About Pine Canada
Pine Canada is a Financial Services company based in Toronto (Canada) founded in 2021. Home loans are discovered and compared through an online marketplace. Pine Canada has raised $21.5 million across 2 funding rounds from investors including Intact Ventures, Greylock Partners and Inovia Capital. Pine Canada has completed 1 acquisition, including Properly. Its website pine.ca draws about 134 thousand monthly visits. Pine Canada offers products and services including Pine Mortgage, Pine Home Search, and Mortgage Calculators. Its focus areas include FinTech, Alternative Lending, Online Lenders and Mortgages. Its legal entity is Pine Canada Financial Corporation. Its competitors include Manzil, Properly and Pinch Financial; 2 of its 3 listed competitors have raised funding.
Company details
Pine was established in 2021 in Toronto, Canada, within the fintech sector. An online platform is operated to connect users with home loan options available in the market. Services include searching and comparing loans, submitting online applications, obtaining instant quotes, and handling mortgage processing digitally. Operations focus on simplifying access to multiple lenders for Canadian users.
- Total Equity Funding$21.5M (USD)
in 2 rounds
- Latest Funding Round$16.78M (USD), Series A
Mar 2022
- InvestorsIntact Ventures
& 7 more
- Investments & Acquisitions
Products & Services of Pine Canada
Pine Canada offers a comprehensive portfolio of products and services, including Pine Mortgage, Pine Home Search, and Mortgage Calculators.
Online platform for mortgage pre-approvals and rate calculations
Tool for browsing home listings and booking tours
Utilities to estimate payments and affordability for mortgages
Funding Insights of Pine Canada
Pine Canada has successfully raised a total of $21.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.78 million completed in March 2022. 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 $21.5M
- Total Rounds 2
- Last Round Series A — $16.78M
- First Round $4.72M
(Jun 2021)
- Investors Count 8
All 2 funding rounds of Pine Canada with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
8 investors in total: 8 institutional.
Investors in Pine Canada
Pine Canada has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Intact Ventures, Greylock Partners and Inovia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Investments are made in early-stage technology companies by Inovia Capital. | inovia.vc | Montreal, Canada | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Venture capital is invested in US sectors by Ludlow Ventures. | ludlowventures.com | Detroit, United States | ||
Investments are directed toward fintech, cybersecurity, and martech sectors. | thomvest.com | San Francisco, United States | ||
Investments in multiple sectors are made by Original Capital. | originalcapital.com | San Francisco, United States | ||
Provider of property & casualty insurances | 1809 | intactfc.com | Toronto, Canada |
Investor details for Pine Canada
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Pine Canada
13 people are tracked at Pine Canada (7 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Jonathan Shih | Co-founder | Leadership |
Justin Herlick | Co-founder | Leadership |
Orest Lopci | Head Of People & Culture | Leadership |
Alexander Kiriakou | Chief Operating Officer | Leadership |
Brian E. Martin | COO | Leadership |
Hayden Meloche | Head Of Engineering | Leadership |
Seana Davies | Head Of Finance | Leadership |
Tashi Dhondup | Underwriting Lead | Team |
Sarah Guenther | Mortgage Advisor | Team |
Sandra P. | Software Engineer | Team |
Michael Xiao | Staff Software Engineer | Team |
Steven Marrocco | Senior Software Engineer | Team |
Cassie Xavier | Financial Analyst | Team |
Complete people profiles for Pine Canada
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Pine Canada
Pine Canada has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Properly.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
End-to-end online brokerage services for residential property transactions are provided. | properly.ca | Toronto, Canada | 2018 | Oct 2023 | •••• |
Complete acquisition details for Pine Canada
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Pine Canada
4 dated milestones of Pine Canada across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Pine Canada is founded.
- Funding First funding round of $4.7M.
- Funding Latest funding round, Series A, of $16.8M.
- Acquisition Acquires Properly.
Competitors of Pine Canada
Pine Canada has 3 listed competitors in our database, 2 of them funded. They include Manzil, Properly and Pinch Financial.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manzil.ca | 2017 | Toronto, Canada | $2.02M | Shariah-compliant mortgage loans are offered via an online marketplace. | ||
| properly.ca | 2018 | Toronto, Canada | $75.03M | End-to-end online brokerage services for residential property transactions are provided. | ||
| pinchfinancial.com | 2016 | Toronto, Canada | Residential mortgage loans are facilitated through an online marketplace. |
Detailed competitors of Pine Canada
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pine Canada
The website of Pine Canada (pine.ca) receives about 134.3K visits a month.
- Monthly visits134.3K
▼ 9.4% vs previous month
Websites whose visitors overlap most with Pine Canada. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| wealthsimple.com | 100% | 10.9M | #5,448 | View details | |
| eqbank.ca | 66% | 1.8M | #23,842 | View details | |
 ws-document-service-production.s3.amazonaws.com | ws-document-service-production.s3.amazonaws.com | 64% | – | ||
| nerdwallet.com | 62% | 22.3M | #2,677 | View details | |
| ratehub.ca | 58% | 1.3M | #53,829 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Pine Canada
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Pine Canada
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Frequently Asked Questions about Pine Canada
Pine Canada was founded in 2021.
Pine Canada is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Pine Canada is a funded company, having raised a total of $21.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.72M, raised on Jun 2021.
Pine was established in 2021 in Toronto, Canada, within the fintech sector. An online platform is operated to connect users with home loan options available in the market. Services include searching and comparing loans, submitting online applications, obtaining instant quotes, and handling mortgage processing digitally. Operations focus on simplifying access to multiple lenders for Canadian users.
Pine Canada's top competitors include Manzil, Pinch Financial and Properly.
Pine Canada offers Pine Mortgage, Pine Home Search, and Mortgage Calculators.
Pine Canada has made 1 acquisition, including Properly.
Pine Canada has 8 investors. Key investors include Intact Ventures, Greylock Partners, Inovia Capital, Global Founders Capital, and BoxGroup.
Pine Canada operates through Pine Canada Financial Corporation.
The website of Pine Canada receives about 134 thousand visits a month.