Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Real estate startup Compass raises $50 Million; now valued at $800 Million

compass cofounders


Compass (formerly Urban Compass), led by the founders Robert Reffkin and Ori Allon, just raised new $50 million funding round, which comes on the heels of the company’s $40 million round in July 2014. Compass’s total capital raised to date is $123 million.

The investment, led by Institutional Venture Partners (IVP), values the startup at about $800 million, according to Business Insider, citing sources familiar with the matter.

The round also included new investments from existing key investors including Thrive Capital, Founders Fund, 406 Ventures, Advance Publications, Inc. (the parent company of Condé Nast), Kenneth Chenault, CEO of American Express and Marc Benioff, Founder and CEO of

Launched in 2013, compass well known in the real estate industry in New York and DC. It attracted over 350 agents to the company already, with more of half of them in New York. With the new fund Compass plans to bring its technology to additional cities all over the United States.

Compass helps people find apartments  for renting or buying. Ori Allon said, “Our proprietary data-driven technology enables clients and agents to interact seamlessly, bringing valuable intelligence to the real estate decision-making process. Long term, we envision scaling these highly-sophisticated insights to players across the real estate value chain, expanding our opportunities for future success and growth.”

Real Estate Compass screen shot 2015-09-14 at 6.23.13 pm



Click to comment

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


Now Platika joins and elite club of $10 billion plus Israeli firms.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...