The NYC-based brokerage now has over 7,000 agents across the country and plans to launch in Austin, Nashville, Houston and internationally.

Source: https://www.inman.com/2018/09/27/compass-raises-another-400m-toward-international-expansion/

Compass Nabs $400m, Valuing The Real Estate Technology Startup At $4.4b

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Compass, the New York startup that has built a tech-first platform to take on the antiquated market of real estate, is building up its own house today. To double down on domestic growth, build out its tech, and to finally open up for business outside the US, the company has raised another $400 million of funding.

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Compass, a real-estate marketplace startup, raised $400 million in an investment round that will bring the company closer to an eventual initial public offering.

After the investment, the New York-based company will have a $4.4 billion valuation, a person familiar with the matter said. The financing will help Compass expand its real-estate technology into more cities, including outside the U.S., the firm said in a statement.

The Softbank Vision Fund and Qatar Investment Authority are leading the round, Compass said. The company expects growth in 2018 to double to almost $1 billion in revenue, according to the person, who asked not to be identified because the information is confidential. Compass makes its money by taking a small cut of ea...

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Compass, a real-estate marketplace startup, raised $400 million in an investment round that will bring the company closer to an eventual initial public offering.

After the investment, the New York-based company will have a $4.4 billion valuation, a person familiar with the matter said. The financing will help Compass expand its real-estate technology into more cities, including outside the U.S., the firm said in a statement.

The Softbank Vision Fund and Qatar Investment Authority are leading the round, Compass said. The company expects growth in 2018 to double to almost $1 billion in revenue, according to the person, who asked not to be identified because the information is confidential. Compass makes its money by taking a small cut of eac...

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Compass CEO Robert Reffkin joins 'Squawk Box' to discuss the tech real estate company and the industry.

Source : https://www.cnbc.com/video/2018/09/27/compass-ceo-on-4-billion-valuation-and-us-real-estate.html

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Compass has acquired Pacific Union International, becoming the largest independent real estate brokerage in California and the third-largest in the country.

Compass started out as a New York-based hybrid residential brokerage and tech startup. After receiving $450M from investor SoftBank in December, it has focused on its goal of reaching 20% of market share in 20 markets by 2020.

With the acquisition of Pacific Union, the company will grow to 6,400 real estate professionals representing $28B in sales volume for 2017. This latest acquisition comes on the heels of Compass acquiring Paragon Real Estate in July, forming San Francisco’s largest residential brokerage firm.

Pacific Union was originally founded in 1975 and was acquired by CEO Mark A. McLaughlin in 2009. Since then, the company has grown from $2.1B in sales volume to $14.1B in 2017.

Pacific Union has over 50 offices and about 1,700 real estate professionals in California. Pacific Union underwent a recent acquisition spree, acquiring Partners Trust in Los Angeles in 2017 and John Aaroe Group in 2016. It also recently launched a commercial real estate division in Los Angeles, where it will focus on traditional asset classes such as multifamily, retail, hospitality, office and industrial.

Compass has committed to opening in the top 20 cities in the U.S. and expanding to over 65 offices this year. In addition to San Francisco and Los Angeles, Compass has offices in New York City; Orange County; San Diego; Chicago; Boston; Atlanta; Seattle; Washington, D.C.; Dallas; Philadelphia; Aspen, Colorado; The Hamptons in New York; Miami; Westchester, New York; Greenwich, Connecticut; Naples, Florida; Santa Barbara; and Marin.

Source: https://www.bisnow.com/san-francisco/news/multifamily/compass-acquires-pacific-union-becoming-largest-residential-brokerage-in-california-92365

The real estate unicorn Compass, worth $2.2 billion, wants to connect front-lawn signage to the digital world.

The final prototype, in the shape of a magnifying glass, stands tall in a 10th-floor conference room at real estate startup Compass, emitting a gentle glow from the inner rim of its ringed frame. At first glance, the matte-black material and minimalist shape would appear destined for a patio, or inside a home. In fact, if it weren’t for the real estate agent contact information in the center of the glowing ring, it would be hard to call this a “for sale” sign. But that is exactly its purpose: to broadcast to buyers that a home is on the market, and, thanks to embedded technology, to give them access to a far ric...

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Japanese firm SoftBank is betting big on the white hot real estate tech company

Humongous breaking news this morning for Compass, the white-hot real estate tech company: it just received a $450 million investment from SoftBank Vision Fund, the collaborative tech investment vehicle started by Japanese company SoftBank and a host of big international players.

The $450 million investment in Compass marks the largest private real estate tech investment in U.S. history, according to Compass, and follows on the heels of a $100 million investment from other funders last month, which valued the company at $1.8 billion.

Collectively, Compass has raised $775 million in capital, money that will assist in its bid to expand across 10 new metropolitan ma...

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Compass takes a high-tech, high-touch approach, combining
the best agents, a top-tier creative studio, and unparalleled
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The likes of Realogy, Compass and Redfin are all touting agent-centric models and tools. Now the footsoliders of real estate may finally be getting their due.

The race is on, and agents are becoming the clear winners. All the companies in real estate -- new tech brokerages, legacy franchises and indie brokers -- are all trying to cozy-up to the solo practitioner and their small teams. At Inman Connect last week, new Realogy CEO Ryan Schneider said his focus is on agents and building technology to support them. Schneider said that leveraging untapped real estate data and enhancing the agent experience across Realogy’s litany of brands will take center stage as the giant battles for market share against Keller Williams and a growing army of tech-enabled competitors The day before, Compass CEO Robert Reffkin made it clear that he is focused on the best agents and building technology to hel...

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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.