The parent company of an industry vendor that provides appraisal management services has closed on a $40 million common equity investment that will help fuel its expansion plans.

Solidifi’s corporate parent Real Matters plans to use the funding to make strategic acquisitions across North America as it continues to grow its business serving both the mortgage and property and casualty insurance industries.

Real Matters has more than doubled its business providing information and analytics related to commercial and residential properties in the last two years, according to president and CEO Jason Smith.

Among the moves that have fueled the company’s growth in the past year was the merger of Solifi’s U.S. unit with appraisal management company Kirchmeyer & Associates.

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