New Software Platform Focuses On Deal Management
Dealpath launched this week and offers a software platform to help commercial real estate investment and development teams track and manage deals. The San Francisco-based company also raised $8M in Series A financing from top-tier VC firms, including Formation8, LeFrak, Milstein, Goldcrest Capital and Bechtel.
Dealpath CEO Michael Sroka, above, says the software provides an alternative to handling institutional portfolios and multimillion-dollar transactions with Word, checklists and Excel spreadsheets emailed back and forth.
The platform provides a central location for tasks, files, communications and reporting that is searchable and provides secure collaboration. The software is designed with a consumer-grade approach and creates centralized location for deal data, distributes work and tracks receivables.
Among the firms using Dealpath are Millennium Partners, Cypress Equities and Restaurant Properties. The platform can be used by individual professionals and teams in a self-service model. Customized versions for enterprise customers are also available. Data from Ersi, Outlook and Yardi can be incorporated into the platform.