ProDeal Raises $4M in Growth Funding

real estate

ProDeal, a New York-based virtual deal-closing platform for commercial real estate, raised $4M in Growth Funding.

The round was led by Pretium and Second Century Ventures.

The company intends to use the funds to increase headcount, ramp up business development and marketing efforts and continue to build on the proven product market fit they have established over the last four years.

Led by CEO Andrew Damico, ProDeal provides a virtual deal-closing platform for commercial real estate. In the last 12 months, the company has realized more than 30% year-over-year growth, and its users created more than 10,000 deal rooms in 2021. Since its founding in 2017, the platform has been used to close over $70 billion in deals across more than 1,300 organizations.

In November, ProDeal graduated from Second Century Ventures’ REACH Commercial scale-up program.