Canadian wealthtech platform OneVest has raised CA$17 million (US$12.7 million) in a Series A funding round, led by OMERS Ventures. The funding will be used to fuel the company’s growth, expand into the US market, and hire more personnel.
Facts
- OneVest has secured CA$17 million in a Series A funding round led by OMERS Ventures.
- Existing investors, including Luge Capital, Panache Ventures, AAF Management, and FJ Labs, as well as new investors Fin Capital, Pivot Investment Partners, and Deloitte Ventures, also participated in the funding round.
- Founded in 2021 and headquartered in Calgary, OneVest offers an “all-in-one” wealth management platform to companies, facilitating product expansion, distribution enhancement, and automation of front, middle, and back-office operations.
- The platform provides intuitive interfaces for investors and advisors, data aggregation capabilities, a book of record, and a portfolio management engine. It enables banks and financial institutions to offer customized wealth services within weeks.
- Amar Ahluwalia, co-founder and CEO of OneVest, emphasizes the platform’s ability to implement modern services with built-in compliance requirements.
- The funding will be used to accelerate OneVest’s growth, expand into the US market, and support various corporate purposes, such as hiring new personnel in enterprise sales, business operations, product, and engineering.
- Previously, in April 2022, OneVest had secured $5 million in funding, led by Luge Capital.
