Wealthsimple claims $5B valuation after Silicon Valley giants lead new funding round

    Michael Katchen, CEO of Wealthsimple at his office in Toronto in April 2017. The Canadian Press/Nathan Denette

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    Amid rising interest in retail stock-trading platforms, Wealthsimple announced today that it raised $750 million at a valuation of $5 billion, in a funding round led by major Silicon Valley investors Meritech and Greylock Partners, with participation from high-profile firm Iconiq Capital. It also included several high-profile individual investors, like musician Drake and actors Ryan Reynolds and Michael J. Fox. Inovia Capital was the only Canadian investment firm participating in the round. Here’s what else you need to know: 

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