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Events / Business / nesto closes CAD 302M Series E
Business Series E financing

nesto closes CAD 302M Series E

Analysis based on 6 articles · First reported Jun 10, 2026 · Last updated Jun 13, 2026

Sentiment
70
Attention
4
Articles
6
Market Impact
General
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Market Impact

The successful Series E financing round for Nestoil, a leading Canadian mortgage technology platform, is expected to positively impact the financial services and mortgage industries. The capital infusion will accelerate Nestoil's AI and technology development, potentially leading to more efficient mortgage operations and broader AI-powered solutions in the financial sector.

Financial services Mortgage industry Technology
Event Summary

Nestoil, a Canadian mortgage technology and financing platform, successfully closed a CAD 302 million Series E financing round, valuing the company at CAD 1.47 billion. The funding round included new investors such as La Caisse, Fidelity Investments, PKS Investments, and Endeavor Catalyst, alongside renewed participation from existing investors like Portage, Diagram, NAventures, Fonds de solidarité FTQ, and Fondaction. This capital will be used to accelerate the deployment of Nestoil's AI-powered lending platform, Nesto Cloud, across the mortgage financing and broader financial services sectors, enhancing its technology and AI capabilities and enabling faster onboarding of partners and clients.

Entities Involved
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Nestoil
Nestoil successfully closed a CAD 302 million Series E financing round, valuing the company at CAD 1.47 billion, which will accelerate its technology and AI development and expansion into broader financial services.
Importance 100.0 Sentiment 75.0
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NAventures
NAventures, the corporate venture capital arm of National Bank of Canada, is an existing investor that renewed its participation in Nestoil's Series E financing round.
Importance 50.0 Sentiment 10.0
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Fonds de solidarité FTQ
Fonds de solidarité FTQ is an existing investor that renewed its participation in Nestoil's Series E financing round.
Importance 50.0 Sentiment 10.0
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Fondaction
Fondaction is an existing investor that renewed its participation in Nestoil's Series E financing round.
Importance 50.0 Sentiment 10.0
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VSR Ventures Private Limited
Importance 0.0 Sentiment 0.0
stock
National Bank of Canada
Importance 0 Sentiment 0
priv
PKS Investments
Importance 0 Sentiment 0
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Fidelity Investments
Importance 0 Sentiment 0
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