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Published 3 years ago

How Much Compass Spent Buying Brokerages Since 2018

Summary

Since 2018, Compass has spent more than $300 million to scale its business, buying other brokerages and tech companies to support its “end-to-end platform,” according to the company’s IPO filing. Backed by $1.5 billion in venture capital from investors including Fidelity, Wellington and SoftBank, Compass’ growth story has been unmatched in residential real estate.

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Compass, the much-hyped Softbank-backed real-estate brokerage, has filed for an IPO. We pored over its 261-page S-1 filing and came away 5 key takeaways.

CEO Robert Reffkin led Compass to be America's fastest-growing residential firm. But critics wonder if its big spending can ever give way to profit.

3 years ago·United States

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How Much Compass Spent Buying Brokerages Since 2018

Since 2018, Compass has spent more than $300 million to scale its business, buying other brokerages and tech companies to support its “end-to-end platform,” according to the company’s IPO filing. Backed by $1.5 billion in venture capital from investors including Fidelity, Wellington and SoftBank, Compass’ growth story has been unmatched in residential real estate. The brokerage aggressively courted agents after launching in 2012, but six years l…

3 years ago·New York, United States

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