About Pine Canada
Pine Canada is a company based in Toronto (Canada) founded in 2021.. 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. Pine Canada offers products and services including Pine Mortgage, Pine Home Search, and Mortgage Calculators. Pine Canada operates in a competitive market with competitors including Manzil, Properly, Pinch Financial, Perch and Pineapple, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pine Canada Financial Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.5 M (USD)
in 2 rounds
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Latest Funding Round
$16.78 M (USD), Series A
Mar 01, 2022
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Investors
Intact Ventures
& 7 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Pine Canada
Pine Canada offers a comprehensive portfolio of products and services, including Pine Mortgage, Pine Home Search, and Mortgage Calculators. 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.
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
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $16.8M
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First Round
First Round
(01 Jun 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Pine Canada | Valuation | Greylock | |
| Jun, 2021 | Amount | Seed - Pine Canada | Valuation | Greylock |
| 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 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. 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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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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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 Pine Canada
Pine Canada has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Properly. 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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End-to-end online brokerage services for residential property transactions are provided.
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2018 |
| 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 - Pine Canada
| 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 |
Pine Canada Comparisons
Competitors of Pine Canada
Pine Canada 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 Manzil, Properly, Pinch Financial, Perch and Pineapple, 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 |
Shariah-compliant mortgage loans are offered via an online marketplace.
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| domain | founded_year | HQ Location |
End-to-end online brokerage services for residential property transactions are provided.
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| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated through an online marketplace.
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| domain | founded_year | HQ Location |
Perch is recognized as an online mortgage brokerage platform.
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| domain | founded_year | HQ Location |
Residential mortgages are offered via an online platform by Pineapple.
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| domain | founded_year | HQ Location |
Mobile app providing mortgage calculators, advice, and broker connections for users.
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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 Pine Canada
Frequently Asked Questions about Pine Canada
When was Pine Canada founded?
Pine Canada was founded in 2021.
Where is Pine Canada located?
Pine Canada is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Pine Canada a funded company?
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 01, 2021.
What does Pine Canada do?
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.
Who are the top competitors of Pine Canada?
Pine Canada's top competitors include Manzil, Pinch Financial and Pineapple.
What products or services does Pine Canada offer?
Pine Canada offers Pine Mortgage, Pine Home Search, and Mortgage Calculators.
How many acquisitions has Pine Canada made?
Pine Canada has made 1 acquisition, including Properly.
Who are Pine Canada's investors?
Pine Canada has 8 investors. Key investors include Intact Ventures, Greylock Partners, Inovia Capital, Global Founders Capital, and BoxGroup.