#nesto Tech News.
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Montreal-based mortgage and finance tech startup Nesto raised a CA$302M Series E at a CA$1.47B valuation. The funding will expedite deployment of its lending platform.
Montreal-based nesto raised CAD302 million in Series E funding at a CAD1.47 billion valuation. The mortgage technology platform will use the capital to accelerate development of its Nesto Cloud and Maestro AI platforms and scale into broader financial services. Investors included La Caisse, Fidelity Investments Canada ULC, and Endeavor Catalyst.
Montreal-based online mortgage lender Nesto secured a nearly $1.5-billion CAD valuation in a Series E round that included $107 million in primary capital and $195 million in secondary capital. The company will use the funds to develop AI capabilities and scale its platform.
Nesto closed a CAD 302 million Series E financing round at a CAD 1.47 billion valuation. The round includes new investors La Caisse, Fidelity Investments Canada ULC, PICTON Investments, and Endeavor Catalyst, plus existing backers. The capital will accelerate deployment of Nesto Cloud's AI-powered lending platform and its Maestro AI orchestration platform.
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