Real Matters raises $41 mln, delays IPO plans: Reuters

Real Matters, a provider of real estate industry data, has raised $41 million in an equity funding round and pushed its plan to go public to the first quarter of 2017, sources told Reuters. The latest fundraising, which was a secondary offering led by investment bank BMO Capital Markets, will help drive growth at the quickly expanding company and values Real Matters at more than $1 billion, the sources said. This is a sharp jump from its $653 million valuation earlier in the year.

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