The Toronto-based financial services business announced Monday that it has raised $750 million from six celebrities and more than 15 venture capital investment firms including Meritech, Greylock, Dragoneer and iNovia. The star-studded list of investors includes rapper Drake, actors Ryan Reynolds and Michael J. Loading... Loading... Loading... Loading... Loading... Loading...“I never would have guessed that COVID would have this remarkable tailwind for the investment industry,” Katchen said. Education has long been a cornerstone for Wealthsimple, which has marketed itself as an easy-to-understand investment company operating a website peppered with explainers for investing newcomers. The last time Meritech and Greylock co-led a funding round was the Facebook Series B in 2006, Wealthsimple said.

Source: thestar May 03, 2021 13:55 UTC