Returning investor Allianz X helped the digital investment service provider nearly quadruple its valuation to nearly $4.1bn in seven months.

Canada-based digital investment platform developer Wealthsimple received C$750m ($610m) in funding yesterday from investors including Allianz X, a subsidiary of insurance group Allianz, at a valuation of almost $4.1bn. Meritech Capital and Greylock Partners co-led the round, which also featured DST Global, Sagard, Iconiq Capital, Dragoneer, TCV, iNovia Capital, Base 10 Partners, Redpoint Ventures, Steadfast…

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