The new relationship formed between Dealpath and Nasdaq to fuel the growth of cloud-based real estate deal management platform
Fremont, CA: Dealpath, the real estate industry's leading cloud-based deal management platform, received a strategic investment from Nasdaq Ventures. Nasdaq's strategic investment in Dealpath initiates a fostering partnership, which is expected to enhance real estate investment workflows and support Dealpath's vision of creating an efficient, digital, and global marketplace for the built world.
"Real estate is a critical part of our economy and way of life - it's also in the midst of a belated and accelerated digital transformation being led by companies like Dealpath who are making significant strides in innovating deal workflow technology," said Gary Offner, Head of Nasdaq Ventures. "Dealpath has showcased its leading position as a preeminent workflow platform for real estate professionals evidenced by the impressive traction in their customer base and revenue. We are pleased to invest in, and find opportunities to partner with, Dealpath to empower real estate investment and capital markets in the age of intelligent software and cloud technology."
Dealpath continues to win support from the investors, including Blackstone, JLL Spark, 8VC, GreenSoil Investments, Goldcrest Capital, LeFrak, Milstein, and Bechtel. Adding Nasdaq to its list of investors emphasizes that Dealpath is the leader in digitalizing real estate investment managers and capital markets with real-time access to critical data and investment documents. This cloud-based platform helps investors and their deal teams make faster, well-informed business decisions using market demographic data, sales comps, lease comps, and owned asset data, among other key data and portfolio analytics.
This latest investment comes on the heels of Dealpath's recent announcement of Dealpath Connect, an automated data integration between top investment sales brokers and institutional buy-side investors providing one centralized command center. This offering enables seamless and selective sourcing of data from sell-side advisors directly into the internal deal pipelines of shared clients saving thousands of hours of manual work on both sides of real estate transactions, providing greater visibility and processing of investment sales opportunities.
Currently, hundreds of top investment management firms use Dealpath as their deal management platform. Every deal sourced, evaluated, and executed by these firms is managed on Dealpath, with Dealpath being utilized as their system of record and their platform for generating investment analysis and investment decisions.
"Dealpath is transforming a global real estate industry that transacts over $1 trillion annually with antiquated and disparate means of deal management," said Mike Sroka, Co-Founder and CEO. "At Dealpath we believe that real estate is driven by people with information to shape our built world. We want to free them to be as effective and innovative as possible, and we are achieving that through our intuitive, purpose-built software that empowers collaboration, expert decisions and scale."