Compass valuation is $6.4 Billion!
July 31, 2019 Source: Wall Street Journal
Katherine Clarke | Wall Street Journal | July 30, 2019
Compass raised $370 million in a deal that increases the real-estate brokerage’s valuation to
$6.4 billion and indicates the firm is nearing an initial public offering.
Compass announced its latest funding round Tuesday and said it increased its total capital
raised to more than $1.5 billion since it launched in 2012. Investors participating in the round
include Dragoneer Investment Group. Some of the firm’s existing investors, such as SoftBank
Vision Fund, Canada Pension Plan Investment Board and the Qatar Investment Authority, also
contributed more money.
New York-based Compass has shaken up the real-estate brokerage industry in recent years by
luring top agents with generous commission splits and stock options and, more recently,
fronting sellers money to spruce up their homes for sale. The firm’s deep pockets have left
incumbent competitors struggling to keep up amid a slow housing market and shrinking
Compass has branded itself as a technology firm, touting the online tools it has developed to
Since its last round of funding in October 2018, Compass has acquired Contactually, a cloud-
New York real-estate brokerage Stribling & Associates. Compass has expanded to about 13,000
company of Corcoran Group, Sotheby’s International Realty, Coldwell Banker and other real-
share. Realogy accused Compass of pilfering trade secrets and encouraging agents to break