Participated · Series E · Jun 2026

Nesto is a Montreal-based fintech that provides online consumer mortgages and business financing products. The company has more than $80 billion in mortgages under administration and has done $37 billion in originations this year. It generates more than $300 million in annualized revenue and has raised $470 million in capital to date. Nesto is incorporating generative AI into internal operations and products and intends to use new funding to further that work. The firm aims to reduce mortgage underwriting times dramatically — targeting as little as two minutes from a current one-day process — while keeping decisioning auditable and overseen by human underwriters. Nesto plans to expand its business-to-business arm by offering AI-powered products to other financial institutions and is focused on the Canadian market without plans to expand to the United States.

Participated · Series B · Dec 2025

WELLSTAR Technologies offers a comprehensive software platform that includes billing and practice-management systems, electronic medical records, digital health applications and network solutions for primary-care physicians, specialists, health systems and public-sector organizations. A majority-owned subsidiary of WELL Health Technologies, WELLSTAR focuses on reducing administrative burden and improving patient outcomes through digital enablement. The company reports that its products are already adopted by more than 40% of Canadian healthcare providers, positioning it as a market leader. WELLSTAR is currently profitable and characterized as a high-growth, pure-play SaaS business with robust margins. Management intends to pursue additional acquisitions, AI-driven innovation and organic expansion using newly raised capital. The firm plans to spin out from WELL Health and target a public listing in 2026, at which point its preferred shares will automatically convert to subordinate voting shares. WELL Health is expected to maintain a majority economic and voting stake following the spinout.