The all-equity round for the Toronto- and Calgary-based wealth-as-a-service platform was led by OMERS Ventures with participation from existing backers Luge Capital, Panache Ventures, AAF Management, and FJ Labs, and new investors Fin Capital, Pivot Investment Partners and Deloitte Ventures. In April 2022, the company raised $5 million in a seed round led by Luge Capital. (The Logic)
Skip to content
The all-equity round for the Toronto- and Calgary-based wealth-as-a-service platform was led by OMERS Ventures with participation from existing backers Luge Capital, Panache Ventures, AAF Management, and FJ Labs, and new investors Fin Capital, Pivot Investment Partners and Deloitte Ventures. In April 2022, the company raised $5 million in a seed round led by Luge Capital. (The Logic)
Talking point: OneVest said in a press release that the money will be used to speed up the company’s growth, expand into the U.S., and hire across multiple departments. Launched in 2021, OneVest began working with fintech firms, like Neo Financial, to help them launch wealth-management products. The company has since built new platform capabilities and is pivoting to also serve financial institutions such as banks, credit unions, wealth management firms and insurance companies, CEO and co-founder Amar Ahluwalia told The Logic in an email.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
