://millionrounds.com/news/monthly/2026-10)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)