About Nest Wealth
Nest Wealth is a company based in Toronto (Canada) founded in 2014 was acquired by Objectway in January 2024.. Nest Wealth has raised $5.95 million across 3 funding rounds from investors including National Bank of Canada, Objectway and Metroland Media. Nest Wealth has completed 1 acquisition, including RazorPlan. Nest Wealth offers products and services including Nest Wealth Plus, Nest Wealth Direct, RazorPlan, and Digital Wealth Ecosystem. Nest Wealth operates in a competitive market with competitors including Wealthsimple, Responsive, WealthBar, Investia Financial Services and Qara, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Nest Wealth Asset Management Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.95 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
National Bank of Canada
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Objectway
(Jan 22, 2024)
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Products & Services of Nest Wealth
Nest Wealth offers a comprehensive portfolio of products and services, including Nest Wealth Plus, Nest Wealth Direct, RazorPlan, and Digital Wealth Ecosystem. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for advisors to manage client investments and portfolios
App for investors to handle personal wealth and financial planning
Software simplifying complex financial planning processes for users
System for client engagement and investment management solutions
Unlock access to complete
Funding Insights of Nest Wealth
Nest Wealth has successfully raised a total of $5.95M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(06 Aug 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - Nest Wealth | Valuation | National Bank of Canada |
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| Apr, 2017 | Amount | Series A - Nest Wealth | Valuation | National Bank of Canada |
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| Aug, 2015 | Amount | Seed - Nest Wealth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nest Wealth
Nest Wealth has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include National Bank of Canada, Objectway and Metroland Media. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial bank
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Provider of software solutions for wealth managers
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nest Wealth
Nest Wealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include RazorPlan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial planning solutions are offered to asset managers and advisors.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nest Wealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nest Wealth Comparisons
Competitors of Nest Wealth
Nest Wealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wealthsimple, Responsive, WealthBar, Investia Financial Services and Qara, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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| domain | founded_year | HQ Location |
AI-driven portfolios are adapted to global economic changes for users.
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| domain | founded_year | HQ Location |
Online portfolio management and financial advisory services are offered.
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| domain | founded_year | HQ Location |
Financial advisory and investment services are offered to individuals online.
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| domain | founded_year | HQ Location |
AI-enabled robo advisory for wealth management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nest Wealth
Frequently Asked Questions about Nest Wealth
When was Nest Wealth founded?
Nest Wealth was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Nest Wealth located?
Nest Wealth is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Nest Wealth a funded company?
Nest Wealth is a funded company, having raised a total of $5.95M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Aug 06, 2015.
What does Nest Wealth do?
Nest Wealth is an online portfolio manager that uses a combination of large low-cost broad ETFs from the largest ETF providers in Canada to construct the investment portfolio. All client accounts are held at National Bank Correspondent Network, a member of the Canadian Investor Protection Fund and backed by the strength of National Bank. Nest Wealth charges a flat 80 monthly advisory fee. The other fees incurred are the costs of trading and holding the ETFs you will own.
Who are the top competitors of Nest Wealth?
Nest Wealth's top competitors include Wealthsimple, Responsive and Investia Financial Services.
What products or services does Nest Wealth offer?
Nest Wealth offers Nest Wealth Plus, Nest Wealth Direct, RazorPlan, and Digital Wealth Ecosystem.
How many acquisitions has Nest Wealth made?
Nest Wealth has made 1 acquisition, including RazorPlan.
Who are Nest Wealth's investors?
Nest Wealth has 3 investors. Key investors include National Bank of Canada, Objectway, and Metroland Media.