New York based real estate platform Compass has raised a $450m funding round from SoftBank.
New York-based Compass is now valued at $2.2 billion post-money, up from $1.8 billion just four weeks ago, with $775 million raised to date. The funding comes on the back of huge growth for Compass. Its roster of top agents — a key part of the company’s two-sided business that is both resident-facing and agent-facing — has grown 500 percent in the last 24 months, and this is helping to bring in more choice inventory to meet demand. The company itself is on track to hit 16,000 transactions and more than $14 billion in sales this year, as well as more than $350 million in revenue.