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 a...

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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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Self-storage deal

With help from Maya Parthasarathy

TODAY IN REAL ESTATE — The Long Island City Partnership will host its annual legislative breakfast from 8 a.m. to 10 a.m. at 27-01 Queens Plaza North. Expected speakers include Lt. Gov. Kathy Hochul, State Sen. Michael Gianaris, Public Advocate Tish James, and City Councilman Jimmy Van Bramer. They will discuss the current legislative landscape and the partnership will appoint its board of directors for the coming year. More information here.

With help from Maya Parthasarathy

TODAY IN REAL ESTATE — The Long Island City Partnership will host its annual legislative breakfast from 8 a.m. to 10 a.m. at 27-01 Queens Plaza North. Expected speakers include Lt. Gov. Kathy Hochul, State Sen. Michael Gian...

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Compass continues to raise capital — this time from SoftBank Group.

Less than a month after the New York-based real estate technology startup received $100 million in series E funding from Fidelity Investments, Tokyo-based SoftBank infused the company with $450 million, plus another $50 million in secondary deals.

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Real estate tech firm Compass is the latest beneficiary.

Real estate tech company Compass is the latest beneficiary of SoftBank’s $100 billion Vision Fund, receiving $450 million Thursday from a funding round led by the tech fund.

Backed by tech giants including Apple, Qualcomm and Sharp, as well as by sovereign funds from Saudi Arabia and the United Arab Emirates, SoftBank’s Vision Fund has so far raised $98 billion, making it the largest technology investment fund ever. Its scale has reshaped Silicon Valley in 2017.

Other recent investments include funding rounds for Slack, Mapbox and Vir Biotechnology. SoftBank is likely to invest up to a whopping $10 billion in Uber, but that deal hasn’t gone through yet.

Here’s a running list of all the funding rounds the Vision Fund has participated in:

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*SoftBank investments expected to be offered to the Vision Fund **Combined $4.4 billion from both SoftBank Group and SoftBank Vision Fund. Split not disclosed. Note: Since final deal values are not disclosed, value of funding rounds led by SoftBank is used instead. Source: SoftBank announcements and disclosures, news reports (Flipkart, Nvidia). OSIsoft not included since deal value is unkown.
As the lead investor, Vision Fund isn’t responsible for the entire amount of the funding round, but rather the largest portion. Some of the deals (OneWeb, SoFi, Improbable, Nauto) are expected to be offered to, but are not currently part of the Vision Fund. Final deal values have not been disclosed.

The Vision Fund hopes to raise a total of $100 billion that it will invest for up to five years after its final closing. Incredibly, SoftBank is also discussing raising money for another huge tech fund.

  • Real estate technology firm Compass says it's getting an investment of $450 million from the SoftBank Vision Fund.
  • The infusion from the $93 billion venture vehicle brings Compass' total capital raise to $775 million.
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CHINA INVESTMENT OUTLOOK

Happy Friday, Term Sheet readers.

Let’s wrap up the week with a quick overview of China’s investment outlook. I spoke with Hans Tung, a managing partner at GGV Capital. Tung has been a U.S.-China investor for more than a decade. His portfolio includes Xiamoi, Airbnb, Wish, and muscal.ly.

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Top of the Morning

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From left: Robert Reffkin, Ori Allon and Masayoshi Son (Photo illustration by Lexi Pilgrim for The Real Deal)

Japanese investor has made giant bets on WeWork through $98B Vision Fund

A five-year-old New York-based residential brokerage has now raised more than $750 million in venture capital. Let that sink in.

Just a month after raising $100 million in a Series E round, Compass received a $450 million infusion from SoftBank, the company announced Thursday, giving it a new valuation of $2.2 billion. The capital makes Compass the richest brokerage in the country – no one else even comes close– and sets it up to make a flurry of acquisitions in coming months.

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SoftBank Vision Fund makes $450 million investment in Compass

When we hadn’t heard a peep from Masayoshi Son for over two weeks, we knew something had to be up…

…and that appears to be the case, as SoftBank’s Vision Fund invested $450 million in real estate tech company Compass. The last 30 days have been very kind to Compass, which also raised $100 million from Fidelity four weeks ago. It’s now valued at $2.2 billion.

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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.