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About

Alessandra Castrogiovanni, a native of Los Angeles, grew up in Palos Verdes where she was highly influenced by her family. Her mother is established as a successful Broker and her father’s entrepreneurial spirit as a Builder and Developer, made a lasting impression.

Her education has contributed to her global perspective and curated an eye for interior design, decor and architecture. She minored in Art at the prestigious L’Accademia di Belle Arti in Bologna, Italy before earning her B.A. in International Relations from Fordham University at Lincoln Center in New York, where she was chosen to be the Rapporteur for UNICEF at the United Nations. Well-traveled and well connected, she is fluent in Italian and enjoys working with a diverse, international clientele.

Compass Now Valued at 6 Billion

I’m excited to announce the latest milestone at @Compass – A $370M funding round leading to a valuation of over $6 Billion. I’m proud to work for a company committed to empowering agents like me with innovative technology and global connections. We’re here to help you #findyourplace, wherever you are in the world. #compasseverywhere @AtHomeLA

Compass and Waze Connect

What’s new at @Compass this fall? We’re taking our mission on the move with @waze. Beginning in October, Compass pins will pop up on the Waze map, indicating listings equipped with our new reimagined real estate sign. Learn more about how you can #findyourplace with the latest addition to the Compass technology ecosystem at sign.compass.com At Home L A

Press & News

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Brokerage now valued at $6.4B

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Compass Founder & CEO Robert Reffkin (Credit: Michael Toolan, iStock)

After raising another $370 million, the only thing standing between Compass and an IPO is time.

The New York-based brokerage — now valued at $6.4 billion — announced its latest round Tuesday, eliciting a new round of speculation as to when it may go public.

Robert Reffkin, CEO and co-founder of the firm, acknowledged Tuesday that going public was in the cards.

“Look, we’re likely going to have an IPO,” he said during an interview on CNBC’s Squawk Box. “But we’re fortunate, given our capital base, that we have flexibility in timing.”

It’s a line Reffkin has used before.

Launched in 2012, ...

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Latest round lifts real-estate brokerage’s valuation to $6.4 billion, indicates firm is nearing IPO

Compass raised $370 million in a deal that increases the real-estate brokerage’s valuation to $6.4 billion and indicates the firm is nearing an initial public offering.

Compass announced its latest funding round Tuesday and said it increased its total capital raised to more than $1.5 billion since it launched in 2012. Investors participating in the round include Dragoneer Investment Group. Some of the firm’s existing investors, such as SoftBank Vision Fund, Canada Pension Plan Investment Board and the Qatar Investment Authority,...

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Investors include Dragoneer, which backed Uber and Slack prior to IPO

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From left: Robert Reffkin and Ori Allon (Credit: Compass and iStock)

Compass just added $370 million to its coffers.

The New York-based brokerage announced the Series G on Tuesday, which sources said values the company at $6.4 billion, up from $4.4 billion after the prior funding round.

Founded in 2012, Compass has now raised more than $1.5 billion from investors to date. The latest round — which the company said would further its tech investments — includes a mix of new and prior investors including SoftBank’s Vision Fund and the Qatar Investment Authority, which led the previous round last September. The Canada Pension Plan Investment Board also participated in the Series G with Dragoneer Investment Group.

The participation of Dragoneer — a late-stage investor that backed Slack and Uber before they went public — will likely fuel speculation around Compass’ plans for an IPO.

Like its last round, Compass plans to use the latest infusion of capital to “accelerate our growth and further our technology advancements,” company founder and executive chairman Ori Allon said in a statement.

Specifically, Compass will invest in software development as well as cloud, mobile and artificial intelligence tools to simplify homebuying and selling. It will expand its product and engineering team further on the East and West coasts, and in August, there are plans to launch a consumer search tool.


READ MORE:

Compass is buying brokerages from coast to coast and targeting $1B in revenue. Can it deliver?


Sources said the valuation is based on a multiple of Compass’ revenue, which has been fueled by several key acquisitions in recent months. (Compass declined to provide specifics, but said it logged three consecutive months of record revenue during the second quarter, representing a 250 percent increase from 2018, when its revenue target was $1 billion.)

In April, the SoftBank-backed firm acquired Manhattan-based Stribling & Associates, a boutique firm with nearly 300 agents and $1.6 billion in sales last year. It also snapped up the Bay Area’s Alain Pinel Realtors, a 1,300-agent firm with $12 billion in annual sales in 2017.

Nationwide, Compass was the third-biggest brokerage on a ranking published by research firm Real Trends, which said the firm logged $45.5 billion in 2018 sales volume.

IPO watch

Compass’ latest round puts off (at least for now) what some speculators are waiting for: An IPO.

After closing its $400 million Series F led by SoftBank and QIA, some speculated that round would be Compass’ last before a public offering. That round valued the brokerage at $4.4 billion.

But the public market hasn’t been kind to residential brokerages. Compass rival Realogy has seen its market cap plummet to below $1 billion, down from $3.3 billion roughly a year ago. Earlier this month, Realogy filed an explosive lawsuit accusing Compass of illegal business practices, including data theft and attempts at price fixing. Realogy stock dipped below $5 on Monday, closing at $4.96 per share, down 8.15 percent from Friday.

Meanwhile, VC firms continue to pump money into proptech. Just last week, venture capital firm Fifth Wall closed on a $503 million fund focused on the sector — the largest of its kind to date. This past May, real estate tech firm VTS closed a $90 million round valuing the company at more than $1 billion.

Addressing “missteps”
Over the past eight months, Compass has been doubling down on its technology. At the end of 2018, CEO Robert Reffkin acknowledged certain “missteps” in Compass’ rollout of new tools.

In the new year, however, Compass acquired Contactually, a customer relationship management system popular among rival firms. It expanded a new tech campus in Seattle and tripled the size of its product and engineering team to more than 300.

That growth has had casualties, however.

Last month, The Real Deal reported that three top executives in marketing and product resigned or were let go. Eytan Seidman, head of product, resigned in May. Former chief marketing officer and Max Henderson, Compass’ vice president of product, were reportedly let go. In April, chief people officer Madan Nagaldinne and general counsel David Carp also left.

Though some sources cited tension between Reffkin and COO Maelle Gavet over how to run the company, the CEO denied the assertion. Nonetheless, Compass announced a reorganization of its top executives designed to streamline certain departments and help identify opportunities to grow. Reffkin is now overseeing a streamlined tech team, including product and engineering. The application design team was consolidated under CTO Joseph Sirosh.

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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

Investment will further national growth, deepen technology advancement and launch international expansion

EW YORK, Sept. 27, 2018 /PRNewswire/ -- Compass, a real estate technology company, today announced a $400 million Series F financing round; capital that will enable the company to expand internationally, continue to fuel its growth across the U.S, and increase its investment in technology to further empower Compass agents and their clients. This round is led by the Softbank Vision Fund and Qatar Investment Authority (QIA), with participation from Wellington, IVP and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion.

Since its founding in 2012, Compass has been committed to revolutionizing the real est...

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Areas & Neighborhoods

Testimonials

  • "Alessandra demonstrated class and a high end feel for style and design. She is a consummate professional and very compassionate, while being sensitive to our needs and timeline. She has far exceeded all of the other sales in the area — as our home sold at the highest price point ever! She is meticulous with her open houses, and very creative with her marketing material, social media exposure, promotional campaigns, using video and music production to sell our home at another level. She worked very diligently and beyond our expectations. Alessandra is super organized and also very clear in her communication with us. I very much appreciated this as I am very detailed myself. This emotional process became an exiting and inspiring experience in which we loved working together with Alessandra. We will be friends for life and I would highly recommend her services!"

    Marie-josé and Hans Blom

    "Alessandra demonstrated class and a high end feel for style and design. She is a consummate professional and very compassionate, while being sensitive to our needs and timeline. She has far exceeded all of the other sales in the area — as our home sold at the highest price point ever! She is meticulous with her open houses, and very creative with her marketing material, social media exposure, promotional campaigns, using video and music production to sell our home at another level. She worked very diligently and beyond our expectations. Alessandra is super organized and also very clear in her communication with us. I very much appreciated this as I am very detailed myself. This emotional process became an exiting and inspiring experience in which we loved working together with Alessandra. We will be friends for life and I would highly recommend her services!"

    Marie-josé and Hans Blom

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  • "Alessandra you are the best! Thank you so much for everything you did start to finish. We so appreciate your help with the move and going above and beyond helping - you just made our move in a breeze!!"

    Golden Tate III, Wide Receiver, Detroit Lions

    Elise Pollard, Director of Business Development, Harvey Nash

    "Alessandra you are the best! Thank you so much for everything you did start to finish. We so appreciate your help with the move and going above and beyond helping - you just made our move in a breeze!!"

    Golden Tate III, Wide Receiver, Detroit Lions

    Elise Pollard, Director of Business Development, Harvey Nash

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  • "Alessandra worked tirelessly to help me sell my house in Venice for quite a bit over asking price. She put me in touch with excellent professionals to help with repairs and staging, and gave me great advice about about pricing. I also had her help in buying two other properties, and will use her again to sell one later this year. I recommend her services very highly. I'm happy to have found someone I trust and like."

    Betsy Paterson, Visual Effects Supervisor

    "Alessandra worked tirelessly to help me sell my house in Venice for quite a bit over asking price. She put me in touch with excellent professionals to help with repairs and staging, and gave me great advice about about pricing. I also had her help in buying two other properties, and will use her again to sell one later this year. I recommend her services very highly. I'm happy to have found someone I trust and like."

    Betsy Paterson, Visual Effects Supervisor

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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.