Urban Compass Raises $20M in Series A Funding

Urban Compass, a NYC-based home rentals platform and local social network, raised $20m in Series A funding.

According to TechCrunch, the new investment values the company at $150m.

Backers included Advance Publications, Inc. (the parent of Condé Nast), Founders Fund, Thrive Capital, .406 Ventures, Salesforce.com Founder & CEO Marc Benioff, and others.

The company intends to use the funds to expand its platform. It is also hiring.

Executive Chairman Ori Allon, CEO Robert Reffkin, Head of Product Mike Weiss and Lead Engineer Ugo Di Girolamo, Urban Compass combines technology with a network of neighborhood specialists to help people rent an apartment in NYC. Web and mobile users can search listings by neighborhood, price, and size preferences, schedule visits, and keep track of upcoming appointments.
The company is currently serving neighborhoods in Manhattan, Brooklyn, and Queens.



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