Compass, a New York-based startup that makes technology tools for real estate brokers, said today that it has raised $100 million in Series E funding at a $1.8 billion valuation. Already active in 10 U.S. markets, Compass plans to use the funds to recruit agents in at least 10 additional markets, including Atlanta, Chicago, Houston, Phoenix, and Seattle. Investors include Fidelity, IVP, and Wellington Management.
Compass has wooed top real estate brokers with signing bonuses and the promise of better digital marketing tools. In return, brokers pay the company a share, ranging from 15%-30%, of their own fee. Last year, those revenues added up to $188 million.
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Posted on 11/16/2017 at 12:03 PM
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.