Real Matters, a Markham, Ontario, Canada-based provider of information and insights into residential and commercial properties to both the mortgage and property & casualty (P&C) insurance industries, closed a $40m equity funding.
Backers were not disclosed.
The company will use the funds for strategic acquisitions across North America.
Established in 2004 and led by Jason Smith, President and CEO, Real Matters operates Solidifi, a provider of appraisal management services that leverages a cloud-based network platform, redihive™, which offers subject matter expertise gathered through partnerships with more than 26,000 field agents (independent appraisers as well as iv3 insurance inspectors). Real Matters has Canadian head office in Markham, Ontario and U.S. head office in Buffalo, NY.
09/02/2012: Real Matters Completes C$22M Equity and Debt Financing
16/09/2010: Real Matters Receives $5M Venture Debt Financing