Real Estate

Compass wants investors to believe it’s worth $1.3B

therealdeal.comLess than a year after raising $60 million, Compass is seeking a new cash infusion that sources said would value the company between $1.2 billion and $1.3 billion, The Real Deal has learned.

To date, the three-year-old startup brokerage has raised $135 million from investors including Joshua Kushner’s Thrive Capital, Founders Fund, .406 Ventures, Salesforce CEO Marc Benioff and Condé Nast parent Advance Publications, all of which made repeat investments in Compass.

“With our last funding round less than 10 months ago, and due to extremely strong [first half of 2016] results, Compass is exploring another funding round based on inbound interest from investors,” Compass told The Real Deal in a statement, adding that proceeds from the round — expected to close in late 2016 — would fund its international expansion. “While the company has not yet begun formally inviting specific existing investors to participate, every existing investor that was asked if they would be interested in investing in the next round said they would like to.”

Categories: Real Estate

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