NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Dealpath — the industry’s most trusted, purpose-built real estate platform, empowering hundreds of today’s leading institutions such as Blackstone, Nuveen, Oxford Properties, AEW, UBS, Principal Real Estate, Bridge Investment Group, MetLife, New York Life, Manulife, and many more to invest digitally in the built world — reported strong results in the first half of 2023, fueling continued expansion in the periods ahead.
“We are incredibly proud of the numerous accomplishments our team has achieved during the first half of 2023, which have solidified Dealpath’s position as a market leader that is compounding growth efficiently and remaining well capitalized for the long term,” said Mike Sroka, CEO and Cofounder of Dealpath. “Building upon our momentum from 2022, we remain unwavering in our efforts to be one of the main drivers of innovation within the commercial real estate industry, and look forward to providing our clients with an extensive suite of new AI-powered tools that will further enhance their deal screening, underwriting, due diligence, IC reporting, and portfolio insights.”
Institutional Investment Managers Choose Dealpath for Real Estate Deal Management
Dealpath has added an impressive roster of new clients throughout the first half of 2023, which has further cemented the company as the real estate industry’s most trusted deal management platform. New clients include big-name industry players such as CBRE Investment Management, LaSalle, Newmark, Centurion, Gaw Capital, and DWS. The company proudly supports 7 of the top 10 institutional investors globally as clients and continues to add numerous other marquee institutional investment management firms onto its platform quarterly.
Latest Platform Capabilities & Innovations
Over the past 6 months, Dealpath has continued to enhance its state-of-the-art platform to meet high demand for automated solutions that enable clients to work with speed, precision, and the ability to make more data-informed investment decisions. Recent additions and enhancements to the platform in the first half of 2023 include:
- AI-Powered Search: Dealpath’s Global Search capability including full document search automatically associates terms and information to instantly bring the most accurate results.
- Expanded support of Debt and Portfolio Management use cases: Dealpath has expanded its data structure and tooling for deeper support of debt origination along with both equity and debt portfolio management - building on the company’s vision to bring a clear view into the performance of owned assets overlayed with every opportunity in the market and comparisons to every asset and deal that clients have ever looked at.
- Microsoft Word Add-In: Dealpath for Word is available now as a free Add-In in the Microsoft store, and enables clients to automatically generate formatted documents pulling in Dealpath data and having complete control over branding and formatting preferences, without spending time on manual entry or double-checking accuracy.
Key Executive Hires and Team Growth
In April and May of this year, Dealpath announced the appointments of Jason Lo and Mathew Keshav Lewis to its senior leadership team. Lo was appointed as the company’s first Managing Director and Head of Canada, responsible for leading the company’s go-to-market (GTM) strategy out of Dealpath’s Toronto office. Lewis is serving as Chief Revenue Officer, overseeing and leading go-to-market strategies of all Dealpath revenue teams across Sales, Customer Success, Marketing, Business Development, and Revenue Operations. He is based out of Dealpath’s New York office.
The company as a whole has seen immense growth across all 4 of its offices (San Francisco, New York, Toronto, and Austin) and across all departments, including Product Development, Revenue, and G&A.
Awards & Industry Recognition
Dealpath and its executives have been recognized by numerous industry organizations and publications for the continued success and growth of its platform, as well as the company’s dedication to creating a collaborative and inspiring work culture for its employees across all 4 of its offices. In January, Dealpath’s San Francisco headquarters was listed as one of Built In’s 50 Best Startup Companies To Work For. The team won additional workplace recognition from Globe St., earning spots on the publication’s Best Places To Work and CRE Tech Influencers lists, as well as Business Insider’s 26 Hottest PropTech Startups of 2023.
In May, Dealpath announced that Senior Director of Business Development Joe Moskowitz was elected to OSCRE’s Board of Directors as Vice Chairman to continue to support the development of open data standards for the real estate industry. Through Moskowitz’s leadership role on the board, Dealpath now sits at the forefront of industry collaboration and discussion as it relates to the future of innovation within the commercial real estate industry, and is in prime position to better address the growing need for ESG-focused solutions. Shortly after being elected to the board, Moskowitz was recognized alongside other up-and-coming real estate professionals in ConnectCRE’s Next Generation List.
Most recently, Dealpath’s Data Ingestion (DDI) solution won the Realcomm Digie Award for Best Tech Innovation at Realcomm 2023, the commercial real estate technology’s largest community and event. Building upon the ingestion capabilities that were first offered on the platform in 2020, DDI automates the extraction and ingestion of OMs into Dealpath quickly and accurately, reducing much of the manual data entry work and allowing deal teams to react to new opportunities instantly. With DDI, firms of all sizes are now equipped with a competitive advantage that will enable them to manage hundreds of more deals and effectively grow their pipelines. Dealpath expects to announce additional updates to its DDI solution by the end of this year.
Well Capitalized and Fully Funded for the Long-term
Since Dealpath announced in September 2022 the raise of its $43M Series C, an oversubscribed round led by Morgan Stanley Expansion Capital along with Blackstone, Nasdaq, JLL, 8VC, and GreenSoil, the company continues to be well-capitalized and fully funded for the long-term and expects to continue to compound its growth.
Dealpath is committed to supporting its clients to invest in and responsibly make the most of our built world. The Dealpath team is just getting started, and couldn't be more excited for what’s ahead.