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Total amount raised
$38M
Latest funding date
2025-01-29
Location
OneVest has successfully raised $24.1 million over three funding rounds, positioning itself as a key player in the wealth management technology sector. The platform offers a range of customizable and modular solutions designed to meet the evolving needs of financial institutions and businesses.
What Is OneVest?
OneVest, founded in 2021 by Nathan Di Lucca and Jakob Pizzera, is a Canadian company revolutionizing wealth management services. The company offers a modular platform that includes no-code personalization, robust integrations, and customizable APIs to meet the diverse needs of financial institutions.
With a growing team, OneVest is dedicated to transforming how businesses deliver wealth management solutions. Their platform supports various functions such as client onboarding, portfolio management, compliance, and more.
OneVest's mission is to power the world's wealth by providing innovative technology that adapts to market trends and evolving customer demands. The company operates primarily in Canada and the USA.
How Much Funding Has OneVest Raised?
- Pre-Seed Round
- Amount Raised: CAD $2.1 million
- Date: Mid-2021
- Lead Investors: Harvest Venture Partners
- Motivation Behind the Round: Initial development and market entry.
- Seed Round
- Amount Raised: CAD $5 million (approx. USD $3.9 million)
- Date: April 2022
- Lead Investors: Luge Capital
- Participants: OMERS Ventures, AAF Management, FJ Labs, NAventures (National Bank of Canada), Panache Ventures, and strategic angels
- Motivation Behind the Round: Accelerate growth, double headcount, grow sales, and support product development.
- Series A Round
- Amount Raised: CAD $17 million (approx. USD $12.7 million)
- Date: June 2023
- Lead Investors: OMERS Ventures
- Participants: Luge Capital, Panache Ventures, AAF Management, FJ Labs (existing); Fin Capital, Pivot Investment Partners, Deloitte Ventures (new)
- Motivation Behind the Round: Accelerate growth, expand into the US market, and expand the team across multiple departments.
- Series B Round
- Amount Raised: USD $20 million (approx. CAD $29 million)
- Date: January 29, 2025
- Lead Investors: Salesforce Ventures
- Participants: Allianz Life Ventures, TIAA Ventures (new); OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, Pivot Investment Partners (returning)
- Motivation Behind the Round: Fuel US expansion, advance AI-driven wealth management capabilities, and scale the platform for major financial institutions.
- Grant
- Amount Received: CAD $100,000
- Date: May 2025
- Grantor: Opportunity Calgary Investment Fund (OCIF Express Program)
- Motivation: Expand OneVest's engineering and product teams in Calgary.
Total Amount Raised: At least USD $38.3M based on disclosed funding across all rounds.
Current Valuation: Not publicly disclosed.
Key Investors
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, backing enterprise software and technology companies. They led OneVest's Series B in January 2025.
- Investment Focus Areas: Enterprise technology, SaaS, financial services
- Notable Investments: DocuSign, Zoom, nCino
- OMERS Ventures
- Details: OMERS Ventures is a venture capital firm based in Toronto, part of the OMERS pension plan. They led OneVest's Series A and participated in the Series B.
- Investment Focus Areas: Technology, innovation, high-growth companies
- Notable Investments: Shopify, Hopper
- Luge Capital
- Details: Luge Capital is a Toronto-based venture capital firm specializing in early-stage FinTech companies. They led the seed round and have participated in subsequent rounds.
- Investment Focus Areas: FinTech, early-stage startups, financial services
- Notable Investments: Flinks, Owl.co
- Allianz Life Ventures
- Details: Allianz Life Ventures is the corporate venture arm of Allianz Life Insurance Company of North America, investing in InsurTech and WealthTech companies.
- Investment Focus Areas: InsurTech, WealthTech, financial services technology
- Notable Investments: Various financial technology startups
- TIAA Ventures
- Details: TIAA Ventures is the corporate venture capital arm of TIAA, focusing on financial technology and wealth management innovation.
- Investment Focus Areas: WealthTech, retirement solutions, financial services
- Notable Investments: Various financial technology startups
- Panache Ventures
- Details: Panache Ventures is a Montréal-based venture capital firm investing in early-stage technology startups. They participated in the Seed and Series A rounds.
- Investment Focus Areas: Early-stage technology, innovation, startups
- Notable Investments: Dialogue, RenoRun
- Fin Capital
- Details: Fin Capital is a venture capital firm focusing on FinTech and financial services. They joined as a new investor in the Series A and returned for the Series B.
- Investment Focus Areas: FinTech, financial services, technology
- Notable Investments: Various FinTech startups
What's Next for OneVest?
OneVest is poised to seize significant opportunities as it expands into the US market and partners with major banks and wealth-management firms. The company's "wealth-as-a-service"platform is set to attract a broad range of clients, from consumer FinTech companies to traditional banks, driven by the growing demand for digital investing solutions.
Future fundraising efforts are likely as OneVest aims to support its rapid growth and new partnerships. However, challenges such as competing in the US market and managing a rapidly expanding team could pose hurdles. Maintaining and expanding partnerships with major financial institutions will be crucial for sustained success.
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