DealTap raises funding, led by FCT, to advance its vision for Canadian real estate technology

Top Quote DealTap has raised funding less than two months after launching DealTap 2.0 to double the size of its workforce in order to better support the Ontario real estate community. End Quote
    QuoteREALTORS and Clients alike are looking for a better experience than the status quo in the industryQuote
  • (1888PressRelease) October 24, 2016 - Toronto, Canada - DealTap Group Inc. has raised funding less than two months after launching DealTap 2.0 to double the size of its workforce in order to better support the Ontario real estate community, since launching its initial beta.

    "We feel the investment shows a high level of confidence in our vision for modernizing real estate transactions for Canadian professionals," said Milan Baic, the Toronto startup's Co-Chief Executive Officer.

    DealTap built a core technology to simplify the transaction process for real estate professionals. DealTap is utilizing their latest round of funding to invite Ontario realtors® and brokers to help deliver the perfect solution for Ontario's unique realestate community over the coming months. The company, founded in 2012, currently employs a team of 16, but expects that total to rise dramatically.

    "The Ontario real estate market is ready for digital transactions. Brokers, realtors and teams alike are seeking the right solution, and we are here to build it for them," said Zoran Vukasovic, the Toronto startup's Co-Chief Executive Officer and lead industry evangelist.

    The company's software creates even more value for users by opening up a dashboard of key analytics. Brokerages and teams can use data-powered insights to re-engineer their operations, grow their businesses, and most importantly, ensure the highest levels of compliance on every transaction.

    Kick-started by a provincial law amendment to accept electronic signatures for real estate transactions in July 2015, DealTap has been deeply involved in the maturation process of digital transactions. From the private to institutional levels, DealTap was the first e-signature company to be licensed under the Ontario Real Estate Board OREA in 2014.

    "This collaborative approach is one that will deliver the best outcomes, enhance standards, and inspire innovation within the industry, thereby improving the experience for consumers and professionals alike," said Mr. Vukasovic.

    Delivering an amazing customer experience is the lifeblood of a realtor's business.DealTap is unique in its approach to real estate technology, following the mantra: built by realtors, for realtors. The focus on seamlessly blending a better customer experience with technology, and an insatiable appetite to push for more innovation led FCT,an industry-leading provider of title insurance, default solutions and other real-estate-related products and services, to invest in DealTap.

    "We are excited to support DealTap's vision for bringing innovation to the residential real estate market. It was clear from our first interaction that they were 'Thinking Differently' about how you re-invent the experience of key transaction functions. When you combine offer creation, negotiation and digital signatures with the ability to truly understand and track your business in a fully secure and compliant way, youopen the door to a new standard for everyone," said Michael LeBlanc, CEO of FCT and DealTapboard member. "We believe DealTapenters the market as the ultimate deal-making machine and will eventually be the industry's ultimate power tool."

    About DealTap 2.0 "The Ultimate Deal Making Machine"
    Founded in 2012, and based in Toronto, Ontario, DealTap is the world's first workflow-driven transaction platform designed specifically for residential real estate.

    DealTap works as a cloud application on various devices, mobile phones, and desktop computers on multiple platforms. DealTap allows all participating parties, including buyers, sellers and agents, to access centralized documents, and sign, amend and track changes in real time on any device without downloading complex software.

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