Compass Surpasses $1B Valuation, Becoming One Of The Newest Unicorns To Shake Up Real Estate Market

temp-post-image

Real estate startup Compass completed another round of funding this week, pushing its value to more than $1B.

The hybrid tech and residential brokerage raised $75M in Series D funding, led by investors like mutual fund operator Wellington Management Co and a handful of venture capital firms, including Institutional Venture Partners. Compass’ more than $1B valuation makes the New York-based company the latest unicorn, Bloomberg reports.

Wellington is a big unicorn backer, having invested in startups like Airbnb and WeWork in the past—though this was the firm's first investment in Compass, The Real Deal reports. During its last round of funding in September, Compass raised $60M, pushing its valuation to $800M. The brokerage plans to use the new resources to accelerate growth into new markets and to improve its tech platform for consumers and agents alike. Already the firm has expanded to 24 offices throughout the country in markets like Miami and DC.

Source: https://www.bisnow.com/national/news/technology/real-estate-startup-compass-inc-now-valued-at-more-than-1b-after-series-d-round-64692

logo

Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.