Compass, Now With A Commercial Division, Valued At $4.4B After Series F Round
Brokerage Compass is now worth $4.4B after a mammoth funding round led by SoftBank’s Vision Fund and the Qatar Investment Authority.
The firm raised $400M in a Series F round, Bloomberg reports. It is going to use that money to branch into other cities around the country and world, the firm told Bloomberg in a statement.
Wellington, IVP and Fidelity also participated in the deal, according to The Real Deal. Compass has now raised a total of $1.2B and is planning to expand aggressively, according to the publication.
Compass, which was founded six years ago, launched its commercial division this summer. It has been on a hiring spree, picking up several big names in the residential and commercial brokerage world.
It hired former Eastern Consolidated Managing Director Adelaide Polsinelli to launch its investment sales division in August. Fellow Eastern alum Robin Abrams and her team — known as Abrams Retail Strategies — is building the firm’s commercial leasing and advisory services.
Compass also acquired Pacific Union International, a California-based brokerage this summer.
“Real estate is the largest asset class in the world,” co-founder Ori Allon said in a statement. “We are excited to bring Compass technology to international markets.”