Following a successful $100 million Series E investment round, real estate tech company Compass received a whopping $450 million investment from Softbank. The record investment more than doubled Compass’ total capital raised, bring it to a total of $775 million.
- Softbank invests $450 million in Compass after their Series E investment round
- The investment more than doubled Compass’ total capital
- Compass has raised a precedent-setting amount of capital for a venture-backed real estate company
- Other investors include Goldman Sachs, American Express CEO and Salesforce CEO
Something serious is happening behind closed doors as venture-backed tech company Compass receives a massive $450 million investment from Softbank. This follows an already successful $100 million Series E investment round and puts some serious driving force behind the company’s plans for a nationwide expansion.
“Compass is on the path to be the largest owner of real estate data, globally, and the No. 1 real estate technology company in the world,” said Robert Reffkin, co-founder and CEO of Compass. “We have our own in-house technology team that’s building an end-to-end platform for agents to run and manage every part of their business.”
The investment puts Softbank next to other big investors that strongly believe in the growing real estate tech company. Notable investors include Goldman Sachs, American Express CEO Ken Chenault, Salesforce CEO Marc Benioff, and property developer The LeFrak Organization, according to CNBC. Their previous $100 million Series E round included participation from Fidelity Investments, IVP, Wellington Management, and other global investors.