Home / Business / Compass raises $ 450 million from SoftBank with a valuation of $ 2,200 million

Compass raises $ 450 million from SoftBank with a valuation of $ 2,200 million




  compass cofounders
Compass cofunders Ori
Allon (left) and Robert Reffkin (right).

Compass

  • Home of real estate Compass has raised $ 450 million
    of SoftBank in a valuation of $ 2.2 billion.
  • The money will be used to expand where Compass
    Opera.

Compass, the startup based in New York with the objective of interrupting
the real estate market, has raised $ 450 million to $ 2.2 billion
valuation.

The new money, which comes from the Japanese conglomerate SoftBank & # 39; s
A technological fund of $ 1

00 billion, will be used to bring the compass
platform to more cities than the 11 areas where it now operates.

"With the support of the SoftBank Vision Fund, we can
Move quickly to execute our vision of & # 39; Compass Everywhere & # 39 ;,
Partnering with leading agents and their customers in all major EE. UU
city, "Compass founder Ori Allon said in a statement shared with
Business Insider "Just last week, we launched in Chicago with
the number one agent in the state of Illinois, and we're
continues to gain momentum with leading agents around the world. "

Compass has now raised
$ 775 million to date
. And with more than $ 2 billion
valuation, SoftBank investment drives the five-year-old
company in the upper ranks of New York's most valuable technology
startups


 compass maelle gave Ori Allon robert reffkin

the executives in the photo are, from left to right: Maelle Gavet,
COO; Ori Allon, founder and CEO; and Robert
Reffkin, founder and CEO

Compass

Although it uses traditional corridors, the main points of sale of
The compass is the use of data to improve the efficiency of
the real estate business together with an elegant mobile application for buyers
and tenants.

"Real estate is a great asset class, but the sector has been
relatively intact by technology and still inefficient and
fragmented, "said Justin Wilson of SoftBank in a statement.
"Compass is building a differentiated technology platform from end to end
that is added through various data streams to support agents and
homebuyers through the entire process, well beyond the initial
house search with disruptive technology and unique data
advantages, Compass is well positioned for future growth in
sector that represents billions in volume of transactions ".


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