Wealthsimple raises $163M for 2 private funds

Ted Liu

Wealthsimple Investments Inc., a wholly owned subsidiary of Wealthsimple Financial Corp., has raised approximately $163 million in aggregated fundraising for two private funds, Wealthsimple Venture Fund I and Wealthsimple Private Credit Fund 1 Trust.

Formerly known as Canadian Shareowner Investments Inc., Wealthsimple Investments is a registered Investment Fund Manager and Investment Dealer.

The Wealthsimple Venture Fund I lets you bankroll the next big thing like a Silicon Valley tycoon — no matter how many commas you’ve got in your net worth.

Level up your portfolio with private credit. Available exclusively to Wealthsimple clients: a new way to diversify your portfolio. The investment is targeted to earn a 9% yield, net of fees.

photo credit: Wealthsimple