Canada's Real Matters Said to Raise $43 Million in Private Funds

Real Matters Corp., a Canadian real-estate information provider, is aiming to raise at least C$60 million ($43 million) in a private funding round led by Bank of Montreal and Infor Financial Group Inc., according to people familiar with the deal.

The money would bring Real Matters’ total funding to more than C$180 million. The Markham, Ontario-based company provides data on real-estate prices for the mortgage and insurance industries. Its online platform is used by more than 28,000 home appraisers and insurance inspectors.

Previous financing has gone toward fueling expansion in the U.S., including a C$60 million round last year to help acquire Cincinnati-based Southwest Financial Services Ltd.

A spokeswoman for Real Matters did not immediately return a request for comment. Representatives for Bank of Montreal and Infor were not immediately available for comment.

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