Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Ori Allon’s Real Estate Startup Compass Nabs $100 Million at a $1.8 Billion valuation


The startup Compass, which has developed a technology platform in real estate, announced the completion of a $100 million financing round, led by Fidelity Investments, Wellington Management, Institutional Venture Partners and others. For Fidelity, this is the company’s first investment.

Bloomberg estimates that the company‘s value at the time of the round is $1.8 billion.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Since it was founded in 2013 by Dr. Ori Allon, owner of the ‘Hapoel Jerusalem’ basketball team, Compass has raised $325 million in funding.

Allon founded Compass with his partner Robert Rafkin, a former White House consultant and head of Goldman Sachs’ executive office and CEO, and operates a technology platform that enables users and agents to make informed real estate decisions by providing in-depth and high-quality information on real-time pricing and market trends.

In addition, the platform presents detailed information on regions, neighborhoods, recent transactions, recreation and education, and more.

The company active in 10 regions in the U.S. including New York, Boston, Miami, Washington, and LA.

Compass plans to use the money to expand to every major city in the U.S., including Atlanta, Chicago, Dallas, Philadelphia, San Diego, Seattle and more. It also builds new CRM technology to integrate client, listings and transactions data.

This is the fifth financing round. Other investors include Founders Fund, managed by Peter Thiel, one of Facebook’s first investors and a founder of PayPal, Thrive Capital and 406 Ventures.

Compass had over $100 million in the bank before the raise, so this is about “really aggressive growth,” Chairman Ori Alon told TechCrunch in an interview.

Allon has previously made two successful exits when he sold two companies he founded to Google and Twitter.

The first exit was when he sold the Orion search engine, developed in the framework of the doctorate, which was bought in 2006 by Google.

After the sale, Allon joined Google’s management team, and the search engine he developed was based on Google’s ability to offer its users related searches.

Four years later, he founded Julpan, which developed a search engine for social networks and was acquired in 2011 by Twitter.

After the sale, Allon joined Twitter as manager of its development center in New York, where he worked for a year, until he left for the establishment of Compass.




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 Movie The Professional is what made Natalie Portman a Lolita.


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...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News