Urban Compass Raises $40M In Series B Funding Round

July 22, 2014 | The online real estate startup Urban Compass announced that it raised $40 million in its latest funding round. This is a Series B funding round for the company with participation from Salesforce CEO Marc Benioff and Advanced Publications. The total amount raised by the company to date comes to $73 million. The new funds will be used by the online marketplace for renting, selling and buying apartments to expand its service beyond New York City, where the startup began in 2012, to other metropolitan US locations like Boston, Chicago and San Francisco. According to a “Bloomberg” report, the new funds place Urban Compass’s valuation at $360 million.