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 hire d 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.”
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