Deal management platform Dealpath scores Series C round

Deal management platform Dealpath scores Series C round

Deal management platform Dealpath has closed its Series C round on $43m, as it looks to accelerate its global expansion efforts.

Morgan Stanley Expansion Capital served as the lead investor, with commitments also coming from Blackstone, 8VC, JLL, Nasdaq Ventures as well as GreenSoil PropTech Ventures.

Capital will also be used for rapid global expansion, increased product sales, customer success and executive leadership capabilities and drive operational excellence to meet the growing needs of their clients.

Dealpath has experienced a strong period of growth, having recently surpassed $10trn in transactions supported on its platform. It has also nearly doubled the size of its team to 100 professionals in San Francisco, NYC and expanded offices to Toronto.

The deal management platform claims to be the only enterprise ready software that offers vetted, real-time deal information, together with integrated workflows of associated documents, tasks and communications, empowering smart investment decisions with data-driven insights and digital collaboration.

Dealpath enables investment managers to operate at scale with speed as well as precision through easy access to data and effective internal and external collaboration and controls across teams, partners and vendors.

Dealpath CEO and co-founder Mike Sroka said, “Since inception, our vision has been to provide the industry with a command center that serves as the unifying source of truth from pipeline through portfolio management, and leverage the data and harness strategic insights generated by the distributed deal teams.

“We are thrilled to partner with today’s most successful players in the market to bring us even closer to realizing this massive opportunity. And we are very excited to welcome Morgan Stanley Expansion Capital and look forward to embarking on the next phase of growth with them.”

The FinTech company claims its clients have experienced a 100% increase in deals under contract, 100% more deals evaluated per year and an average of 400% AUM growth in three years.

Dealpath previously received an investment from JLL Spark.

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