Dealpath, a San Francisco, California-based real estate industry’s leading and most trusted, purpose-built deal management platform, announced that it closed a $43 million in Series C funding.
The round was led by investment funds managed by Morgan Stanley Expansion Capital ("Expansion Capital”) with participation from notable existing investors, including Blackstone, 8VC, JLL, Nasdaq Ventures, and GreenSoil PropTech Ventures.
The fund will be used to accelerate Dealpath’s rapid global expansion, grow the product, sales, customer success, and executive leadership capabilities, and continue to drive operational excellence to meet the growing needs of its clients. The new capital supports Dealpath’s mission to be where the built world transacts digitally.
This investment follows a truly tremendous period of growth for Dealpath, surpassing $10 trillion in transactions supported on the Dealpath platform globally, nearly doubling the size of the team to 100 professionals in San Francisco and New York, and expanding offices to Toronto.
“Since inception, our vision has been to provide the industry with a command center that serves as the unifying source of truth from pipeline through portfolio management, and leverage the data and harness strategic insights generated by the distributed deal teams." “We are thrilled to partner with today’s most successful players in the market to bring us even closer to realizing this massive opportunity." "And we are very excited to welcome Morgan Stanley Expansion Capital and look forward to embarking on the next phase of growth with them.”-Mike Sroka, CEO & Co-Founder of Dealpath, said.
Company: Dealpath, Inc.
Raised: $43.0M
Round: Series C
Funding Month: September 2022
Lead Investors: Morgan Stanley Expansion Capital
Additional Investors: Blackstone, 8VC, JLL, Nasdaq Ventures, and GreenSoil PropTech Ventures
Company Website: https://www.dealpath.com/
Software Category: Deal Management
About the Company: Founded in 2014 by Sroka, Kenter Wu, and Andy Lee, Dealpath is a cloud-based real estate investment management platform that provides real-time access to vetted, secure, up-to-date investment data to empower collaboration, strategic, and predictive decisions. Investment and development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics, and collaborative workflows—driving maximum performance from pipeline to portfolio management. Dealpath has supported over $10 trillion in transactions with leading institutions across the world. Dealpath empowers hundreds of renowned institutions, including Blackstone, Nuveen, AEW, Oxford Properties, Principal Real Estate & Bridge Investment Group to invest in the built world.
Source: https://www.businesswire.com/news/home/20220822005545/en/Dealpath-Raises-43M-Series-C-Led-by-Morgan-Stanley-Expansion-Capital