Real Estate Tech Startup Compass Raises $100M
November 9, 2017 | Israeli-founded real estate technology startup Compass raised $100 million in a Series E funding round, the company announced on November 8th. The round was based on a $1.8 billion valuation.Compass has raised a total of $325 million. It raised $75 million in August 2016. Revenues for the company this year except to be $350 million. The round was led by Fidelity Investments with participation from Wellington Management. Through mobile tech, Compass matches buyers and renters to homes of interest. Compass will use the new funds to expand across the U.S., with sights set on cities like Chicago, Philadelphia, Phoenix, and Seattle. It will also enhance its platform, combining client data with transactions and listings to provide recommendations for agents. Compass is based in New York but was founded by Israeli Ori Allon in 2012.