Dealpath Raises $43M Series C Led by Morgan Stanley Expansion Capital
Dealpath—the real estate industry’s leading and most trusted, purpose-built Deal Management platform, empowering hundreds of renowned institutions including Blackstone, Nuveen, AEW, Oxford Properties, Principal Real Estate & Bridge Investment Group to invest in the built world—announced it has closed a $43M Series C funding round. This 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 as well as GreenSoil PropTech Ventures. This funding 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 their clients. The new capital supports Dealpath’s mission to be where the built world transacts digitally.
“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,” said Mike Sroka, CEO & Co-Founder, Dealpath. “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.”
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, NYC and expanding offices to Toronto. The software and data platform is being leveraged by owners, developers and lenders to operate at scale with speed and precision to deliver optimal risk adjusted returns. With Dealpath, clients have achieved remarkable results, such as 100% increase in deals under contract, 100% more deals evaluated per year and an average of 400% AUM growth in three years.
“We have been impressed by the strong, consistent feedback and deep reliance customers have placed upon their partnership with Dealpath. It is particularly noteworthy that the company’s reputation was forged while serving some of the largest and most sophisticated real estate investors in the world,” stated Pete Chung, Head of Morgan Stanley Expansion Capital. “We consider Dealpath to be truly one of only a handful of technology partners that their clients have entrusted to innovate, improve performance and ensure scalability into the future. It is a real testament to the world class team they have assembled and their focus on providing solutions designed specifically for the real estate vertical.”
Dealpath is the only enterprise ready software that provides vetted, real-time deal information, together with integrated workflows of associated documents, tasks, and communications, empowering smart investment decisions with data-driven insights and digital collaboration. Safeguarded with institutional-level security (in compliance with SOC2 Type 2), Dealpath enables investment managers to operate at scale with speed as well as precision through easy access to data and effective internal and external collaboration and controls across teams, partners and vendors. With off-the-shelf efficiency and ease-of-use enabling cross-functional teams to engage seamlessly with centralized data that updates in real-time anywhere, it is flexible in configurability to meet team workflows and customer preferences.