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Jun 10, 2026 12:00 PM

nesto raises $302 million Series E at $1.47 billion valuation to accelerate growth

MONTREAL, June 10, 2026 (GLOBE NEWSWIRE) -- nesto, Canada's leading mortgage technology and financing platform, today announced the successful closing of a CAD 302 million Series E financing round, comprising a combination of primary and secondary capital, at a CAD 1.47 billion valuation, marking a significant milestone in nesto's continued growth and expansion.

The funding round brings together prominent new investors, including La Caisse (formerly CDPQ), Fidelity Investments Canada ULC [certain funds], PICTON Investments, and Endeavor Catalyst, alongside renewed participation from existing investors—Portage, Diagram, NAventures, National Bank of Canada's corporate venture capital arm, Fonds de solidarité FTQ and Fondaction.

Since its inception, nesto has stood out through its unique positioning as a leading provider of mortgage technology and financing solutions. Recently, nesto launched Maestro AI, a unique AI-native orchestration platform designed to drastically simplify end to end mortgage operations and modernize financial workflows.

By combining deep lending expertise with proprietary cloud technology through Nesto Cloud and advanced AI solutions, ...