San Francisco based commercial real estate deal management and collaboration software platform Dealpath has raised an $8m Series A round from backers including Formation8, LeFrak, Goldcrest Capital and Deep Fork Capital. With the introduction of Dealpath, CRE deal teams can now centralize tasks, files, communications and reporting in one organized platform that is instantly searchable, enabling easy and secure collaboration.
'Commercial real estate is a massive industry and a critical part of our economy that has been vastly underserved from a technology standpoint,' said Michael Sroka, CEO of Dealpath. 'With so much at stake, it's important to have processes and tools designed for the challenges of this work. Multi-billion dollar institutional portfolios and deals that can be measured in the tens and hundreds of millions of dollars should not be conducted in Word document checklists and Excel spreadsheets that are emailed back and forth. At Dealpath we have made it our mission to provide CRE deal teams with the tools, resources, and information they need to create and capture value.' The platform features functionality purpose-built for the demands of complex CRE deal management.