# Nesto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nesto

- Industry: Financial Services
- Headquarters: Montreal, Canada
- Website: www.nesto.ca
- Total disclosed funding: $347M
- Latest round: Series E (Jun 10, 2026)
- Investors on record: 14

## About

Based in Canada, Nesto Inc. functions as a digital mortgage lender, offering a seamless, technology-driven experience for consumers seeking mortgage financing across various regions in Canada.Nesto Inc. was founded in 2018 in Montreal, Canada, as a digital mortgage lender specializing in streamlined financing solutions. The company was established by founders Chase B., Damien Charbonneau, Karim Benabdallah, and Malik Yacoubi, who serves as CEO. Nesto is a digital mortgage lender that specializes in providing a streamlined and technology-driven mortgage financing experience for consumers in Canada. Its core offerings include traditional fixed-rate mortgages, variable-rate mortgages, and refinancing options targeted at first-time homebuyers and those looking to renew existing mortgages. Utilizing advanced AI algorithms, Nesto helps users access competitive mortgage rates tailored to their financial profiles, thereby simplifying the complexities of mortgage financing, such as the mortgage stress test and amortization periods. The company serves customers across Canadian provinces, including Ontario, Alberta, British Columbia, and Quebec.Nesto generates revenue primarily through facilitating mortgage transactions between clients and lenders, operating as an online brokerage. The company earns commissions based on the mortgages processed when customers secure financing through its platform. Clients benefit from personalized mortgage rates and expert advice without upfront fees, as the model is commission-based. Additionally, Nesto’s low-rate guarantee and tools like mortgage calculators enhance customer engagement and retention. In June 2026, Nesto Inc. raised CAD 302 million in series E funding co-led by new investors La Caisse and Fidelity Investments, with participation from other new investors Fondaction CSN, Fonds de Solidarité des Travailleurs du Québec, National Bank of Canada, PICTON Investments, and Endeavor Catalyst. Returning investors NAVentures, Diagram, Portage Ventures, and other unspecified investors also participated in the round. The company will use the June 2026 funding to accelerate development of its technology and AI capabilities, onboard partners and clients faster, and scale its platform across the industry.

## Funding rounds

- Series E, Jun 10, 2026, $217M — Fidelity Investments, PICTON Investments, Endeavor Catalyst, National Bank of Canada, Fondaction, Portage Ventures, Diagram, Fonds de solidarite FTQ, NAVentures, La Caisse
- Series C, Dec 13, 2022, $59M — BMO Capital Partners, Portage Ventures, Diagram, IGM Financial, NAVentures
- Series B, Jun 10, 2021, $62M — Breyer Capital, Portage Ventures, Diagram
- Series A, Jun 2, 2020, $8.3M — Investment Quebec, Diagram

## Investors

- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series A
- Diagram (https://capitalatlas.ai/funds/diagram) — Series A, Series B, Series C, Series E
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series B
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series B, Series C, Series E
- BMO Capital Partners (https://capitalatlas.ai/funds/bmo-capital-partners) — Series C
- IGM Financial — Series C
- NAVentures (https://capitalatlas.ai/funds/naventures) — Series C, Series E
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series E
- PICTON Investments — Series E
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series E
- National Bank of Canada — Series E
- Fondaction (https://capitalatlas.ai/funds/fondaction) — Series E
- Fonds de solidarite FTQ (https://capitalatlas.ai/funds/fonds-de-solidarite-ftq) — Series E
- La Caisse (https://capitalatlas.ai/funds/la-caisse) — Series E