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Wealthsimple raises C$114M in latest funding round

Wealthsimple Financial Inc. raised C$114 million, on a valuation of C$1.4 billion, in a new funding round led by TCMI Inc., or TCV, alongside Meritech Capital Partners, Greylock Partners, Two Sigma Ventures LP and returning investors Allianz X GmbH.

TCV General Partner David Yuan will join the company's board of directors.