OneVest Raises Capital from OMERS Ventures
Posted on 04/28/2022
OneVest Management Inc. is a wholly owned subsidiary of One Wealth Technologies. OneVest is a financial technology company targeting the wealth management space.
OneVest Management secured C$ 5 million in venture financing to expand the team, grow sales, and drive product development. The round was led by Luge Capital, a fintech-focused venture firm, with participation from OMERS Ventures, AAF Management, FJ Labs, National Bank of Canada’s corporate venture capital arm NAventures, Panache Ventures, and strategic angels. As part of the round, Karim Gillani, former PayPal executive and current General Partner of Luge Capital, will join the OneVest board. Atul Tiwari, former CEO of Vanguard Canada, will become a strategic advisor to the company.
Founded in February 2021, OneVest provides digital wealth management services that can be embedded in consumer-facing products via a set of simple APIs.