Whitecap Venture Partners Co-Leads $60M Round of Funding Secured by Real Matters

TORONTO, ONTARIO--(Marketwired - May 4, 2015) - Whitecap Venture Partners (Whitecap) today announced that it co-led the latest round of growth equity financing secured by Real Matters. Toronto-based Real Matters announced earlier today that it has received $60 million in funding.

Real Matters is the leading provider of property information and insights to the real estate lending and insurance markets. With its cloud-based technology platform, partnerships with more than 28,000 field agents, and a high-performance team, Real Matters is driving innovation and creating value for top mortgage lenders, banks, and insurance companies across Canada and the U.S. The company has grown to become one of the largest providers of real estate appraisals serving the residential mortgage origination market in North America.

"Real Matters is one of Canada's huge success stories, and an international leader in its field," said Blaine Hobson, partner at Whitecap Venture Partners. "We are pleased to have provided strategic counsel and financial support to Real Matters since our seed investment in the company almost eight years ago. We are most excited by the significant potential that lies ahead."

Whitecap was the first venture capital investor in Real Matters, having made its first investment in the company in 2007 from its Whitecap II fund. This latest funding comes from the firm's newest fund, Whitecap III, which just completed its first close and was announced last week. Whitecap was the co-lead in this latest round of funding in Real Matters.

"Whitecap has played an instrumental role in guiding Real Matters in our growth and development since our early start-up days, and we are thrilled to have them on board once again for our latest round of funding," said Jason Smith, president and CEO of Real Matters. "Blaine is both a longstanding member of our board and a trusted advisor to me. Whitecap's expertise has been invaluable thus far, and will continue to be even more important as we enter the next stage in our company's development."

About Whitecap Venture Partners

Whitecap Venture Partners is a diversified early stage venture capital fund investing in high growth companies across three verticals: Information and Communications Technology (ICT), Med Tech and Food Tech. Its team of operators and investment professionals partner with entrepreneurs in verticals where they have deep domain expertise and can bring significant operational and strategic value to companies. Additional information is available at www.whitecapvp.com.

About Real Matters

Serving the North American mortgage industry through its Solidifi and Southwest Financial offerings, and the property and casualty (P&C) insurance industry through its iv3 business, Real Matters creates powerful insights into residential and commercial properties. Leveraging its cloud-based technology platform, redihive^™, the organization provides its customers with subject matter expertise gathered through partnerships with more than 28,000 field agents, comprised of Solidifi independent appraisers as well as iv3 insurance inspectors. Established in 2004, Real Matters has its Canadian head office in Markham, Ontario and U.S. head office in Buffalo, NY. Additional information about Real Matters is available at www.realmatters.com.