Cherre and Dealpath team up for ‘deeper data insights’
The strategic partnership between the two startups will give real estate investors a better understanding of their investment strategies through a combination of deal, portfolio, public and private data.
Cherre is a data integration and insights platform, which connects users’ real estate data in one place to drive operational efficiencies. Meanwhile, Dealpath is an investment management tool that offers a breadth of investment data.
The deal means that investment managers will be able to pull their pipeline and deals data from Dealpath into Cherre, which, the partners said, would “enable deeper visibility and insights that drive core investment strategies”.
“Understanding granular details associated with investment pipeline and portfolio analytics is critical for institutional investors to deliver optimal, risk-adjusted returns,” said L.D. Salmanson, CEO and co-founder of Cherre.
“Integrating Dealpath’s unmatched investment pipeline as well as portfolio management data into Cherre enables mutual customers to maximize the information edge and glean critical data driven insights.”
As the partnership grows, customers of both companies will be able to access property, market and other contextual data about assets in their deal pipeline.
The partnership comes weeks after Dealpath raised $43m in a funding round led by Morgan Stanley Expansion Capital. Other backers included Blackstone and JLL.
Mike Sroka, CEO and co-founder of Dealpath, said: “Our team designed Dealpath as an open platform that easily interacts and integrates with other key market-leading digital tools in today’s modern real estate tech stack. Cherre was a given.
“Our customers will be able to connect real-time deal pipeline and portfolio data with critical public, private & data to gain deeper insight.”