What is Nesto?
Founded in 2018 and headquartered in Montreal, Quebec, Nesto has established itself as Canada's leading digital mortgage lending platform. Operating as a fully online mortgage brokerage and lender, Nesto utilizes advanced technology to streamline the entire mortgage process, from application and underwriting to servicing. The company's proprietary algorithms scan the market to offer competitive mortgage rates on fixed-rate and variable-rate mortgages, with terms typically ranging from two to seven years. Nesto's innovative approach aims to simplify and enhance the homebuying experience for Canadians.
How much funding has Nesto raised?
Nesto has raised a total of $381.3M across 4 funding rounds:
Series A
$8.5M
Series B
$76M
Series C
$80M
Series E
$216.8M
Series A (2020): $8.5M with participation from Investissement Québec and Diagram
Series B (2021): $76M led by Michael Rowell, Diagram Ventures, Portage Ventures, Michael Paulus, and Breyer Capital
Series C (2022): $80M supported by Portage, BMO Capital Markets, Naventure, Diagram, and IGM Financial
Series E (2026): $216.8M featuring PICTON Investments, Endeavor Global, Fidelity Investments Canada, La Caisse, Fonds de Solidarité FTQ, Portage Ventures, and National Bank
Key Investors in Nesto
PICTON Investments
PICTON Investments is a Canadian investment management firm focused on building modern portfolios and alternative investment strategies for institutional and high-net-worth investors, aiming to deliver resilient and diversified investment solutions.
Endeavor Global
Endeavor Global is an organization that supports entrepreneurs with potential for economic and social impact, providing services to help ventures grow, create jobs, and transform economies.
La Caisse
La Caisse (Caisse de dépt et placement du Québec) is a global investment group managing a large diversified portfolio, investing across private equity, public equities, private credit, infrastructure, and real estate as a long-term, constructive capital partner.
What's next for Nesto?
The substantial enterprise-level funding Nesto has attracted, particularly its recent strategic investment, signals a phase of accelerated growth and market penetration. This capital infusion is expected to fuel further technological advancements, expand its service offerings, and potentially broaden its geographic reach within Canada. The company's focus on leveraging technology to disrupt traditional mortgage lending positions it for continued success and innovation in the competitive financial services landscape.
See full Nesto company page
