Dealpath, a real estate transaction management platform, has received an investment from JLL Spark.
The transaction was completed through its newly launched JLL Spark Global Venture Fund, which is a $100m vehicle focused on the real estate technology space.
San Francisco-based Dealpath is a cloud-based platform designed to help development and real estate investment teams with their deal evaluation and execution. Its solution collates deal information, critical property data and transactional documents into a single location for deal execution.
Dealpath enables collaboration tools, workflow automation, reporting, pipeline tracking and visualized deal analytics. This allows more accurate due diligence and underwriting and accelerate evaluation and investment execution.
The company supports more than $500bn in transaction volume with hundreds of leading institutions globally.
Through this investment, Dealpath will look to continue its growth by accessing JLL industry experience, networks and resources globally.
JLL Spark co-CEO Mihir Shah said, ?Dealpath deal management platform is central in the evolution of real estate software services.
?We believe JLL clients, real estate investors and developers will see great benefits from using its proprietary technology and approach to data-driven and collaborative transaction management to improve the efficiency of evaluating, managing and completing real estate transactions.p>
This is the second PropTech investment from JLL this month, having recently participated in the $18m Series A of Skyline AI. The company uses AI and machine learning to support institutional-grade commercial real estate investments. Through a data pool of over 130 different sources, it ?analyses more than 10,000 different attributes to identify future trends in the market.
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