• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Compass Announces $400 Million in Series F Funding

September 27, 2018 By admin Leave a Comment

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 estate industry, reducing the friction associated with selling, buying, or renting a property by providing real estate agents with a set of powerful tools to increase efficiency and sales volume.

In 2018 alone, Compass more than tripled their agent population to over 7000 to-date, and launched in key major markets including San Diego, Dallas, Seattle, Philadelphia and Atlanta, with plans to launch in Austin, Nashville and Houston before the end of the year. Compass is on track to hit over $34 billion in sales volume this year, more than doubling their 2017 sales volume of $14.8 billion. Last month, Compass became the #1 independent brokerage in California after announcing their acquisition of Pacific Union International.

The $400M Series F round positions Compass to:

Accelerate its 2020 vision of gaining 20% market share in the top 20 cities in the U.S. by 2020
Double down on technology: Compass plans to continue launching new products and initiatives, creating one platform for the real estate industry
Expand internationally
“Real estate is the largest asset class in the world, and we are excited to bring Compass technology to international markets,” said Ori Allon, Founder and Executive Chairman of Compass. “Our incredible track record of growth in the U.S. validates our vision and sets us up for the global stage. The support of our investors will strengthen the Compass mission to help everyone find their place in the world by advancing our national and global expansion and continue building our agent productivity platform through technology and innovation.”

“Compass’s continued growth is being driven by their commitment to empowering agents with best-in-class technology that helps them expand their business and better serve consumers,” said Justin Wilson, SoftBank Investment Adviser’s board representative. “We’re excited to continue to support Compass as they further invest in their data and technology capabilities to create a next generation platform for home transactions and ownership.”

“We believe Compass is well positioned in the real estate brokerage sector driven by technology. We look forward to partnering with Compass and existing shareholders in the next stage of the company’s growth. Our investment marks QIA’s ongoing commitment to investing in high quality technology, media and telecommunications assets,” said a spokesperson for QIA.

About Compass
Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in major markets across the United States including: New York, Los Angeles, Orange County, Chicago, San Francisco, Seattle, Philadelphia, San Diego, Washington, D.C., Dallas, Atlanta, Boston, Miami, Westchester, Santa Barbara and Montecito, The Hamptons and Aspen. Learn more and find your place at compass.com/careers.

SOURCE Compass

Related Links
http://www.compass.com

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

The Future of Food: Top Trends to Watch in 2023 and Beyond
How to discover the treasure trove of hidden marketing insights by watching customer behavior
Navigating Uncertainty: Prioritizing Hydrogen R&D Efforts for a Sustainable Future
Unleashing the Hidden Talent Pool: The Rise of STARs – Skilled Through Alternative Routes
United Against China: Japan and the Netherlands to Join US in Restricting Semiconductor Exports
Revolutionizing Agriculture: How CRISPR is Changing the Game
The ticking time bomb: Understanding the demographic challenges facing our planet

Market Research Media

Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales
How to market recycled products

Secondary Sidebar

Tech Events

Chiplet Summit, January 24-26 2023, the Doubletree by Hilton San Jose Hotel
Flagship Community Conference for the Leading Open Source Browser Automation Standard Returns to In-person Event in Chicago, March 28-30, 2023
The 2nd annual Connecting Green Hydrogen Europe 2023 will Take Place 5th – 6th July 2023 at Riu Plaza España Madrid, Spain
DesignCon, the nation’s must-attend event for chip, board and systems design engineers, Jan. 31- Feb. 2 2023, Santa Clara Convention Center
Chiplet Summit, January 24-26, 2023, Doubletree by Hilton, San Jose

Venture Capital

The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement
Ottopia announces $14.5M Series A Funding Round

Footer

Recent Posts

  • Big Tech Layoffs Lead to a Booming Demand for Skilled Workers
  • Meet the BLOOM: The Next Generation of Large Language Models
  • The Rise of Automated Tutoring in Higher Education
  • The Progress and Promise of AI Music Generation
  • 5G is the New Cyber Attack Surface: Understanding the Risks and Opportunities
  • The Evolution of the Skateboard
  • How can we clean space junk?
  • How Electric Vehicles (EV) Are Changing the Automotive Industry
  • Scientists are looking for intelligent alien life
  • The Rise of Quantum Computing: Understanding the Basics and its Potential Impact

App Coding

Scrub your code in real-time
Software can be classified into two categories
Registered yet for Cloudflare Connect London 2022?
monday.com Adds Built-In Monetization Solution to the apps marketplace
Creating an app that generates a description of an image using ChatGPT

API Coding

Fintech AI Leader Photon Commerce Partners With Identifee to Enable Banks to Instantly Digitize and Analyze Statements
Most commonly used HTTP Headers
What is an API Gateway?
Creating an API that generates a description of an image using ChatGPT
How to code an API with ChatGPT

Blockchaining

What is NFT?
Primitives Raises $4 Million to Redefine NFTs Through New Social Network
Russia Sanctions and Cryptocurrencies: Policy Issues
ETHDenver’s #BUIDLathon and Community-Owned Innovation Festival Returns in February 2023
What are DLT ledgers?

Event Calendar

NAHB International Builders’ Show (IBS 2023) in Las Vegas from January 31 to February 2, 2023
India’s largest biennial automobile exhibition Auto Expo 2023 held on January 12-15, 2023 at Pragati Maidan, New Delhi
NRF 2023, Retail’s Big Show and Expo, January 15 to 17, 2023, Jacob K. Javits Center, New York
DOMOTEX Hannover 2023′ in Germany from 12-15 January
Electrify Expo Austin Set to Be Largest EV Demo Event of the 2022 Season, November 12-13, 2022, Austin, Texas

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT