Compass, a NYC-based technology-driven real estate platform, closed a $75m Series D funding round.
The round was led by Wellington Management Company LLP, with participation from Institutional Venture Partners, Thrive Capital, Founders Fund, and 406 Ventures.
The company, which has raised has raised $210m in capital to date, intends to use the funds to accelerate growth into new markets and improve its technology.
Launched in 2013 by Ori Allon, Executive Chairman, and Robert Reffkin, Compass is a technology-driven real estate platform dedicated to creating an intelligent home buying, selling, and renting experience by combining agents, proprietary market insights, and integrated mobile and web technologies.
Earlier in 2016, the company launched a national real-time market report via a mobile app. Called Compass Markets, the app is designed to replace stale quarterly market reports with up-to-the-minute housing data. It also offers an agent-only app designed to simplify the entire real estate process through marketing, property valuation, and open house capabilities.