OneVest, a Canadian wealth management startup, has recently secured $17 million in Series A funding. The funding round was led by Whitecap Venture Partners and included participation from several other investors, including Portag3 Ventures, Royal Bank of Canada, and National Bank of Canada.
OneVest is a platform that connects investors with early-stage companies seeking funding. The platform allows investors to browse and invest in a variety of startups, while also providing startups with access to a large pool of potential investors. OneVest also offers tools and resources to help startups manage their fundraising efforts and connect with investors.
The $17 million in funding will be used to further develop the OneVest platform and expand its reach. The company plans to use the funds to hire additional staff, improve its technology, and expand its marketing efforts.
OneVest was founded in 2014 by Ajay Yadav, who previously worked as a venture capitalist. Yadav saw a need for a platform that would make it easier for early-stage companies to connect with investors, and he set out to create OneVest.
Since its launch, OneVest has helped hundreds of startups raise millions of dollars in funding. The platform has also attracted a large community of investors who are interested in investing in early-stage companies.
OneVest’s success is a testament to the growing demand for alternative investment options. As interest rates remain low and traditional investment options become less attractive, many investors are turning to alternative investments like startups. OneVest provides a convenient and accessible way for investors to access this growing asset class.
Overall, OneVest’s $17 million in Series A funding is a significant milestone for the company and the Canadian fintech industry as a whole. With this funding, OneVest is well-positioned to continue its growth and help more startups raise the capital they need to succeed.
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