• Real Matters, a Canadian real estate tech company, has raised $100 million (Canadian dollars) in common equity financing.
  • A portion of the CA$100 million will be used to fund subsidiary Solidify's acquisition of U.S.-based Linear Title and Closing.
  • If the acquisition goes as planned, Real Matters will become one of the top-five independent providers of mortgage title and closing services in the U.S.

Real Matters, a Canadian real estate technology platform, has raised $100 million (Canadian dollars) in common equity financing, and the funds will be used to usher the company’s software and field agent management services into the U.S.

“We are very pleased with the common share structure of this financing, which was supported by our strong revenue growth of 73 percent last year as well as our focus on continuing to scale profitably,” said Real Matters Chief Executive Officer Jason Smith in a press release. “We are excited to continue to execute on our growth strategy and look forward to coming to public markets in due course as we fund our expansion.”

Real Matters’ scope of services

Currently, Real Matters has 100,000 qualified, independent field agents who tackle important parts of the homebuying process, such as valuations, insurance inspections, title searches and mortgage closings.

“We currently do business with more than 60 of the top 100 lenders, and have won engagements with most of the nation’s top 10 lenders in the last 12 months,” said Smith. “As we continue to roll out these customers and drive innovation in lending and insurance, we can capture additional market share given the breadth of Real Matters’ products and services.”

Potential to become a top U.S. independent provider

Part of Real Matters’ expansion plan is the acquisition of U.S.-based Linear Title and Closing Ltd. (Linear) through Real Matters’ subsidiary, Solidifi.

Solidifi is in the process of purchasing Linear for U.S. $96 million. A portion of the $96 million (U.S. dollars) will be funded by the CA$100 million that Real Matters just received in common equity financing.

If the deal goes as planned, Real Matters will rise to become one of the top five independent providers of mortgage title and closing services in the U.S., and 95 percent of Real Matters’ revenue will come from their U.S. dealings. Furthermore, the company will absorb Linear’s employees in Buffalo, New York; Middletown, Rhode Island and Cincinnati.

Email Marian McPherson.

Connect with me on Facebook!

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×