Today is a monumental day at Dealpath in pursuit of our vision for digitizing how the built world transacts. We are very proud and excited to announce an investment from Blackstone, the largest real estate owner in the world and a key client. This investment comes less than a year after our Series B round and as our company has surpassed major business traction milestones – and is a testament to the power of our technology.
The investment will allow Dealpath to further accelerate our efforts to advance a seamless, interactive marketplace for real estate.
Dealpath is the real estate industry’s leading cloud-based deal management platform and has now surpassed $5 trillion in transactions supported on the platform with institutions across the world.
We are taking an industry that has $1 trillion transacted annually with only make-shift means of deal management – either by cobbling together legacy systems such as Excel+Word+Email or spending enormous resources attempting to customize CRM systems. Dealpath is transforming this and our clients are benefiting from immediate returns and proven results, including 475% ROI, 20% more deals evaluated, 30% fewer errors in underwriting and due diligence and 50% increase in weekly productivity.
I’m speaking for our entire team when I say that we couldn’t be more excited to accelerate building out our platform and organization and raising the bar for service to our clients and community. This investment partnership with Blackstone is the result of our shared views on the incredible opportunity as real estate is digitally transformed, and we unlock the value of structured data and intelligent work.
Go Dealpath! Onward!!
Mike Sroka
CEO & Co-Founder
