The Opportunity
Today, most real estate decisions are made
via gut instinct and outdated information.
We think that people deserve better.
• Real estate is the largest asset class in the world. The U.S.
transacts $1.5 trillion in residential real estate annually.
• There are 2 million licensed real estate agents in the U.S.
alone, generating $75 billion in brokerage commissions.
• The industry is highly fragmented with over 64,000
boutique brokerages and over 800 MLSs.
• There are more than 250 niche third-party software tools
for agents that don’t work together. The average agent
uses 11 different tools.
Our Mission
At Compass, our mission is to help
everyone find their place in the world
The decision to buy, sell or rent a home is
too important to get wrong. At Compass,
we want to help you find a place — a
house, a neighborhood, a community —
where you feel like you belong. This
matters.
Our Technology
We are building the infrastructure, data
and technology on which the future of
the real estate industry will operate.
Compass’ platform integrates listings,
client and transaction data all in one
place, giving agents personalized
recommendations and insights on how to
better serve their clients.
Our Nationwide Network
In just seven years, Compass has
become the largest independent
brokerage in the country.
It has publicly shared its goal to
achieve 20% market share in the
top 20 U.S. cities by 2020.
Our Investors
Compass has raised $1.2 billion in financing from
the same investors who have backed world-class
technology companies such as Facebook, Instagram,
Twitter, Airbnb, Uber and Lyft.
Who we are
Compass powers an intelligent and seamless real
estate experience. Combining best-in-class technology
with an exceptional team, we help our clients navigate
through the process of selling, buying or renting a home.
Company milestones
October 2012
Founded by Ori Allon &
Robert Reffkin as ‘Urban
Compass’
November 2012
Established our first HQ in
SoHo. Closed an $8M seed
round of investor funding
May 2013
Publicly launched in New
York City & was welcomed
by Mayor Bloomberg
August 2013
Launched our consumer
mobile app
September 2013
Closed a $25M Series A
round of investor funding
July 2014
Closed a $40M Series B
round of financing with a
reported valuation of $360M
September 2014
Opened a Midtown office at Lever
House, adding 10,700 square feet
to our New York holding
December 2014
Opened our new HQ at
90 Fifth Avenue
November 2014
Announced our expansion
into Washington DC with
the acquisition of LRRE
February 2015
Launched in New York
and Washington DC as
‘Compass’
May 2015
Underwent a
complete rebrand
August 2015
Launched
in Miami
September 2015
Closed $50M with a
reported valuation of $800M
Launched in Boston
October 2015
Launched in
The Hamptons
November 2015
Launched
in Los Angeles
April 2016
Launched
in Aspen through the
acquisition of Shane Aspen
Real Estate
September 2016
Closed $75M with a
reported valuation of just
over $1 billion
Launched in SF
November 2017
Closed $100M Series E
round of investor funding
bringing us to a valuation of
$1.8 billion
Launched in Chicago
December 2017
Closed $450M Series E
round of investor funding
bringing us to a valuation of
$2.2 billion
Talent & Agility: Bend without braking
We bring the brightest minds to real estate in order to
elevate each transaction as well as the standards of our
entire industry. Committed to constant improvement, we
possess the knowledge to chart a course and the courage
to rapidly adapt it.
Solutions-Driven Thinking: Turn no into
know
Dedicated to one of life’s biggest and most complex decisions,
we believe there is a response to every problem. We innovate and
ideate when confronted with obstacles, developing informed,
creative answers to seemingly impossible questions.
Collaboration & Diversity: Work better together
Much like it takes more than one house to form a neighborhood, an
accomplished group sharing ideas delivers the most formidable results.
By pooling our abilities across every facet of our business, our wins are
both broad and enduring.
Integrity: Build trust with every interaction
From the buyers and sellers we serve to the coworkers that
surround us, each individual and every exchange warrants respect,
honesty and open communication. Above all, we are committed to
not only gaining, but retaining our clients’ confidence.
What's Happening In The Real Estate Market: March 2019 Edition