Radar Capital's new pre-IPO fund and Urbana invest in Real Matters
Canadian private equity firm Radar Capital has made an undisclosed investment in Real Matters Inc, a provider of property information services to North American insurance industries. The news follows Real Matters' announcement earlier this week that it had secured $40 million in funding. The investment by Radar is the first for its newly-formed Radar Capital Fund I LP, which is focused on financing late-stage, pre-IPO companies in Canada. Additionally, Toronto-based investment firm Urbana Corp (TSX: URB, URB.A), a backer of the Radar fund since Oct. 2013, has also announced a $4.5 million investment in Real Matters. The Markham, Ont.-based company is also a portfolio investment of Whitecap Venture Partners, an affiliate of Whitecastle Investments and Hobson Equities, and specialty finance firm Wellington Financial.
