Nesto Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Private

  • Employees
  • 518

Employees

  • Latest Deal Type
  • Series E

  • Latest Deal Amount
  • $219M

  • Investors
  • 20

Nesto General Information

Description

Developer of a mortgage platform designed to make property financing convenient and transparent. The company's platform leverages artificial intelligence algorithms to screen the entire market in search of relevant mortgage products while also furnishing commission-free advice and unbiased support throughout the process, enabling homebuyers to make educated financing and property decisions.

Contact Information

Website
www.nesto.ca
Formerly Known As
10319376 Canada
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 2200 Stanley Street
  • Montreal, Quebec H3A 1R6
  • Canada
+1 (877)
Primary Industry
Other Financial Services
Other Industries
Financial Software
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, Mortgage Tech, FinTech, Real Estate Technology
Corporate Office
  • 2200 Stanley Street
  • Montreal, Quebec H3A 1R6
  • Canada
+1 (877)

Nesto Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Nesto Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC (Series E) 10-Jun-2026 $219M Completed Generating Revenue
8. Later Stage VC (Series D) 01-Jan-2025 Completed Generating Revenue
7. Secondary Transaction - Private Completed Generating Revenue
6. Later Stage VC (Series C) 11-Oct-2022 Completed Generating Revenue
5. Accelerator/Incubator 13-Jul-2021 Completed Generating Revenue
4. Early Stage VC (Series B) 10-Jun-2021 Completed Generating Revenue
3. Early Stage VC (Series A) 03-Jun-2020 Completed Generating Revenue
2. Grant 31-Oct-2018 $11.5K Completed Startup
1. Early Stage VC 26-Jun-2018 Completed Startup
To view Nesto’s complete valuation and funding history, request access »

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Nesto Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a mortgage platform designed to make property financing convenient and transparent. The company's platform
Other Financial Services
Montreal, Canada
518 As of 2026

Toronto, Canada
 

Chicago, IL
 
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Nesto Competitors (4)

One of Nesto’s 4 competitors is Ratehub.ca, a Private Equity-Backed company based in Toronto, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ratehub.ca Private Equity-Backed Toronto, Canada
Avant (Financial Software) Private Equity-Backed Chicago, IL
Lendesk Technologies Formerly VC-backed Vancouver, Canada
True North Mortgage Corporation Calgary, Canada
To view Nesto’s complete competitors history, request access »

Nesto Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Nesto Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds
Fidelity Corporation Minority
Fonds de solidarite FTQ PE/Buyout Minority
La Caisse PE/Buyout Minority
Picton Mahoney Asset Management Hedge Fund Minority
TD Bank (USA) Investment Bank Minority
You’re viewing 5 of 20 investors. Get the full list »

Nesto Acquisitions (1)

Nesto’s most recent deal was a Merger/Acquisition with CMLS Financial. The deal was made on 20-Jun-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
CMLS Financial 20-Jun-2024 Merger/Acquisition Thrifts and Mortgage Finance
To view Nesto’s complete acquisitions history, request access »

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Nesto Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
CMLS Financial Toronto, Canada 1974

Nesto FAQs

  • When was Nesto founded?

    Nesto was founded in 2018.

  • Where is Nesto headquartered?

    Nesto is headquartered in Montreal, Canada.

  • What is the size of Nesto?

    Nesto has 518 total employees.

  • What industry is Nesto in?

    Nesto’s primary industry is Other Financial Services.

  • Is Nesto a private or public company?

    Nesto is a Private company.

  • What is the current valuation of Nesto?

    The current valuation of Nesto is .

  • What is Nesto’s current revenue?

    The current revenue for Nesto is .

  • How much funding has Nesto raised over time?

    Nesto has raised $362M.

  • Who are Nesto’s investors?

    Fidelity, Fonds de solidarite FTQ, La Caisse, Picton Mahoney Asset Management, and TD Bank (USA) are 5 of 20 investors who have invested in Nesto.

  • Who are Nesto’s competitors?

    Ratehub.ca, Avant (Financial Software), Lendesk Technologies, and True North Mortgage are competitors of Nesto.

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