Total amount raised
$67.1 Millions
Latest funding date
09/01/2022
Location
Dealpath has successfully raised significant funding over multiple rounds, with notable investors such as Morgan Stanley Expansion Capital and Greensoil PropTech Ventures. The platform is designed to centralize data, provide real-time insights, and automate workflows, enhancing decision-making and efficiency in real estate investment processes.
Keep reading to explore the intricacies of Dealpath's fundraising journey and the investors backing this innovative platform.
What Is Dealpath?
Dealpath, founded in 2014, is a leading provider of real estate deal management software. Headquartered in San Francisco, California, the company was established by Andy Lee, Kenter Wu, and Mike Sroka. With an employee count ranging from 51 to 100, Dealpath specializes in centralizing data, automating workflows, and providing real-time insights to enhance investment decisions.
Operating in industries such as Commercial Real Estate, FinTech, and SaaS, Dealpath has supported over $10 trillion in transactions. The platform is recognized for its technological innovations and serves prominent firms like Blackstone and Nuveen. Dealpath continues to grow, offering various plans and services to meet the needs of its clients.
How Much Funding Has Dealpath Raised?
- Seed Round
- Amount Raised: $2.1M
- Date: November 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of the platform.
- Seed Round
- Amount Raised: $4M
- Date: July 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Series A
- Amount Raised: $8M
- Date: October 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market penetration.
- Corporate Round
- Amount Raised: $10M
- Date: September 2018
- Lead Investors: JLL Spark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support more transactions.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2020
- Lead Investors: Blackstone Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand platform capabilities and strengthen market position.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Nasdaq Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance technological infrastructure.
- Series C
- Amount Raised: $43M
- Date: September 2022
- Lead Investors: Morgan Stanley Expansion Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and enhance product offerings.
Total Amount Raised: $67.1M
Current Valuation: Not publicly disclosed
Key Investors
- Morgan Stanley Expansion Capital
- Details: Morgan Stanley Expansion Capital is a division of Morgan Stanley that focuses on growth capital investments. They led the $43 million Series C funding round for Dealpath.
- Investment Focus Areas: Growth capital investments across various sectors.
- Notable Investments: Various growth-stage companies across multiple sectors.
- Blackstone
- Details: Blackstone is one of the world's leading investment firms, specializing in private equity, real estate, and other investment strategies. They participated as an existing investor in the Series C round for Dealpath.
- Investment Focus Areas: Private equity, real estate, credit, hedge fund investment strategies.
- Notable Investments: Hilton Worldwide, The Weather Channel, various real estate properties.
- 8VC
- Details: 8VC is a venture capital firm that invests in early-stage and growth-stage technology companies. They participated as an existing investor in the Series C round for Dealpath.
- Investment Focus Areas: Early-stage and growth-stage technology companies.
- Notable Investments: Palantir, Wish, Asana.
- JLL
- Details: JLL is a professional services firm specializing in real estate and investment management. They participated as an existing investor in the Series C round for Dealpath.
- Investment Focus Areas: Real estate, investment management services.
- Notable Investments: Various real estate projects and technology platforms.
- Nasdaq Ventures
- Details: Nasdaq Ventures is the investment arm of Nasdaq, focusing on innovative technology companies. They participated as an existing investor in the Series C round for Dealpath.
- Investment Focus Areas: Innovative technology companies, particularly those that can benefit from Nasdaq's ecosystem.
- Notable Investments: Chain, Digital Reasoning, various fintech companies.
What's Next for Dealpath?
Dealpath is poised for significant growth, with opportunities to accelerate global expansion and enhance its product offerings. The company has already supported over $10 trillion in transactions and nearly doubled its team size, indicating a robust foundation for future endeavors.
Future fundraising opportunities are likely, given the strategic partnerships with major industry players like Morgan Stanley and Blackstone. These partnerships could lead to additional funding rounds to support continued global expansion and product development.
However, Dealpath may face challenges such as competition from other PropTech platforms and the need to ensure data security and compliance. Scaling operations while maintaining high levels of customer satisfaction will also be crucial as the company adapts to changing market conditions and client requirements.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Dealpath and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
