Canadian wealth management tech start-up OneVest raises $20m in Series B funding
Canada-based wealth management technology start-up OneVest has raised $20 million in a Series B round led by Salesforce Ventures.
OneVest raises $20m led by Salesforce Ventures
Allianz Life Ventures and TIAA Ventures also contributed to the round alongside existing investors Deloitte Ventures, Fin Capital, Pivot Investment Partners, Luge Capital, and OMERS Ventures, which previously led the fintech’s $12.7 million Series A round in 2023.
Founded in 2021, OneVest offers a wealth management technology platform designed to enable companies to launch and manage their own wealth programmes. The configurable offering includes investor and advisor interfaces, data aggregation functionalities, a book of record, and a portfolio management engine.
Announcing the news, the fintech says it plans to use the equity to “focus on company growth and product development”. This will include expanding its offerings in alternative investments to help enterprises diversify client portfolios, as well as “building out advanced AI capabilities to enhance decision-making and client engagement”.
OneVest adds that it also plans to deepen its strategic partnerships, following notable partnerships formed with the likes of BlackRock, Vanguard, and Westwood Wealth Management last year.
