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.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

How U.S. Giant Realty Income Bought The UK And Europe

Hurricane Isaias Puts More Than $40B In Multifamily Property In Its Path

Grafton Place Scheme Comes To Market Again, Guiding At €250M

Braemar Inches Closer To Ashford Breakup With $372M Hotel Sale

NYC Is Building Hotels Again. It May Not Be Enough

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Heitman, Andover Target Self-Storage With New Investment JV

Interest Rate Hike Douses Outlook For Atlanta Developers

The Bridge-To-Bridge Bet Is Holding Off CRE's 'Day Of Reckoning' — For Now

HUD Launches Investigation Into Wells Fargo's Efforts To Support Black Homeownership