Compass, a NYC-based real estate technology company, is to receive a $450m investment from SoftBank Vision Fund.
The investment will bring the total capital raised to $775m.
The company will use the capital to expand to every major U.S. city and increase its investment in technology.
Founded in 2012 by Ori Allon and Robert Reffkin, Compass is building a real estate platform, which aims to reduce the friction and frustration associated with selling, buying, or renting a property by providing real estate agents with a set of tools to increase efficiency and sales volume.
The company operates in 11 regions across the United States including New York City, Los Angeles, Chicago, San Francisco, Boston, Washington, D.C., Miami, Orange County, The Hamptons, Santa Barbara and Montecito, and Aspen.