Dealpath – “the deal management and collaboration platform for commercial real estate investment and development teams” according to their Crunchbase listing – has landed $8M in Series A financing from Formation8, LeFrak, Milstein, Bechtel, Goldcrest Capital and Deep Fork Capital.
We would normally provide some information from their website – www.dealpath.com – but when we went to check it out, we got a message that the site didn’t support our browser, which btw, is MICROSOFT EDGE, not exactly a tiny unknown browser, and it suggested we download a “secure” browser like Chrome. So, although we were COMPLETELY underwhelmed by that (we’ve NEVER gotten that message from any other website and why should I change my browser of choice just to view your site?), the platform does indeed sound like one that should experience success.
According to today’s press release, “(i)ndustry leaders from Millennium Partners and Cypress Equities, as well as specialty CRE investment firms like U.S. Restaurant Properties are examples of the more than 100 firms with teams using the platform. Dealpath is easily accessible and can be adopted by individual professionals and teams in a self-service model, and is also available in customized versions for larger enterprises with hundreds of users. Dealpath can be set up in minutes and its open platform design allows it to seamlessly incorporate data from other services like Esri, Outlook, Google, Box, Dropbox, and Yardi.”