# Pine Canada Financial Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pine-canada-financial

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.pine.ca
- Total disclosed funding: $21M
- Latest round: Series A (May 31, 2022)
- Investors on record: 8

## About

Based in Ontario, Canada, and founded in 2021, by co-founders Justin Herlick and Jonathan Shih, Pine Canada Financial Corporation, aka Pine operates as a company that provides an online marketplace for home loans. In May 2022, Pine Canada Financial Corporation raised CAD 21 million in a Series A funding led by Greylock Partners, Inovia Capital, Global Founders Capital, and Intact Ventures.

The company operates an online application through which it allows its customers to apply for a mortgage at a lower rate of interest. Pine also provides renewal and refinancing services to its customer. The company also offer mortgage-related consultancy service.

## Funding rounds

- Series A, May 31, 2022, $16M — Inovia Capital, Greylock Partners, Global Founders Capital, Intact Ventures
- Seed, Jun 1, 2021, $5M — Inovia Capital, Greylock Partners, Thomvest Ventures, Ludlow Ventures, BoxGroup, Original Capital

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed, Series A
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed, Series A
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Seed
- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Original Capital (https://capitalatlas.ai/funds/original-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series A