Wealthsimple said it agreed an equity round of up to C$425 million at a post-money valuation of C$13.8 billion, led by GIC. The round includes C$300 million in primary capital and up to C$125 million in employee share sales.
The new valuation cements Wealthsimple as one of Canada’s most valuable startups.
Wealthsimple had C$169.2 billion in assets under administration reportedly as of Sept. 30 and more than four million users.
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Bedrock Robotics raised a $600M Series C at a $4.1B post-money valuation co-led by CapitalG and Emergence Capital, bringing total funding to nearly $1B. Its autonomous excavators have done paid work on live job sites since mid-August, and the company says its customer base has more than doubled since 2025. The money goes to more Bedrock-equipped machines and field, commercial and operations teams.
Flapping Airplanes announced a $1 billion Series A on October 21, co-led by Index Ventures and Lux Capital, at what Bloomberg reported was a $6 billion valuation. According to Bloomberg and press reports, that is about four times its January seed valuation. Nvidia is among its investors.
Tractian announced a $130 million Series D led by Sapphire Ventures and co-led by M&G's Catalyst, valuing the Physical AI company at $1.4 billion. The funding will scale its sensor-based platform for monitoring the health of industrial machinery across manufacturing, data centers, utilities and defense.
Blackwall has raised a $100 million Series C at a $2.2 billion valuation, TechCrunch reported. The round supports expansion of its channel-based web traffic security platform for hosting providers.
Legal AI startup Legora has announced a $550 million Series E at an $8.8 billion valuation led by Atreides Management. The funding will support North American growth, expansion into Europe and Asia-Pacific, and investment in agentic capabilities.
