nesto Raises CAD302M Series E at CAD1.47B Valuation

Montreal-based nesto, a Canadian mortgage technology and financing platform, has raised 302 million CAD in Series E funding. The company, which specializes in mortgage operations and AI-powered lending solutions, reached a valuation of 1.47 billion CAD with this round.

Investors

The funding round was supported by a group of investors including La Caisse, Fidelity Investments Canada ULC, PICTON Investments, and Endeavor Catalyst, with additional participation from existing investors Portage, Diagram, NAventures, National Bank of Canada, Fonds de solidarité FTQ, and Fondaction.

esto Use of Funds

Nesto plans to use the new capital to accelerate the development of its technology and AI capabilities, including its Nesto Cloud and Maestro AI platforms. The funds will also support faster onboarding of new partners and clients and the scaling of its platform into the broader financial services industry.

About nesto

Founded in 2018, nesto provides mortgage technology and financing solutions to homeowners and financial institutions. Led by co-founder and CEO Malik Yacoubi, the company focuses on building a modern mortgage ecosystem through its proprietary cloud technology and AI-native orchestration platforms.

Funding Details

Company Website: https://nestogroup.ca

Company: nesto
Raised: CAD302M
Round: Series E
Funding Date: June 10, 2026
Additional Investors: La Caisse, Fidelity Investments Canada ULC, PICTON Investments, Endeavor Catalyst, Portage, Diagram, NAventures, National Bank of Canada, Fonds de solidarité FTQ, Fondaction
Company Website: https://nestogroup.ca/
Software Category: Fintech
Source: https://www.globenewswire.com/news-release/2026/06/10/3309762/0/en/nesto-raises-302-million-series-e-at-1-47-billion-valuation-to-accelerate-growth.html