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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Reuters reported that Kalshi wrapped a $1 billion Series G round at a $40 billion valuation while non-sports markets surpassed $1 billion in annualized revenue. The milestones coincide with new NBA and S&P Dow Jones Indices ties even as Utah and the CFTC pursue separate actions over sports contracts.
FuriosaAI said it closed a $620 million (KRW 820 billion) Series D at a $2.9 billion post-money valuation, according to its blog. Bloomberg reports Korea's National Growth Fund put in about $280 million (KRW 370 billion) and international investors $110 million, with Infinitum the largest overseas backer per Korean press. The company says its RNGD accelerator is in mass production and it will produce 20,000 cards this year.
According to reports, Hex has raised $100 million in a Series D at a $1.2 billion valuation while unveiling Hex 4.0. The funding gives the data platform resources to expand teams and push AI-agent workflows to more than 2,500 customers.
Firehawk Defense announced a Series D of more than $150 million at a valuation above $1.4 billion, led by Advent and Rochefort Asset Management, according to the company. CEO Will Edwards says the funding will scale propellant and rocket-motor production, with an expectation of third-largest U.S. propellant output by the end of 2027.
Upwind secured $400 million in Series C funding at a $3.8 billion valuation after revenue quadrupled in 2026. The capital will accelerate product work and go-to-market growth for its cloud and AI security platform.
