Compass investors could be prepared for unexpected events when a housing brokerage company is announced later this year.
Since its launch in 2012, Compass has received more than $ 1.5 billion from investors who together hold a 60.25 percent stake in the startup, according to data from the Pitchbook.
This group includes supporters of SoftBank Group, Wellington Management and Dragoneer. It also includes the thriving capital of Joshua Kushner, Salesforce CEO Marc Benioff and American Express CEO Kenneth Chenena, who have invested in the initial rounds of Compass funding, along with industrial players Miki Naftali and LeFrak.
Led by CEO Robert Reffkin and President Ori Allon, The compass provided confidential information so that it could be published this week. For months, he laid the foundations of this offer by strengthening it Executive team and board and add title and custody services to his offers.
As with every launch, the oldest supporters could reap the greatest rewards. Here’s who invested in Compass and when.
Initial round of funding: $ 8 million
Stock price: Unknown
Company share: Unknown
The brokerage company – then known as Urban Compass – received an initial $ 8 million round in 2012. At the time, it was focused on New York rents, and agents were hired as “neighborhood specialists” to show off apartments. Investors included Goldman Sachs, where Reffkin previously worked, as well as Founders Fund, Joshua Kushner’s Thrive Capital, American Express CEO Kenneth Chenault, .406 Ventures and others.
Series A: $ 20 million
Stock price: $ 10
Company share: 13.21%
In September 2013, the startup received $ 20 million in cash valuations of $ 133.24 million.
Compass intended to use these funds to hire more paid agents, but in early 2014 it turned to a more traditional commission model. Investors included Advance Publications (parent company of Condé Nast) and Marc Benioff, founder and CEO of Salesforce. Corigin Ventures (now Alpaca) and Prudence Holdings have joined the round with previous investors Founders Fund, Thrive and .406 Ventures.
Series B: $ 42 million
Stock price: $ 20.77
Company share: 4.37%
Another part of the compass capital – $ 42 million in July 2014 – more than doubled its valuation at $ 362 million. It also provided him with a war chamber to expand into cities such as Boston, Chicago and Washington, DC Advance Publications, Benioff and Chenault reinvested, as well as Thrive, Founders Fund and .406 Ventures.
Series C: $ 50 million
Stock price: $ 40.50
Company share: 3.27%
IVP, a late-development company betting on Twitter, Snapchat and Dropbox, led Compass in the C Series in September 2015 for $ 50 million, which it praised. $ 810 million. New investors included Sinai Ventures, developer Miki Naftali and LeFrak. Thrive, Benioff, Chenault, Founders Fund, Advance and .406 Ventures have re-increased their investments to help Compass grow nationwide and build teams of engineers, products and design.
Series D: $ 75 million
Stock price: $ 42.63
Company share: 6.1%
Compass gained unicorn status in August 2016 after closing and $ 75 million wheel led by Wellington Management. The results of Wellington’s late-stage betting on companies and their publication have fueled speculation that Compass is looking at the public offering. Investors IVP, Thrive and Founders Fund also participated, giving Compass the firepower to further expand its geographical reach. She soon entered San Francisco, where she eventually acquired several top companies.
E Series: $ 550 million
Stock price: 65.88 USD
Company share: 19.39%
In November 2017, Compass nabbed $ 100 million from Fidelity, IVP and Wellington to help build a customer relationship manager or CRM. A month later, SoftBank wrote a $ 450 million megasque, the largest real estate brokerage investment at the time. SoftBank’s investment boosted Compass’s valuation to $ 2.2 billion, up from $ 1.8 billion just a few weeks ago, and helped fund a number of brokerage acquisitions across the country. Compass bought CRM Contactually in February 2019.
F Series: $ 400 million
Stock price: 118.57 USD
Company share: 8.12%
SoftBank doubled its investment in September 2018, leading to a $ 400 million increase with the Qatar Investment Bureau, bringing Compass’s valuation to $ 4.4 billion. Wellington, IVP and Fidelity participated together with Bascom Ventures, Glynn Capital, Spike Ventures and Torch Capital. At the time, Compass said the funding would bring it closer to its “2020 by 2020” goal: to gain a 20 percent market share in 20 U.S. cities by 2020. It also teased international expansion, which did not happen.
G Series: $ 370 million
Stock price: 154.27 USD
Company share: 5.78%
Compass’s latest financing – $ 370 million in July 2019 – worth $ 6.4 billion. The round, led by SoftBank and Dragoneer, was earmarked for geographic expansion plus R&D spending. The Canada Pension Plan Investment Board, QIA and Alumni Ventures Group have also invested. According to RealTrends, by the end of 2019, Compass had hit 18,000 agents with sales of $ 91.3 billion.