The Dealmachines LTD

Company History

DealMachine was launched in 2017 as a simple driving-for-dollars mobile app designed to help real estate investors identify off-market properties while on the road. Within three years, the company evolved into a full-fledged data platform, expanding its capabilities to include list building, direct mail, and skip tracing. The company’s growth has been steady, driven by a focus on data quality, friction reduction, and customer feedback. By 2026, DealMachine reported 170,000 active investors, $17 million in annual recurring revenue, and a team of 36 employees.

Product Suite

DealMachine’s platform is built around four interconnected modules. List Builder allows users to create custom lead lists from a database of over 150 million properties using 700+ data points and 70 pre-designed filters, updated daily. Driving for Dollars uses GPS tracking to log off-market properties while physically driving or via a “virtual” driving feature from a desktop. Direct Mail offers automated, personalized postcard and handwritten-letter campaigns with property images, customizable templates, and follow-up sequences. Skip Tracing is provided at no additional cost, giving users unlimited access to property owner contact information from multiple databases, saving an estimated $20 million annually compared to legacy competitors. The platform also includes cross-platform syncing between mobile and desktop.

Market Position

DealMachine competes with tools like PropStream, BatchLeads, and REIPro. It differentiates through its free skip tracing and mobile-first design, which appeals to wholesalers, flippers, and landlords seeking to source off-market deals. Customer reviews on Trustpilot give the platform a 4-star rating, though some Reddit users have noted occasional data inaccuracies. The company’s database of 150 million properties and 700+ filters provides a competitive edge in lead generation. DealMachine has facilitated over 100,000 real estate transactions through its software.

Growth and Leadership

The company is privately held and has not disclosed external funding rounds. Its leadership team consists of co-CEOs David Lecko and Dave Oster, both co-founders. The company’s emphasis on customer feedback and data quality has driven its growth from a simple app to a comprehensive platform. In 2026, Lecko and Oster were named finalists for the EY Entrepreneur Of The Year 2026 Heartland Award, recognizing the company’s impact on real estate investing technology.