Nasdaq’s VC arm invests in proptech startup Dealpath

Nasdaq Ventures joins the likes of Blackstone and JLL backing data management company

TRD NATIONAL /
Oct.October 15, 2020 03:15 PM
Gary Offner of Nasdaq Ventures (inset) and Dealpath's Mike Sroka (Linkedin, Google Maps, Dealpath)

Gary Offner of Nasdaq Ventures (inset) and Dealpath’s Mike Sroka (Linkedin, Google Maps, Dealpath)

Dealpath, the data management startup backed by the likes of Blackstone and JLL, received a new capital injection from Nasdaq’s investment arm.

Nasdaq Ventures provided Dealpath with the new funding to help the proptech company to expand its cloud-based platform that manages the workflow on investment transactions, the companies told The Real Deal.

Nasdaq declined to divulge the size of the investment.

The latest cash injection follows investments from real estate players like Blackstone, JLL Spark, 8VC, GreenSoil Investments, Goldcrest Capital, LeFrak, Milstein and Bechtel.

Gary Offner, the head of Nasdaq Ventures, said Dealpath is the first real estate company out of the 14 firms the venture capital arm has invested in.

“Our focus is on investments in market infrastructure,” he said. “Commercial real estate is a huge asset class, but it’s a market that’s very different from our core markets.”

Offner added that Dealpath solves some of the main problems Nasdaq Ventures is looking to solve, like managing workflow and reducing friction between different steps. The company’s software allows investors to move data from different sources like CoStar and combine them with, for example, financial models created in Excel or Argus.

Dealpath clients include Blackstone, AEW, Rockpoint Group, Oxford Properties, Bridge Investment Group, Manulife, L+M Development and Hutton. The company recently announced a partnership that allows its software to be used by buyers with JLL, which invests in Dealpath through its investment arm, JLL Spark.

Dealpath was founded in 2014 by Mike Sroka, Kenter Wu and Andy Lee.






Related Articles

arrow_forward_ios
Face masks force a facial recognition reckoning

Face masks force a facial recognition reckoning

Face masks force a facial recognition reckoning
Your Building is Struggling Under Social Distancing, Too

Your Building is Struggling Under Social Distancing, Too

Your Building is Struggling Under Social Distancing, Too
(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

Small Talk: Every community meeting. About every development project. Ever.
Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat
WeWork co-CEOs Artie Minson, Sebastian Gunningham and Jones CEO Omri Stern (Credit: LinkedIn)

WeWork is investing again with fundraise for proptech

WeWork is investing again with fundraise for proptech
Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down

Embattled Prodigy Network CEO Rodrigo Niño to step down
Open Space CEO Jeevan Kalanithi (Credit: LinkedIn and iStock)

Construction site mapping startup raises $14M from JLL, WeWork

Construction site mapping startup raises $14M from JLL, WeWork
Homes damaged in Hurricane Katrina. (Getty)

Fire, flood and profit: Real estate investors are chasing crises

Fire, flood and profit: Real estate investors are chasing crises
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...