Emerging and High Growth Companies

Portage in Nesto’s $80 million Series C financing round

Portage Ventures
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Samuel Cantin

Associate, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal

On December 13, 2022, Nesto, a Montreal-based online mortgage lender, completed its $80 million Series C financing round with participation from Portage. Nesto will use the funding from the all-equity round to develop its technology, expand its marketing capabilities across Canada, and launch its B2B mortgage offering.

Portage is a global fintech and financial services investment platform. Its mission is to empower entrepreneurs reshaping financial services.

Osler, Hoskin & Harcourt LLP advised Portage with a team consisting of Shahir Guindi, Marc-William Carrothers, Samuel Cantin (Corporate), and Manon Thivierge (Tax).

Value
$80 million
Date Closed
December 13, 2022
Lead Office
Toronto
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Samuel Cantin

Associate, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal