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{{short description|American real estate technology company}}
{{short description|American residential real estate broker}}
{{other uses|Compass (disambiguation)}}
{{other uses|Compass (disambiguation)}}
{{promotional tone|date = November 2021}}
{{Use mdy dates|date=June 2015}}
{{Use mdy dates|date=June 2015}}
{{Infobox company
{{Infobox company
Line 12: Line 11:
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{NYSE|COMP}}
| traded_as = {{NYSE|COMP}}
| former_name = Urban Compass, Inc. (2012–2021)
| ISIN =
| founder = Ori Allon<br />[[Robert Reffkin]]<br /> Avi Dorfman<ref>{{cite web |author=Inman |url=https://www.inman.com/2021/11/16/avi-dorfmans-8-year-battle-with-compass-is-finally-over/ |title=Avi Dorfman's 8-year battle with Compass is finally over
| founder = Ori Allon<br>[[Robert Reffkin]]<br>Avi Dorfman<ref>{{cite news | url=https://www.inman.com/2021/11/16/avi-dorfmans-8-year-battle-with-compass-is-finally-over/ | title=Avi Dorfman's 8-year battle with Compass is finally over | first=MARIAN | last=MCPHERSON | work=[[Bradley Inman]] | date=September 16, 2021}}</ref>
|publisher=Inman |access-date=2021-11-16}}</ref>
| industry = [[Real estate]]
| industry = [[Real estate]]
| website = {{URL|https://compass.com}}
| location_city = [[New York, New York]]
| location_city = [[New York, New York]]
| location_country = United States
| location_country = United States<ref name="techcrunch.com">{{Cite web |last=Lunden |first=Ingrid |date=2015-09-15 |title=Compass Raises $50M at An $800M Valuation Led By IVP To Supersize Its Real Estate Platform |url=https://techcrunch.com/2015/09/15/compass-50m-real-estate/ |website=TechCrunch}}</ref>
| foundation = {{Start date and age|2012|}}
| foundation = {{Start date and age|2012|10|04}}
| services = [[Broker]]
| incorporated =
| key_people = {{ubl|class=nowrap|Ori Allon (Executive Chairman)|Robert Reffkin (CEO)|Kalani Reelitz (CFO)|Rob Lehman (CBO)|Joseph Sirosh (CTO)|Greg Hart (CPO)}}
| key_people = {{ubl|Robert Reffkin ([[chairman and CEO]])|Kalani Reelitz (CFO)}}
| area_served = [[United States]]
| area_served = 39 areas in the [[United States]]<ref>{{cite web |author=Compass |url=https://www.compass.com/about/offices |title=Our regional offices, from coast to coast. |publisher=Compass |access-date=2019-05-16}}</ref>
| revenue = {{decrease}} {{US$|4.89 billion|link=yes}} (2023)
| num_employees = 4,775 (Dec 2021)<ref name=10k />
| operating_income = {{increasenegative}} US$&minus;315 million (2023)
| revenue = {{increase}} {{US$|6.42 billion|link=yes}} (2021)<ref name=10k>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1563190/000119312522058265/d82155d10k.htm |title=Compass Inc. Form 10K for fiscal year ended 31 December 2021 |date=28 February 2022 |website=SEC}}</ref>
| operating_income = {{decrease}} US$&minus;0.49 billion (2021)<ref name=10k />
| net_income = {{increasenegative}} US$&minus;320 million (2023)
| net_income = {{decrease}} US$&minus;0.49 billion (2021)<ref name=10k />
| assets = {{decrease}} US$1.16 billion (2023)
| assets = {{increase}} US$1.80 billion (2021)<ref name=10k />
| equity = {{decrease}} US$432 million (2023)
| owner = [[SoftBank Vision Fund]] (30.1%)<BR>Robert Reffkin (2.1%)
| equity = {{increase}} US$0.85 billion (2021)<ref name=10k />
| num_employees = 2,549 (2023)
| website = {{URL|https://compass.com}}
| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001563190/000156319024000039/comp-20231231.htm | title=Compass, Inc. 2023 Annual Report (Form 10-K) | date=February 28, 2024 | publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name=14A>{{Cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1563190/000156319023000084/comp-20230412.htm | title=SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
}}


'''Compass, Inc.''' operates a residential real estate [[broker]]age in the United States.<ref>{{Cite news | url=https://www.inman.com/2019/05/01/how-has-compass-grown-so-fast-a-look-at-the-numbers/ | title=How has Compass grown so fast? A look at the numbers | last=Delprete | first=Mike | work=[[Bradley Inman]] | date=May 1, 2019}}</ref><ref>{{Cite news | url=https://www.entrepreneur.com/article/281616# | title=25 Inspiring Entrepreneurs Under 40 Who Are Creating the Next Big Thing | last=Bourque | first=Andre | work=[[Entrepreneur (magazine)|Entrepreneur]] | date=September 28, 2016}}</ref> It has approximately 29,000 agents, who are generally [[independent contractor]]s, on its platform.<ref name=10K/>
'''Compass, Inc.''' is an American licensed [[real estate broker]] that utilizes the Internet as a marketing medium with the use of [[real estate technology]]. Compass employs more than 25,000 agents who earn a percentage of the selling price and give a percentage of each commission to Compass, consistent with the traditional real estate brokerage business model.<ref name=":0">{{Cite news |url=https://www.bloomberg.com/news/articles/2017-11-08/tech-startup-or-real-estate-broker-fidelity-values-compass-at-2-billion |title=Tech Startup or Real-Estate Broker? Fidelity Values Compass at $2 Billion |date=2017-11-08 |work=Bloomberg.com |access-date=2017-12-25}}</ref><ref>{{Cite web|url=https://www.inman.com/2019/05/01/how-has-compass-grown-so-fast-a-look-at-the-numbers/|title=How has Compass grown so fast? A look at the numbers|date=2019-05-01|last=Delprete|first=Mike|website=Inman|language=en-US|access-date=2020-01-28}}</ref> Compass specializes in high-margin, [[luxury real estate|luxury homes]] in upscale markets. Founded in 2012, the company is headquartered in [[New York City]].<ref name="techcrunch.com" /> The company provides software to real estate agents.<ref name="auto">{{cite news|url=https://www.wsj.com/articles/real-estate-is-latest-target-for-would-be-disrupters-1487327401|title=Real Estate Is Latest Target for Would-Be Disrupters|last1=Brown|first1=Eliot|last2=Kusisto|first2=Laura|newspaper=Wall Street Journal|date=17 February 2017|via=www.wsj.com}}</ref> Compass is the first company to have built a proprietary [[mobile app]] for [[real estate agent]]s.<ref>{{Cite web |last=Bourque |first=Andre |date=28 September 2016 |title=25 Inspiring Entrepreneurs Under 40 Who Are Creating the Next Big Thing |url=https://www.entrepreneur.com/article/281616# |website=Entrepreneur}}</ref>


In 2023, the company completed 178,848 transactions for a gross dollar value of $186.1 billion. It had a [[market share]] in the U.S. of 4.5%.<ref name=10K/> [[SoftBank Vision Fund]] owns 30.1% of the company.<ref name=14A/>
Compass operates in 20 U.S. markets including New York, Philadelphia, and Boston.<ref name="Lunden">{{Cite web |last=Lunden |first=Ingrid |title=Maelle Gavet is the new COO at real estate startup Compass |url=https://techcrunch.com/2017/01/18/maelle-gavet-is-the-new-coo-at-real-estate-startup-compass/ |website=TechCrunch}}</ref><ref>{{Cite web |date=5 February 2017 |title=Luxury real estate startup Compass expands to Newport Beach, scores top agent Rob Giem |url=http://www.ocregister.com/2017/02/05/luxury-real-estate-startup-compass-expands-to-newport-beach-scores-top-agent-rob-giem/ |website=Orange County Register}}</ref>


==History==
Compass has raised a total of US$1.5&nbsp;billion<ref>{{Cite news|url=https://techcrunch.com/2019/07/30/real-estate-platform-compass-raises-another-370m-on-a-6-4b-valuation-en-route-to-an-ipo/|title=Real estate platform Compass raises another US$370m on a 6.4b valuation en route to an IPO|last=Tabatabai|first=Arman|work=TechCrunch|access-date=2018-11-05|language=en-US}}</ref> from investors such as [[Founders Fund]], [[Wellington Management Group|Wellington Management]] and [[Institutional Venture Partners]],<ref name="auto" /> [[Fidelity Investments]],<ref name=":0"/> [[Dragoneer Investment Group]], Canada Pension Plan Investment Board and [[SoftBank Vision Fund]].<ref name=":1">{{Cite news |url=https://www.cnbc.com/2017/12/07/softbank-invests-450-million-in-real-estate-tech-company-compass.html |title=Softbank invests $450&nbsp;million in real estate tech company Compass |last=Lovelace |first=Berkeley Jr. |date=2017-12-07 |work=CNBC |access-date=2017-12-25}}</ref> Compass was named Mid-Sized Business of the Year by the [[Manhattan Chamber of Commerce]] in 2015.<ref name="fastcompany.com" /> Compass was named to Crain's Fast 50,<ref>{{Cite web |date=2018-10-14 |title=Compass |url=https://www.crainsnewyork.com/awards/compass-fast-50-2018 |access-date=2019-11-14 |website=Crain's New York Business |language=en}}</ref> Inc. 5000,<ref>{{Cite web|url=https://www.inc.com/inc5000/list/2018|title=Inc. 5000 2018: The Complete Rankings|website=inc.com|access-date=2019-11-14}}</ref> and [[Glassdoor]]'s Best Places to Work<ref>{{Cite web|url=https://www.glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm|title=Best Places to Work|website=Glassdoor|language=en|access-date=2019-11-14}}</ref> in 2018. Compass received a Webby Award for Best Real Estate Website,<ref>{{Cite web|url=https://www.theverge.com/2019/4/23/18511329/2019-webby-awards-all-the-winners|title=Here are all the winners of the 2019 Webby Awards|publisher=The Verge|author=Liao, Shannon|date=April 23, 2019|access-date=July 9, 2020}}</ref> and was named to [[Fast Company]]'s Best Workplaces for Innovators<ref>{{Cite web |last=Company |first=Fast |date=2019-08-05 |title=The 50 best workplaces for innovators |url=https://www.fastcompany.com/90378273/best-workplaces-for-innovators-2019 |access-date=2019-11-14 |website=Fast Company |language=en-US}}</ref> in 2019. Compass won the [[2020 Webby Award|2020 Webby People's Voice Award for Real Estate]] in the category Web.<ref name="Kastrenakes">{{cite web |last1=Kastrenakes |first1=Jacob |title=Here are all the winners of the 2020 Webby Awards |url=https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski |website=The Verge |access-date=22 May 2020 |language=en |date=20 May 2020}}</ref>
Compass was founded by Ori Allon, [[Robert Reffkin]], and Avi Dorfman as Urban Compass, Inc. in New York City in October 2012.<ref name=10K/><ref name=Dorfman>{{Cite news | title=Avi Dorfman's legal battle to be named founding member of Compass has ended in a settlement | url=https://techcrunch.com/2021/11/16/avi-dorfmans-legal-battle-to-be-named-founding-member-of-compass-has-ended-in-a-settlement/ | first=Natasha | last=Mascarenhas | work=[[TechCrunch]] | date=November 16, 2021}}</ref> Allon was a Director of Engineering at [[Twitter]], and previously founded companies acquired by [[Twitter]] and [[Google]].<ref name=cashing>{{cite news | url=https://www.theverge.com/2012/11/27/3692738/ori-allon-urban-compass-twitter-google-goldman-sachs | title=After cashing out to Google and Twitter, Ori Allon is going all in with Urban Compass | first=Ben | last=Popper | work=[[The Verge]] | date=November 27, 2012}}</ref> Reffkin had previously served as the chief of staff to the president of [[Goldman Sachs]]<ref name=Nervous>{{Cite news | title=Why This Real Estate App Is Making New York Brokers Nervous | url=https://www.fastcompany.com/3047603/why-this-real-estate-app-is-making-new-york-brokers-nervous | first=JOHN PAUL | last=TITLOW | work=[[Fast Company]] | date=June 18, 2015}}</ref> and worked in the [[White House]].<ref>{{Cite news | title=Modernizing the New York apartment hunt | url=https://fortune.com/2014/10/13/modernizing-the-new-york-apartment-hunt/ | first=DANIEL | last=ROBERTS | work=[[Fortune (magazine)|Fortune]] | date=October 13, 2014 | url-access=subscription}}</ref><ref name=Build>{{Cite news | last=Lunden | first=Ingrid | title=With $8M in Seed Funding From Founders Fund, Goldman Sachs; Urban Compass Wants To Build A Hyper-Local, Human-Powered Database | url=https://techcrunch.com/2012/12/16/urban-compass/ | work=[[TechCrunch]] | date=December 16, 2012}}</ref> Avi Dorfman had previously worked at [[McKinsey & Company]] and [[Lehman Brothers]], and founded a startup.


The company raised $8 million of [[seed funding]].<ref name=Build/><ref name=cashing/> The initial business model employed full-time, salaried brokers<ref>{{Cite news | title=Urban Compass: can a startup finally fix the nightmare of renting an apartment in NYC? | url=https://www.theverge.com/2013/5/7/4304374/urban-compass | first=Ben | last=Popper | work=[[The Verge]] | date=May 7, 2013}}</ref> and was focused only on rentals.<ref name=hopes/> The service was launched in May 2013.<ref>{{cite news | url=https://techcrunch.com/2013/05/07/urban-compass-debuts-a-hyperlocal-social-network-and-a-rental-portal-to-serve-as-its-magnet/ | title=Urban Compass Comes Out Of Stealth with a Hyperlocal Social Network, And A Disruptive Rental Portal That Will Serve As A Magnet | first=Ingrid | last=Lunden | work=[[TechCrunch]] | date=May 7, 2013}}</ref><ref name=hopes>{{Cite news | title=High-tech start-up Urban Compass hopes to change how we rent and live in new york city | url=https://www.nydailynews.com/2013/05/07/high-tech-start-up-urban-compass-hopes-to-change-how-how-we-rent-and-live-in-new-york-city/ | first= JASON | last=SHEFTELL | work=[[New York Daily News]] | date=May 7, 2013 | url-access=subscription}}</ref>
Compass went public on April 1, 2021, with a valuation of $8.22 billion.<ref name=":2">{{Cite web|date=2021-04-01|title=SoftBank-backed Compass valued at $8.22 bln in NYSE debut|url=https://www.reuters.com/business/finance/softbank-backed-compass-valued-over-8-bln-nyse-debut-2021-04-01/|access-date=2021-07-03|website=Reuters}}</ref>


In January 2014, Compass announced it would change its overall business model by contracting independent real estate agents, receiving a portion of the broker commission.<ref>{{Cite news | title=The big pivot: why Urban Compass has gone traditional | url=https://www.inman.com/2014/01/15/the-big-pivot-why-urban-compass-has-gone-traditional/ | first=Teke | last=Wiggin | work=[[Bradley Inman]] | date=January 15, 2014 | url-access=limited}}</ref>
== History ==


In July 2014, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue, which became its global headquarters.<ref>{{Cite news | title=Urban Compass Signs Lease at RFR's 90 Fifth Avenue | url=https://commercialobserver.com/2014/07/urban-compass-signs-lease-at-rfrs-90-fifth-avenue/ | first=GUS | last=DELAPORTE | work=[[Observer Media]] | date=July 22, 2014}}</ref>
Compass was founded by entrepreneurs Ori Allon and [[Robert Reffkin]] as “Urban Compass” in 2012.<ref name="social.techcrunch.com">{{Cite web|title=Avi Dorfman’s legal battle to be named founding member of Compass has ended in a settlement|url=https://social.techcrunch.com/2021/11/16/avi-dorfmans-legal-battle-to-be-named-founding-member-of-compass-has-ended-in-a-settlement/|access-date=2021-12-16|website=TechCrunch|language=en-US}}</ref> Allon was a Director of Engineering at [[Twitter]], and previously founded companies acquired by [[Twitter]] and [[Google]].<ref name="theverge.com">{{cite web |url=https://www.theverge.com/2012/11/27/3692738/ori-allon-urban-compass-twitter-google-goldman-sachs |title=After cashing out to Google and Twitter, Ori Allon is going all in with Urban Compass |date=November 27, 2012 }}</ref> Reffkin had previously served as the chief of staff to the president of [[Goldman Sachs]]<ref name="fastcompany.com">{{Cite web |date=18 June 2015 |title=Why This Real Estate App Is Making New York Brokers Nervous |url=https://www.fastcompany.com/3047603/why-this-real-estate-app-is-making-new-york-brokers-nervous |website=Fast Company}}</ref> and worked in the [[White House]].<ref>{{Cite web |title=Modernizing the New York apartment hunt |url=http://fortune.com/2014/10/13/modernizing-the-new-york-apartment-hunt/ |website=Fortune}}</ref><ref name="auto1">{{Cite web |last=Lunden |first=Ingrid |title=With $8M in Seed Funding From Founders Fund, Goldman Sachs; Urban Compass Wants To Build A Hyper-Local, Human-Powered Database |url=https://techcrunch.com/2012/12/16/urban-compass/ |website=TechCrunch}}</ref> Avi Dorfman had previously worked at [[McKinsey & Company]], [[Lehman Brothers]] and founded a startup. The company raised $8 million of [[seed funding]] from Founders Fund, [[Thrive Capital]], Goldman Sachs as well as several individual investors including [[American Express]] CEO [[Kenneth Chenault]], and [[ZocDoc]] CEO [[Cyrus Massoumi]].<ref name="auto1" /><ref name="theverge.com" /> The initial business model employed full-time, salaried brokers, with whom users of the platform could schedule appointments online after searching for listings on the company's desktop or mobile app.<ref>{{Cite web |title=Urban Compass: can a startup finally fix the nightmare of renting an apartment in NYC? |url=https://www.theverge.com/2013/5/7/4304374/urban-compass |website=The Verge|date=May 7, 2013 }}</ref> The company publicly debuted at an event in May 2013, where then-New York City Mayor [[Michael Bloomberg]] helped celebrate the launch.<ref>{{cite web |url=https://techcrunch.com/2013/05/07/urban-compass-debuts-a-hyperlocal-social-network-and-a-rental-portal-to-serve-as-its-magnet/ |title=Urban Compass Comes Out Of Stealth with a Hyperlocal Social Network, And A Disruptive Rental Portal That Will Serve As A Magnet |first=Ingrid |last=Lunden }}</ref><ref name="nydailynews.com">{{Cite web |title=NYC tech start-up Urban Compass launches real estate focused site |url=http://www.nydailynews.com/life-style/real-estate/nyc-tech-start-up-urban-compass-launches-real-estate-focused-site-article-1.1337613 |website=New York Daily News}}</ref> The company initially focused only on rentals.<ref name="nydailynews.com" />


In June 2014, Leonard Steinberg, previously with [[Douglas Elliman]], was named president of the company.<ref>{{Cite news | title=Leonard Steinberg exits Douglas Elliman for Urban Compass | url=https://therealdeal.com/new-york/2014/06/02/leonard-steinberg-exiting-douglas-elliman-for-urban-compass/ | first1=Hiten | last1=Samtani | first2=Zachary | last2=Kussin | work=[[The Real Deal (magazine)|The Real Deal]] | date=June 2, 2014 | url-access=limited}}</ref><ref>{{cite news | url=https://www.inman.com/2016/06/24/real-trendswsj-thousand-list-2016-unveiled/ | title=The Real Trends/WSJ Thousand list for 2016 has been unveiled | first=Amber | last=Taufen | work=[[Bradley Inman]] | date=June 24, 2016 | url-access=subscription}}</ref> At that time, the company had 125 agents and 70 staff members.<ref>{{Cite news | url=https://www.inman.com/2014/11/15/urban-compass-launches-nationwide-expansion-push-with-washington-d-c-acquisition/ | title=Urban Compass launches nationwide expansion push with Washington, DC, acquisition | last=Hagey | first=Paul | work=[[Bradley Inman]] | date=November 15, 2014}}</ref>
In September 2013, the company raised a Series A financing round of $20 million, at a reported valuation of $150 million.<ref name="auto2">{{Cite web |last=Lunden |first=Ingrid |title=Hyperlocal Power: Urban Compass Raises $20M at A$150M Valuation; Adds Advance Publications And Marc Benioff As Investors |url=https://techcrunch.com/2013/09/25/urban-compass-series-a/ |website=TechCrunch}}</ref>
Investors included [[Advance Publications]], [[Salesforce.com]] CEO [[Marc Benioff]], and .406 Ventures.<ref name="auto2" /><ref>{{cite web |url=https://www.pehub.com/2013/09/new-york-city-startup-urban-compass-raises-20-mln-series-a-funds/ |title=- New York City startup Urban Compass raises $20 mln in Series A funds |website=pehub.com}}</ref>


In July 2016, the company launched a [[mobile app]].<ref>{{Cite news | title=This $800&nbsp;million startup just launched an app to make buying a home easier | url=https://www.businessinsider.com/compass-real-estate-startup-launches-new-app-2016-7 | work=[[Business Insider]] | first=Nathan | last=McAlone | date=July 20, 2016}}</ref>
At the beginning of 2014, Compass announced it would change its overall business model by contracting independent real estate agents and taking a portion of their commissions.<ref>{{Cite web |title=The big pivot: why Urban Compass has gone traditional |url=https://www.inman.com/2014/01/15/the-big-pivot-why-urban-compass-has-gone-traditional/ |website=inman}}</ref> In July 2014, Compass raised a Series B financing round of $40 million at a valuation of $360 million, according to Bloomberg.<ref>{{cite web |url=https://techcrunch.com/2014/07/21/urban-compass-raises-40m-series-b/ |title=Urban Compass Raises $40M To Expand Its Apartment Marketplace Beyond NYC |first=Colleen |last=Taylor }}</ref> Shortly thereafter, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue.<ref>{{Cite web |date=22 July 2014 |title=Urban Compass Signs Lease at RFR's 90 Fifth Avenue |url=https://commercialobserver.com/2014/07/urban-compass-signs-lease-at-rfrs-90-fifth-avenue/ |website=Commercial Observer}}</ref>
The firm also hired Leonard Steinberg, a top-ranked real estate broker, from [[Douglas Elliman]] to serve as its president.<ref>{{Cite web |date=2 June 2014 |title=Leonard Steinberg exits Douglas Elliman for Urban Compass |url=https://therealdeal.com/2014/06/02/leonard-steinberg-exiting-douglas-elliman-for-urban-compass/ |website=The Real Deal New York}}</ref><ref>{{Cite web |date=20 June 2014 |title=WHO'S NEWS – Real Estate Weekly |url=http://rew-online.com/2014/06/20/whos-news-17/ |url-status=dead |archive-url=https://web.archive.org/web/20161006090550/http://rew-online.com/2014/06/20/whos-news-17/ |archive-date=2016-10-06 |access-date=2020-06-09 |website=Real Estate Weekly}}</ref> Steinberg was named the agent with the highest sales volume in 2016 by Real Trends.<ref>{{cite web |url=https://www.inman.com/2016/06/24/real-trendswsj-thousand-list-2016-unveiled/ |title=The Real Trends/WSJ Thousand list for 2016 has been unveiled }}</ref> The company reported having 125 agents and 70 staff at this time.<ref>{{Cite web|url=https://www.inman.com/2014/11/15/urban-compass-launches-nationwide-expansion-push-with-washington-d-c-acquisition/|title=Urban Compass launches nationwide expansion push with Washington, DC, acquisition|last=Hagey|first=Paul|website=Inman|language=en-US|access-date=2019-04-16}}</ref>


The company expanded into several markets, both organically and via acquisitions. By January 2017, the company operated in 9 U.S. markets: New York, Boston, San Francisco, Miami, Washington, the Hamptons, Los Angeles, Santa Barbara, and Aspen.<ref>{{Cite news | last=Lunden | first=Ingrid | title=Maelle Gavet is the new COO at real estate startup Compass | url=https://techcrunch.com/2017/01/18/maelle-gavet-is-the-new-coo-at-real-estate-startup-compass/ | work=[[TechCrunch]] | date=January 18, 2017}}</ref> At that time, it had 1,300 agents.<ref>{{Cite news | title=Luxury real estate startup Compass expands to Newport Beach, scores top agent Rob Giem | url=https://www.ocregister.com/2017/02/05/luxury-real-estate-startup-compass-expands-to-newport-beach-scores-top-agent-rob-giem/ | first=MARILYN | last=KALFUS | work=[[Orange County Register]] | date=February 5, 2017 | url-access=subscription}}</ref>
In September 2015, Compass raised a Series C financing round of $50 million at a reported valuation of $800 million. The investment was led by [[Institutional Venture Partners]].<ref name="therealdeal.com">{{Cite web |date=15 September 2015 |title=Compass raises $50M in Series C; now valued at $800M |url=https://therealdeal.com/2015/09/15/compass-raises-50m-in-series-c-now-valued-at-800m/ |website=The Real Deal New York}}</ref> The company also opened offices in Brooklyn, South Florida, Boston and the Hamptons.<ref>{{Cite web |date=21 August 2015 |title=Compass opens first SoFla office on Lincoln Road |url=https://therealdeal.com/miami/2015/08/21/compass-opens-first-sofla-office-on-lincoln-road/ |website=The Real Deal New York}}</ref><ref>{{Cite web |date=10 September 2014 |title=Urban Compass picks up top team from Citi Habitats |url=https://therealdeal.com/2014/09/10/urban-compass-picks-up-top-team-from-citi-habitats/ |website=The Real Deal New York}}</ref><ref>{{Cite web |title=Compass riding $50M funding round into Boston |url=https://www.inman.com/2015/09/30/compass-riding-50m-funding-round-into-boston/ |website=inman}}</ref><ref>{{Cite web |date=4 September 2015 |title=Compass turns to the Hamptons, where rivals roam |url=https://therealdeal.com/2015/09/04/compass-turns-to-the-hamptons-where-rivals-roam/ |website=The Real Deal New York}}</ref><ref name="therealdeal.com" />


On April 1, 2021, the company became a [[public company]] via an [[initial public offering]].<ref>{{Cite news | title=SoftBank-backed Compass valued at $8.22 bln in NYSE debut | url=https://www.reuters.com/business/finance/softbank-backed-compass-valued-over-8-bln-nyse-debut-2021-04-01/ | first=Sohini | last=Podder | work=[[Reuters]] | date=April 1, 2021}}</ref>
In August 2016, Compass raised a Series D financing round of $75 million, led by [[Wellington Management]], which brought its valuation higher than $1 billion.<ref name="businessinsider.com">{{Cite web |title=This startup that wants to blow up the real-estate market is now worth more than $1&nbsp;billion |url=http://www.businessinsider.com/compass-raises-funding-worth-over-1-billion-2016-8 |website=Business Insider}}</ref><ref>{{cite web |url=https://www.bloomberg.com/news/articles/2016-08-31/compass-said-to-win-1-billion-valuation-as-new-unicorns-become-rarer |title=Compass Earns $1 Billion Valuation As New Unicorns Become Rarer |date=31 August 2016 |via=www.bloomberg.com}}</ref> The company also launched a new mobile app that offers real-time data on the real estate market.<ref>{{Cite web |title=This $800&nbsp;million startup just launched an app to make buying a home easier |url=http://www.businessinsider.com/compass-real-estate-startup-launches-new-app-2016-7 |website=Business Insider}}</ref> Earlier in the year, the company expanded into Aspen with the acquisition of Shane Aspen Real Estate<ref>{{Cite web |title=Tech company Compass acquires Shane Aspen Real Estate |url=http://www.aspentimes.com/news/tech-company-compass-acquires-shane-aspen-real-estate/ |website=The Aspen Times}}</ref> as well as Los Angeles.<ref>{{Cite web |date=18 July 2016 |title=Compass to launch LA new dev division on heels of Hana Cha hire |url=https://therealdeal.com/la/2016/07/18/compass-to-launch-la-new-dev-division-on-heels-of-hana-cha-hire/ |website=The Real Deal}}</ref> Reports also cited Compass's expansion into Santa Barbara<ref name="businessinsider.com" /> and San Francisco<ref>{{Cite web |date=2 September 2016 |title=Compass now claims its agents account for $8B in sales -- but what's that number made of? |url=https://therealdeal.com/2016/09/02/compass-now-claims-its-agents-account-for-8b-in-sales-but-whats-that-number-made-of/ |website=The Real Deal}}</ref> as well as several other smaller sub-markets of their other major metro areas.<ref>{{Cite web |last=McAlone |first=Nathan |title=This startup that wants to blow up the real-estate market is now worth more than $1 billion |url=https://www.businessinsider.com/compass-raises-funding-worth-over-1-billion-2016-8 |access-date=2019-04-16 |website=Business Insider}}</ref>


In November 2021, Compass settled with Avi Dorfman, ending an 8-year dispute, and acknowledging him as a member of the founding team.<ref name=Dorfman/> The company took a $21.3 million charge in connection with the matter.<ref>{{Cite web | title=EX-99.1 | url=https://www.sec.gov/Archives/edgar/data/1563190/000119312521326001/d256657dex991.htm | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
In 2017, Compass hired several new executives to its leadership team, including Madan Nagaldinne, a former [[Facebook]] and [[Amazon.com|Amazon]] executive, as Chief People Officer,<ref>{{Cite web |date=23 August 2017 |title=Compass hires Facebook alumnus to steer recruitment strategy – Real Estate Weekly |url=http://rew-online.com/2017/08/23/compass-hires-facebook-alumnus-to-steer-recruitment-strategy/ |url-status=dead |archive-url=https://web.archive.org/web/20170824023841/http://rew-online.com/2017/08/23/compass-hires-facebook-alumnus-to-steer-recruitment-strategy/ |archive-date=2017-08-24 |access-date=2020-06-09 |website=Real Estate Weekly}}</ref> and Craig Anderson, a former Flywheel executive, as chief financial officer.<ref>{{Cite web |last=D'Amato |first=Peter |title=Compass replaces chief financial officer |url=http://www.crainsnewyork.com/article/20170830/REAL_ESTATE/170839997/real-estate-tech-firm-compass-replaces-chief-financial-officer |website=Crain's New York|date=August 30, 2017 }}</ref>


The company announced several rounds of layoffs in 2022 and 2023.<ref>{{Cite news | url=https://www.businessinsider.com/google-sergey-brin-larry-page-compass-memo-tech-layoffs-2022-12 | title=Compass is reeling from a horrible year, from financial losses to tech troubles to mass layoffs | first1=Matt | last1=Turner | first2=Daniel | last2=Geiger | first3=Jordan | last3=Parker Erb | first4=Hallam | last4=Bullock | work=[[Business Insider]] | date=December 18, 2022}}</ref><ref>{{Cite news | url=https://www.reuters.com/business/real-estate-broker-compass-cut-more-jobs-deal-with-housing-downturn-2023-01-05/ | title=Real estate broker Compass to cut more jobs to deal with housing downturn | first=Priyamvada | last=C | work=[[Reuters]] | date=January 5, 2023}}</ref>
In November 2017, Compass announced $100 million in Series E investment by [[Fidelity Investments]],<ref name=":0" /> followed by the December 7, 2017 announcement of a $450 million investment by [[SoftBank Group|Softbank]] Vision Fund, bringing the company valuation to $2.2 billion.<ref name=":1" />


===Acquisitions===
Compass also expanded into Chicago in late November 2017, signing the city's number-one real estate team.<ref>{{Cite news |url=http://www.chicagobusiness.com/realestate/20171128/CRED0701/171129920/citys-top-selling-residential-broker-team-jumps-to-new-in-town-firm |title=City's top-selling residential broker team jumps to new-in-town firm |work=Crain's Chicago Business |access-date=2017-12-25}}</ref> Additionally, Compass announced aggressive expansion plans to 9 more cities.<ref>{{Cite news |url=https://www.inman.com/2017/11/07/compass-reveals-plans-for-massive-expansion-futuristic-signage/ |title=Compass reveals plans for massive expansion |work=Inman |access-date=2017-12-25 |language=en-US}}</ref>
{| class="wikitable"
|+ class="nowrap" |
! Date
! Acquired
! Description
! Source
|-
|November 2014
|Lindsay Reishman Real Estate
|Washington, D.C.–based broker
|<ref>{{Cite news | last=Haynes | first=Dion |title=New York realty firm to open office in D.C. | url=https://www.washingtonpost.com/news/where-we-live/wp/2014/11/13/new-york-realty-firm-to-open-office-in-d-c/ | newspaper=[[The Washington Post]] | date=November 13, 2014}}</ref><ref>{{cite press release | url=https://www.prnewswire.com/news-releases/urban-compass-takes-first-milestone-step-in-national-expansion-by-acquiring-lindsay-reishman-real-estate-in-washington-dc-market-282578821.html | title=Urban Compass Takes First Milestone Step in National Expansion by Acquiring Lindsay Reishman Real Estate in Washington, D.C. Market | publisher=[[PR Newswire]] | date=November 13, 2014}}</ref>
|-
|April 2016
|Shane Aspen Real Estate
|Aspen-based broker
|<ref>{{Cite news | title=Tech company Compass acquires Shane Aspen Real Estate | url=https://www.aspentimes.com/news/tech-company-compass-acquires-shane-aspen-real-estate/ | first=Lauren | last=Glendenning | work=[[The Aspen Times]] | date=April 1, 2016}}</ref>
|-
|January 2017
|Bushari Real Estate
|Boston-based brokerage
|<ref>{{Cite news | url=https://bostonagentmagazine.com/2018/01/19/compass-acquires-bushari-real-estate/ |title=Compass acquires Bushari Real Estate | first1=Stephanie | last1=Sims | first2=Natalie | last2=Terchek | work=Boston Agent Magazine | date=January 19, 2018}}</ref>
|-
|April 2018
|Conlon
|Chicago-based brokerage
|<ref>{{Cite news | url=https://www.chicagobusiness.com/article/20180425/CRED0701/180429918/compass-acquires-chicago-brokerage-conlon-christie-s | title=Compass acquires Chicago brokerage Conlon Christie's | first=Dennis | last=Rodkin | work=[[Crain's Chicago Business]] | date=April 25, 2018}}</ref><ref>{{Cite news | url=https://www.inman.com/2018/04/25/compass-acquires-chicagos-conlon-real-estate/ | title=Compass acquires Chicago's Conlon Real Estate | first=GILL | last=SOUTH | work=[[Bradley Inman]] | date=April 25, 2018 | url-access=subscription}}</ref>
|-
|April 2018
|Northwest Group Real Estate
|Seattle-based brokerage
|<ref>{{Cite news | url=https://therealdeal.com/magazine/new-york-march-2020/compass-faces-a-reckoning/ | title=Compass faces a reckoning | last1=Solomont | first1=E.B. | first2=Matthew | last2=Blake | work=[[The Real Deal (magazine)|The Real Deal]] | date=March 2, 2020 | url-access=limited}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/seattle/news/2018/04/25/compass-real-estate-tech-company-expands-seattle.html | title=$2.2 billion real estate tech company enters the Puget Sound region market | first=Marc | last=Stiles | work=[[American City Business Journals]] | date=April 25, 2018}}</ref>
|-
|June 2018
|The Hudson Company
|Chicago-based brokerage
|<ref>{{Cite news | url=https://therealdeal.com/chicago/2018/06/25/compass-buys-residential-brokerage-hudson-company-continuing-city-expansion/ | title=Compass buys Hudson Company, continuing Chicago expansion effort | first=Dennis | last=Lynch | work=[[The Real Deal (magazine)|The Real Deal]] | date=June 25, 2018 | url-access=limited}}</ref><ref>{{Cite news | url=https://www.inman.com/2018/06/25/compass-acquires-chicago-indie-brokerage-the-hudson-company/ | title=Compass acquires Chicago indie brokerage The Hudson Company | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=June 25, 2018 | url-access=subscription}}</ref>
|-
|July 2018
|Paragon Real Estate Group
|San Francisco–based brokerage
|<ref>{{Cite news | url=https://www.sfchronicle.com/business/networth/article/Paragon-Real-Estate-of-SF-acquired-by-Compass-to-13061063.php | title=Paragon Real Estate of SF acquired by Compass to form city's largest brokerage | work=[[San Francisco Chronicle]] | date=July 10, 2018}}</ref><ref>{{Cite news | url=https://www.inman.com/2018/07/09/compass-acquires-paragon-seeks-san-francisco-market-supremacy/ | title=Compass acquires Paragon, seeks San Francisco market supremacy | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=July 9, 2018 | url-access=subscription}}</ref>
|-
|August 2018
|Avenue Properties
|Seattle-based brokerage
|<ref>{{Cite news | url=https://www.bizjournals.com/seattle/news/2018/08/14/compass-merger-avenue-properties-real-estate-tech.html | title=Avenue Properties joins real estate tech company Compass | first=Marc | last=Stiles | work=[[American City Business Journals]] | date=August 14, 2018 | url-access=subscription}}</ref><ref>{{Cite news | url=https://www.inman.com/2018/08/14/compass-takes-over-avenue-properties-and-expands-to-oregon/ | title=Compass takes over Avenue Properties' Seattle offices | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=August 14, 2018 | url-access=subscription}}</ref>
|-
|August 2018
|Pacific Union International
|San Francisco–based brokerage
|<ref>{{Cite news | url=https://www.sfchronicle.com/business/networth/article/Compass-buying-Pacific-Union-second-SF-real-13172961.php | title=Compass buying Pacific Union – its second SF real estate acquisition in two months | work=[[San Francisco Chronicle]] | date=August 22, 2018}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/sanfrancisco/news/2018/08/29/compass-acquires-pacific-union.html | title=Compass acquires Pacific Union | first=Hannah | last=Norman | work=[[American City Business Journals]] | date=August 29, 2018 | url-access=subscription}}</ref>
|-
|November 2018
|Wydler Brothers
|Washington, D.C.–based brokerage
|<ref>{{Cite news | url=https://therealdeal.com/new-york/2018/11/13/compass-acquires-dc-indie-brokerage/ | title=Compass acquires DC indie brokerage | work=[[The Real Deal (magazine)|The Real Deal]] | date=November 13, 2018 | url-access=limited}}</ref><ref>{{Cite news | url=https://www.inman.com/2018/11/12/compass-acquires-d-c-indie-wydler-brothers-real-estate/ | title=Compass Acquires D.C. Indie Wydler Brothers Real Estate | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=November 12, 2018 | url-access=subscription}}</ref>
|-
|February 2019
|Contactually
|CRM provider; shut down in March 2022
|<ref>{{Cite news | url=https://techcrunch.com/2019/02/27/compass-acquires-contactually-a-crm-provider-to-the-real-estate-industry/ | title=Compass acquires Contactually, a CRM provider to the real estate industry | first=Ingrid | last=Lunden | work=[[TechCrunch]] | date=February 27, 2019}}</ref>
|-
|March 2019
|[[Alain Pinel Realtors]]
|San Francisco–based brokerage
|<ref>{{Cite news | url=https://www.sfchronicle.com/business/networth/article/Compass-buys-Alain-Pinel-to-create-Bay-Area-real-13662639.php | title=Compass buys Alain Pinel to create Bay Area real estate behemoth | first=Kathleen | last=Pender | work=[[San Francisco Chronicle]] | date=March 5, 2019}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/sanfrancisco/news/2019/03/04/compass-alain-pinel-realtors-acquires-brokerage.html | title=Alain Pinel turned down Compass' acquisition offer last year. Now, it's changed its mind | first=Fiona | last=Kelliher | work=[[American City Business Journals]] | date=March 4, 2019}}</ref>
|-
|April 2019
|Stribling & Associates
|New York–based brokerage
|<ref>{{Cite news | url=https://therealdeal.com/new-york/2019/04/03/compass-strikes-deal-to-buy-stribling-associates/ | title=Compass strikes deal to buy Stribling | first=E.B. | last=Solomont | work=[[The Real Deal (magazine)|The Real Deal]] | date=April 3, 2019 | url-access=limited}}</ref><ref>{{Cite news | url=https://www.inman.com/2019/04/03/compass-to-acquire-stribling-associates/ | title=Compass to acquire Stribling & Associates | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=April 3, 2019 | url-access=subscription}}</ref>
|-
|November 2019
|Detectica
|AI Startup
|<ref>{{Cite news | url=https://www.wsj.com/articles/real-estate-brokerage-compass-buys-ai-startup-detectica-11574159402 | title=Real-Estate Brokerage Compass Buys AI Startup Detectica | last=Council | first=Jared | work=[[The Wall Street Journal]] | date=November 19, 2019 | url-access=subscription | issn=0099-9660}}</ref><ref>{{cite press release | url=https://www.prnewswire.com/news-releases/compass-acquires-detectica-deepening-artificial-intelligence-and-machine-learning-capabilities-across-the-compass-real-estate-platform-300961148.html | title=Compass Acquires Detectica, Deepening Artificial Intelligence and Machine Learning Capabilities Across The Compass Real Estate Platform | publisher=[[PR Newswire]] | date=November 19, 2019}}</ref><ref>{{Cite news | url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/ywtk3sruxg4lagprpethng2 | title=Home trading platform Compass buys AI company Detectica | first=Pam | last=Rosacia | work=[[S&P Global]] | date=November 19, 2019}}</ref>
|-
|October 2020
|Modus
|Home closing startup, shut down in June 2022
|<ref>{{Cite news | title=Real estate brokerage Compass to acquire Seattle-based home closing startup Modus | url=https://www.geekwire.com/2020/real-estate-brokerage-compass-acquire-seattle-based-home-closing-startup-modus/ | first=TAYLOR | last=SOPER | work=[[GeekWire]] | date=October 5, 2020}}</ref><ref>{{Cite news | url=https://www.geekwire.com/2022/real-estate-giant-compass-shuts-down-modus-the-seattle-based-title-business-it-acquired-in-2020/ | title=Real estate giant Compass shuts down Modus, the Seattle-based title business it acquired in 2020 | first=TAYLOR | last=SOPER | work=[[GeekWire]] | date=June 16, 2022}}</ref>
|-
|February 2021
|KVS Title
|Title insurance and settlement services provider
|<ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-acquires-kvs-title-301235648.html | title=Compass Acquires KVS Title | publisher=[[PR Newswire]] | date=February 25, 2021}}</ref><ref>{{Cite news | url=https://www.inman.com/2021/02/25/compass-moves-deeper-into-closing-services-with-kvs-title-acquisition/ | title=Compass moves deeper into closing services with KVS Title acquisition | first=Patrick | last=Kearns | work=[[Bradley Inman]] | date=February 25, 2021 | url-access=subscription}}</ref>
|-
|April 2021
|Glide Labs
|Transaction management platform
|<ref>{{Cite news | url=https://therealdeal.com/new-york/2021/04/26/compass-buys-glide-re-transaction-management-platform/ | title=Compass buys Glide, RE transaction management platform | first=Cordilia | last=James | work=[[The Real Deal (magazine)|The Real Deal]] | date=April 26, 2021 | url-access=limited}}</ref><ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-agrees-to-acquire-real-estate-transaction-management-platform-glide-301277013.html | title=Compass Agrees to Acquire Real Estate Transaction-Management Platform Glide | publisher=[[PR Newswire]] | date=April 26, 2021}}</ref>
|-
|September 2021
|First Alliance Title
|Title insurance and settlement services provider
|<ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-agrees-to-acquire-first-alliance-title-301382739.html | title=Compass Agrees to Acquire First Alliance Title | publisher=[[PR Newswire]] | date=September 22, 2021}}</ref><ref>{{Cite news | url=https://www.inman.com/2021/09/22/compass-scoops-up-yet-another-title-company/ | title=Compass scoops up yet another title company | first=JIM | last=DALRYMPLE II | work=[[Bradley Inman]] | date=September 22, 2021 | url-access=subscription}}</ref>
|-
|September 2021
|CommonGround Abstract
|Title insurance and settlement services provider
|<ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-agrees-to-acquire-commonground-abstract-301386687.html | title=Compass Agrees to Acquire CommonGround Abstract | publisher=[[PR Newswire]] | date=September 28, 2021}}</ref><ref>{{Cite news | url=https://www.inman.com/2021/09/28/compass-acquiring-third-title-company-in-less-than-a-month/ | title=Compass acquiring third title company in less than a month | first=JIM | last=DALRYMPLE II | work=[[Bradley Inman]] | date=September 28, 2021 | url-access=subscription}}</ref>
|-
|May 2022
|Consumer's Title Company
|Title insurance and settlement services provider
|<ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-agrees-to-acquire-consumers-title-company-of-california-301538399.html | title=Compass Agrees to Acquire Consumer's Title Company of California | publisher=[[PR Newswire]] | date=May 3, 2022}}</ref><ref>{{Cite news | url=https://www.inman.com/2022/05/03/compass-acquires-consumers-title-company-of-california/ | title=Compass acquires Consumer's Title Company of California | first=BEN | last=VERDE | work=[[Bradley Inman]] | date=May 3, 2022 | url-access=subscription}}</ref>
|-
|April 2023
|Launch Real Estate
|Arizona-based brokerage
|<ref>{{Cite news | url=https://www.bizjournals.com/phoenix/news/2023/04/06/scottsdale-launch-real-estate-joins-compass-inc.html | title=Scottsdale's Launch Real Estate joins national giant, introducing it to metro Phoenix | first=Angela | last=Gonzales | work=[[American City Business Journals]] | date=April 6, 2023 | url-access=subscription}}</ref><ref>{{Cite news | url=https://www.inman.com/2023/04/06/compass-scoops-up-300-agent-indie-brokerage-in-arizona/ | title=Compass scoops up 300-agent indie brokerage in Arizona | first=JIM | last=DALRYMPLE II | work=[[Bradley Inman]] | date=April 6, 2023 | url-access=subscription}}</ref>
|-
|September 2023
|Deasy Penner Podley/DPP
|Pasadena-based luxury boutique brokerage
|<ref>{{Cite news | url=https://therealdeal.com/la/2023/09/19/compass-acquires-pasadena-real-estate-firm-dpp/ | title=Compass acquires Pasadena firm DPP | first=Andrew | last=Asch | work=[[The Real Deal (magazine)|The Real Deal]] | date=September 19, 2023 | url-access=limited}}</ref>
|-
|September 2023
|Realty Austin and Realty San Antonio
|Texas-based brokerages
|<ref>{{Cite news | url=https://www.bizjournals.com/austin/news/2023/09/27/compass-buys-realty-austin-realty-san-antonio.html | title=Compass buys Realty Austin, Realty San Antonio | first=Cody | last=Baird | work=[[American City Business Journals]] | date=September 27, 2023 | url-access=subscription}}</ref><ref>{{Cite news | url=https://www.inman.com/2023/09/27/compass-acquires-no-1-independent-brokerage-in-central-texas/ | title=Compass acquires No. 1 indie brokerage in Central Texas | first=MARIAN | last=MCPHERSON | work=[[Bradley Inman]] | date=September 27, 2023 | url-access=subscription}}</ref><ref>{{Cite news | url=https://therealdeal.com/texas/2023/09/27/compass-acquires-realty-austin-realty-san-antonio/ | title=Compass Acquires Realty Austin, Realty San Antonio | first=Joe | last=Lovinger | work=[[The Real Deal (magazine)|The Real Deal]] | date=September 27, 2023 | url-access=limited}}</ref>
|-
|January 2024
|Attorneys Key Title
|Fort Lauderdale–based title company
|<ref>{{Cite news | url=https://therealdeal.com/miami/2024/01/16/compass-to-acquire-fort-lauderdale-title-company/ | title=Compass to acquire Fort Lauderdale-based Attorneys Key Title | first=Kate | last=Hinsche | work=[[The Real Deal (magazine)|The Real Deal]] | date=January 16, 2024 | url-access=limited}}</ref>
|-
|April 2024
|Latter & Blum
|Broker operating in Louisiana and Mississippi
|<ref>{{Cite news | url=https://www.nola.com/news/business/latter--blum-sells-to-compass-real-estate-countrys-largest-brokerage/article_283bc4a8-f206-11ee-b1ee-c77469eb2dd4.html | title=Louisiana’s dominating Latter & Blum sells to country’s largest brokerage | first1=STEPHANIE | last1=RIEGEL | first2=ADAM | last2=DAIGLE | work=[[The Times-Picayune/The New Orleans Advocate]] | date=April 3, 2024}}</ref><ref>{{Cite news | url=https://www.inman.com/2024/04/03/compass-acquires-3100-agent-gulf-coast-giant-latter-blum/ | title=Compass acquires 3,100-agent Gulf Coast giant Latter & Blum | first=JIM | last=DALRYMPLE II | work=[[Bradley Inman]] | date=April 3, 2024 | url-access=subscription}}</ref>
|-
|May 2024
|Parks Real Estate
|Broker operating in Tennessee
|<ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/compass-strengthens-footprint-in-southeastern-us-welcoming-the-top-brokerage-in-tennessee-302143702.html | title=Compass Strengthens Footprint in Southeastern U.S., Welcoming the Top Brokerage in Tennessee | work=[[PR Newswire]] | date=May 13, 2024}}</ref>
|-
|}


==Awards==
Less than a year later in September 2018, Compass announced a $400 million in Series F funding at a valuation of $4.4 billion.<ref>{{Cite news |url=https://techcrunch.com/2018/09/27/safe-as-houses-compass-400m-real-estate-unicorn/ |title=Compass nabs $400M, valuing the real estate technology startup at $4.4B |work=TechCrunch |access-date=2018-09-28 |language=en-US}}</ref> In addition to Softbank Vision Fund, this series was led by [[Qatar Investment Authority]],<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-09-27/compass-is-said-to-raise-funds-at-4-4-billion-valuation|title=Compass Is Said to Raise Funds at $4.4 Billion Valuation|date=2018-09-27|access-date=2019-06-11|language=en}}</ref> which controls Qatar's [[sovereign wealth fund]]. Other investors included [[Wellington Management Company|Wellington Management]], Institutional Venture Partners and Fidelity Investments. Compass also announced plans to use these funds to enter international markets and double down on creating world-leading technology.<ref>{{Cite news |url=https://therealdeal.com/2018/09/27/compass-raises-400m-from-softbank-qatar-investment-authority/ |title=Compass raises $400M from SoftBank, QIA; brokerage now valued at $4.4B |date=2018-09-27 |work=The Real Deal New York |access-date=2018-09-28 |language=en-US}}</ref> Compass planned to launch in Nashville, Houston, and Denver before the end of 2018.
Compass was named Mid-Sized Business of the Year by the [[Manhattan Chamber of Commerce]] in 2015.<ref name=Nervous/>


In 2018, Compass was named to Crain's Fast 50.<ref>{{Cite web | title=Compass | url=https://www.crainsnewyork.com/awards/compass-fast-50-2018 | work=[[Crain Communications]] | first=JOE | last=ANUTA | date=October 14, 2018}}</ref>
Compass has promoted its "20/20 by 2020" plan, by which it would gain 20 percent market share in the top 20 markets by 2020. However, in January 2019 the company announced its intention to halt expansion, after encountering unspecified challenges. CEO Robert Reffkin acknowledged that the softening of the equity markets contributed to the decision not to enter new markets in 2019.<ref>{{Cite web|url=https://therealdeal.com/2019/01/29/hitting-the-brakes-compass-wont-expand-to-new-markets-this-year/|title=Hitting the brakes: Compass won't expand to new markets this year|date=2019-01-29|website=The Real Deal New York|language=en-US|access-date=2019-05-15|last3=Phone: 212-260-1332|first3=NY 10001}}</ref>


In November 2019, Compass announced its plan to open its India Development Centre in [[Hyderabad]].<ref>{{cite web|url=https://www.inman.com/2019/11/05/compass-goes-global-with-india-tech-hub-adds-amazon-veteran/|title=Compass goes global with India tech hub, adds Amazon veteran|publisher=Inman|author=Kearns, Patrick|access-date=July 9, 2020}}</ref>
In January 2019, it was ranked 14th on [[Glassdoor]]'s Best Places to Work.<ref>{{Cite news | url=https://www.cnbc.com/2019/01/07/glassdoor-best-tech-companies-to-work-for-in-2019.html | title=WORK: The 15 best tech companies to work for in 2019, according to Glassdoor | first=Kerri Anne | last=Renzulli | work=[[CNBC]] | date=January 8, 2019}}</ref>


In April 2019, Compass received a [[Webby Award]] for Best Real Estate Website.<ref>{{Cite news | url=https://www.theverge.com/2019/4/23/18511329/2019-webby-awards-all-the-winners | title=Here are all the winners of the 2019 Webby Awards | last=Liao | first=Shannon | work=[[The Verge]] | date=April 23, 2019}}</ref>
Compass filed to [[Initial public offering|go public]] in March 2021<ref>{{Cite web|last=Levy|first=Ari|date=2021-03-01|title=Real estate brokerage Compass files for IPO amid pandemic boom in housing prices|url=https://www.cnbc.com/2021/03/01/softbank-backed-real-estate-brokerage-compass-makes-ipo-filing-public.html|access-date=2021-07-03|website=CNBC|language=en}}</ref> and listed on the [[New York Stock Exchange]] on April 1, 2021, under the ticker COMP. IPO shares were priced at US$18.<ref name=":2" />


In August 2019, it was named one of the Best Workplaces for Innovators by ''[[Fast Company]]''.<ref>{{Cite news | title=The 50 best workplaces for innovators | url=https://www.fastcompany.com/best-workplaces-for-innovators/2019 | work=[[Fast Company]] | date=August 5, 2019 | url-access=subscription}}</ref>
Compass formally settled with Avi Dorfman in November 2021, ending an 8-year dispute acknowledging him as a member of the founding team.<ref name="social.techcrunch.com"/> The value of the settlement was undisclosed.<ref>{{Cite web|title=EX-99.1|url=https://www.sec.gov/Archives/edgar/data/0001563190/000119312521326001/d256657dex991.htm|access-date=2021-12-16|website=www.sec.gov}}</ref>


Compass won the [[2020 Webby Award]] in the real estate web category.<ref>{{cite news | last=Kastrenakes | first=Jacob | title=Here are all the winners of the 2020 Webby Awards | url=https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski | work=[[The Verge]] | date=May 20, 2020}}</ref>
== Services ==


==References==
The Compass Concierge program assists in selling a home by covering the cost of home improvements to prepare the home for market.<ref>{{Cite web |last=Zafar |first=Nina |title=Real estate agencies put the spotlight on staging |url=https://www.washingtonpost.com/business/2019/06/24/real-estate-agencies-put-spotlight-staging/ |access-date=2019-11-14 |website=Washington Post |language=en}}</ref>

Compass Bridge Loan Services provides access to [[bridge loan]] lenders, with the option to get up to six months of the loan payments fronted when the home is sold with a Compass agent.<ref>{{Cite web|url=https://www.cnbc.com/2019/10/21/brokerage-compass-offers-easier-less-expensive-way-to-get-bridge-loan.html|title=Brokerage Compass starts offering an easier, less expensive way to get a bridge loan|last=Olick|first=Diana|date=2019-10-21|website=CNBC|language=en|access-date=2019-11-14}}</ref><ref>{{Cite web|url=https://www.inman.com/2019/10/21/compass-launches-bridge-loan-program/|title=Compass launches bridge loan program|publisher=Inman|author=Kearns, Patrick|access-date=July 9, 2020}}</ref>

The Compass Coming Soon program pre-markets properties on compass.com.<ref>{{Cite web|url=https://therealdeal.com/2018/09/17/compass-deploys-sneak-peak-marketing-cue-the-raised-eyebrows/|title=Compass {{!}} Compass Coming Soon {{!}} Whisper Listings|date=2018-09-17|website=The Real Deal New York|language=en-US|access-date=2019-11-14}}</ref>

== Technologies ==
Compass Collections is a curated visual workspace that allows agents and clients to collaborate in real-time to organize homes, centralize their discussions, and monitor the market by receiving immediate status and price updates.<ref name=businessinsider>{{cite web|url=https://www.businessinsider.com/softbank-backed-compasss-real-estate-agent-tech-stack-2019-12|title=Here's a look at the tech used at SoftBank-backed real-estate brokerage Compass|publisher=Business Insider|author=Nicoll, Alex|access-date=July 9, 2020}}</ref>

Compass Insights is a dashboard that contains key data points agents need to craft marketing strategies, uncover new lead-generation opportunities, and invest accordingly in the positioning of their listings.

The Marketing Center is a digital design studio for Compass agents to create customized, personalized and localized marketing materials.<ref name=businessinsider/>

Compass Markets is a mobile app that has real-time residential real estate data that provides access to recent transaction data as well as historic sales trends.<ref>{{cite web|url=https://www.businessinsider.com/compass-real-estate-startup-launches-new-app-2016-7|title=This $800 million startup just launched an app to make buying a home easier|publisher=Business Insider|author=McAlone, Nathan|access-date=July 9, 2020}}</ref>

Compass CRM is a [[customer relationship management]] platform powered by [[artificial intelligence]].<ref name=businessinsider/>

== Acquisitions ==

The following is a list of acquisitions by Compass:

* Lindsay Reishman Real Estate (November 2014)<ref>{{Cite web |last=Haynes |first=Dion |title=New York realty firm to open office in D.C. |url=https://www.washingtonpost.com/news/where-we-live/wp/2014/11/13/new-york-realty-firm-to-open-office-in-d-c/ |access-date=2019-11-14 |website=Washington Post |language=en}}</ref>
* Bushari (January 2017)<ref>{{Cite web|url=https://bostonagentmagazine.com/2018/01/19/compass-acquires-bushari-real-estate/|title=Compass acquires Bushari Real Estate|date=2018-01-19|website=Boston Agent Magazine|language=en-US|access-date=2019-11-14}}</ref>
* Conlon (April 2018)<ref>{{Cite web|url=https://www.chicagobusiness.com/article/20180425/CRED0701/180429918/compass-acquires-chicago-brokerage-conlon-christie-s|title=Compass acquires Chicago brokerage Conlon Christie's|date=2018-04-25|website=Crain's Chicago Business|language=en|access-date=2019-11-14}}</ref>
* Northwest Group Real Estate [NWG] (April 2018)<ref>{{Cite web|url=https://therealdeal.com/issues_articles/compass-faces-a-reckoning/|title=Compass faces a reckoning|website=The Real Deal|author=Solomont, E.B.|access-date=July 9, 2020}}</ref>
* The Hudson Company (June 2018)<ref>{{Cite web|url=https://therealdeal.com/chicago/2018/06/25/compass-buys-residential-brokerage-hudson-company-continuing-city-expansion/|title=Compass buys Hudson Company, continuing Chicago expansion effort|date=2018-06-25|website=The Real Deal Chicago|language=en-US|access-date=2019-11-14}}</ref>
* Paragon Real Estate Group (July 2018)<ref>{{Cite web|url=https://www.sfchronicle.com/business/networth/article/Paragon-Real-Estate-of-SF-acquired-by-Compass-to-13061063.php|title=Paragon Real Estate of SF acquired by Compass to form city's largest brokerage|date=2018-07-10|website=SFChronicle.com|language=en-US|access-date=2019-11-14}}</ref>
* Pacific Union International (August 2018)<ref>{{Cite web|url=https://www.sfchronicle.com/business/networth/article/Compass-buying-Pacific-Union-second-SF-real-13172961.php|title=Compass buying Pacific Union - its second SF real estate acquisition in two months|date=2018-08-22|website=SFChronicle.com|language=en-US|access-date=2019-11-14}}</ref>
* Avenue Properties (August 2018)<ref>{{Cite web|url=https://www.bizjournals.com/seattle/news/2018/08/14/compass-merger-avenue-properties-real-estate-tech.html|title=Avenue Properties joins real estate tech company Compass|website=bizjournals.com|access-date=2019-11-14}}</ref>
* Wydler Brothers (November 2018)<ref>{{Cite web|url=https://therealdeal.com/2018/11/13/compass-acquires-dc-indie-brokerage/|title=Compass {{!}} Wydler Brothers Real Estate {{!}} Robert Reffkin|date=2018-11-13|website=The Real Deal New York|language=en-US|access-date=2019-11-14}}</ref>
* Contactually (February 2019)<ref>{{Cite web|url=http://social.techcrunch.com/2019/02/27/compass-acquires-contactually-a-crm-provider-to-the-real-estate-industry/|title=Compass acquires Contactually, a CRM provider to the real estate industry|website=TechCrunch|language=en-US|access-date=2019-11-14}}</ref>
* Alain Pinel Realtors (March 2019)<ref>{{Cite web|url=https://www.sfchronicle.com/business/networth/article/Compass-buys-Alain-Pinel-to-create-Bay-Area-real-13662639.php|title=Compass buys Alain Pinel to create Bay Area real estate behemoth|date=2019-03-05|website=SFChronicle.com|language=en-US|access-date=2019-11-14}}</ref>
* Stribling & Associates (April 2019)<ref>{{Cite web|url=https://therealdeal.com/2019/04/03/compass-strikes-deal-to-buy-stribling-associates/|title=Compass {{!}} Stribling & Associates {{!}} Residential brokerages|date=2019-04-03|website=The Real Deal New York|language=en-US|access-date=2019-11-14}}</ref>
*Detectica (November 2019)<ref>{{Cite news|url=https://www.wsj.com/articles/real-estate-brokerage-compass-buys-ai-startup-detectica-11574159402|title=Real-Estate Brokerage Compass Buys AI Startup Detectica|last=Council|first=Jared|date=2019-11-19|work=Wall Street Journal|access-date=2019-12-02|language=en-US|issn=0099-9660}}</ref>
*Modus (October 2020)<ref>{{Cite web|date=2020-10-05|title=Real estate brokerage Compass to acquire Seattle-based home closing startup Modus|url=https://www.geekwire.com/2020/real-estate-brokerage-compass-acquire-seattle-based-home-closing-startup-modus/|access-date=2021-06-07|website=GeekWire|language=en-US}}</ref>
*Glide Labs (April 2021)<ref>{{Cite web|url=https://therealdeal.com/2021/04/26/compass-buys-glide-re-transaction-management-platform/|title=Compass buys Glide, RE transaction management platform|website=therealdeal.com|access-date=2021-04-21}}</ref>

== References ==
{{reflist}}
{{reflist}}


==External links==
==External links==
* {{official website|https://compass.com}}
* {{official website|https://compass.com}}
* {{cite AV media
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| title = Interview, Robert Reffkin, "How I Built This With Guy Raz"
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| language = English
| url = https://www.npr.org/2021/07/23/1019734077/robert-reffkin-compass
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{{Real estate}}
[[Category:Real estate services companies of the United States]]
[[Category:2021 initial public offerings]]
[[Category:American companies established in 2012]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Publicly traded companies based in New York City]]
[[Category:Real estate companies established in 2012]]
[[Category:Real estate companies established in 2012]]
[[Category:American companies established in 2012]]
[[Category:Real estate services companies of the United States]]
[[Category:Softbank portfolio companies]]
[[Category:Softbank portfolio companies]]
[[Category:2021 initial public offerings]]
[[Category:Publicly traded companies based in New York City]]

Latest revision as of 23:46, 19 November 2024

For other uses, see Compass (disambiguation).

Compass, Inc.
FormerlyUrban Compass, Inc. (2012–2021)
Company typePublic
NYSE: COMP
IndustryReal estate
FoundedOctober 4, 2012; 12 years ago (2012-10-04)
FounderOri Allon
Robert Reffkin
Avi Dorfman[1]
Headquarters
New York, New York
,
United States
Area served
United States
Key people
ServicesBroker
RevenueDecrease US$4.89 billion (2023)
Negative increase US$−315 million (2023)
Negative increase US$−320 million (2023)
Total assetsDecrease US$1.16 billion (2023)
Total equityDecrease US$432 million (2023)
OwnerSoftBank Vision Fund (30.1%)
Robert Reffkin (2.1%)
Number of employees
2,549 (2023)
Websitecompass.com
Footnotes / references
[2][3]

Compass, Inc. operates a residential real estate brokerage in the United States.[4][5] It has approximately 29,000 agents, who are generally independent contractors, on its platform.[2]

In 2023, the company completed 178,848 transactions for a gross dollar value of $186.1 billion. It had a market share in the U.S. of 4.5%.[2] SoftBank Vision Fund owns 30.1% of the company.[3]

History

[edit]

Compass was founded by Ori Allon, Robert Reffkin, and Avi Dorfman as Urban Compass, Inc. in New York City in October 2012.[2][6] Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google.[7] Reffkin had previously served as the chief of staff to the president of Goldman Sachs[8] and worked in the White House.[9][10] Avi Dorfman had previously worked at McKinsey & Company and Lehman Brothers, and founded a startup.

The company raised $8 million of seed funding.[10][7] The initial business model employed full-time, salaried brokers[11] and was focused only on rentals.[12] The service was launched in May 2013.[13][12]

In January 2014, Compass announced it would change its overall business model by contracting independent real estate agents, receiving a portion of the broker commission.[14]

In July 2014, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue, which became its global headquarters.[15]

In June 2014, Leonard Steinberg, previously with Douglas Elliman, was named president of the company.[16][17] At that time, the company had 125 agents and 70 staff members.[18]

In July 2016, the company launched a mobile app.[19]

The company expanded into several markets, both organically and via acquisitions. By January 2017, the company operated in 9 U.S. markets: New York, Boston, San Francisco, Miami, Washington, the Hamptons, Los Angeles, Santa Barbara, and Aspen.[20] At that time, it had 1,300 agents.[21]

On April 1, 2021, the company became a public company via an initial public offering.[22]

In November 2021, Compass settled with Avi Dorfman, ending an 8-year dispute, and acknowledging him as a member of the founding team.[6] The company took a $21.3 million charge in connection with the matter.[23]

The company announced several rounds of layoffs in 2022 and 2023.[24][25]

Acquisitions

[edit]
Date Acquired Description Source
November 2014 Lindsay Reishman Real Estate Washington, D.C.–based broker [26][27]
April 2016 Shane Aspen Real Estate Aspen-based broker [28]
January 2017 Bushari Real Estate Boston-based brokerage [29]
April 2018 Conlon Chicago-based brokerage [30][31]
April 2018 Northwest Group Real Estate Seattle-based brokerage [32][33]
June 2018 The Hudson Company Chicago-based brokerage [34][35]
July 2018 Paragon Real Estate Group San Francisco–based brokerage [36][37]
August 2018 Avenue Properties Seattle-based brokerage [38][39]
August 2018 Pacific Union International San Francisco–based brokerage [40][41]
November 2018 Wydler Brothers Washington, D.C.–based brokerage [42][43]
February 2019 Contactually CRM provider; shut down in March 2022 [44]
March 2019 Alain Pinel Realtors San Francisco–based brokerage [45][46]
April 2019 Stribling & Associates New York–based brokerage [47][48]
November 2019 Detectica AI Startup [49][50][51]
October 2020 Modus Home closing startup, shut down in June 2022 [52][53]
February 2021 KVS Title Title insurance and settlement services provider [54][55]
April 2021 Glide Labs Transaction management platform [56][57]
September 2021 First Alliance Title Title insurance and settlement services provider [58][59]
September 2021 CommonGround Abstract Title insurance and settlement services provider [60][61]
May 2022 Consumer's Title Company Title insurance and settlement services provider [62][63]
April 2023 Launch Real Estate Arizona-based brokerage [64][65]
September 2023 Deasy Penner Podley/DPP Pasadena-based luxury boutique brokerage [66]
September 2023 Realty Austin and Realty San Antonio Texas-based brokerages [67][68][69]
January 2024 Attorneys Key Title Fort Lauderdale–based title company [70]
April 2024 Latter & Blum Broker operating in Louisiana and Mississippi [71][72]
May 2024 Parks Real Estate Broker operating in Tennessee [73]

Awards

[edit]

Compass was named Mid-Sized Business of the Year by the Manhattan Chamber of Commerce in 2015.[8]

In 2018, Compass was named to Crain's Fast 50.[74]

In January 2019, it was ranked 14th on Glassdoor's Best Places to Work.[75]

In April 2019, Compass received a Webby Award for Best Real Estate Website.[76]

In August 2019, it was named one of the Best Workplaces for Innovators by Fast Company.[77]

Compass won the 2020 Webby Award in the real estate web category.[78]

References

[edit]
  1. ^ MCPHERSON, MARIAN (September 16, 2021). "Avi Dorfman's 8-year battle with Compass is finally over". Bradley Inman.
  2. ^ a b c d "Compass, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 28, 2024.
  3. ^ a b "SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION". U.S. Securities and Exchange Commission.
  4. ^ Delprete, Mike (May 1, 2019). "How has Compass grown so fast? A look at the numbers". Bradley Inman.
  5. ^ Bourque, Andre (September 28, 2016). "25 Inspiring Entrepreneurs Under 40 Who Are Creating the Next Big Thing". Entrepreneur.
  6. ^ a b Mascarenhas, Natasha (November 16, 2021). "Avi Dorfman's legal battle to be named founding member of Compass has ended in a settlement". TechCrunch.
  7. ^ a b Popper, Ben (November 27, 2012). "After cashing out to Google and Twitter, Ori Allon is going all in with Urban Compass". The Verge.
  8. ^ a b TITLOW, JOHN PAUL (June 18, 2015). "Why This Real Estate App Is Making New York Brokers Nervous". Fast Company.
  9. ^ ROBERTS, DANIEL (October 13, 2014). "Modernizing the New York apartment hunt". Fortune.
  10. ^ a b Lunden, Ingrid (December 16, 2012). "With $8M in Seed Funding From Founders Fund, Goldman Sachs; Urban Compass Wants To Build A Hyper-Local, Human-Powered Database". TechCrunch.
  11. ^ Popper, Ben (May 7, 2013). "Urban Compass: can a startup finally fix the nightmare of renting an apartment in NYC?". The Verge.
  12. ^ a b SHEFTELL, JASON (May 7, 2013). "High-tech start-up Urban Compass hopes to change how we rent and live in new york city". New York Daily News.
  13. ^ Lunden, Ingrid (May 7, 2013). "Urban Compass Comes Out Of Stealth with a Hyperlocal Social Network, And A Disruptive Rental Portal That Will Serve As A Magnet". TechCrunch.
  14. ^ Wiggin, Teke (January 15, 2014). "The big pivot: why Urban Compass has gone traditional". Bradley Inman.
  15. ^ DELAPORTE, GUS (July 22, 2014). "Urban Compass Signs Lease at RFR's 90 Fifth Avenue". Observer Media.
  16. ^ Samtani, Hiten; Kussin, Zachary (June 2, 2014). "Leonard Steinberg exits Douglas Elliman for Urban Compass". The Real Deal.
  17. ^ Taufen, Amber (June 24, 2016). "The Real Trends/WSJ Thousand list for 2016 has been unveiled". Bradley Inman.
  18. ^ Hagey, Paul (November 15, 2014). "Urban Compass launches nationwide expansion push with Washington, DC, acquisition". Bradley Inman.
  19. ^ McAlone, Nathan (July 20, 2016). "This $800 million startup just launched an app to make buying a home easier". Business Insider.
  20. ^ Lunden, Ingrid (January 18, 2017). "Maelle Gavet is the new COO at real estate startup Compass". TechCrunch.
  21. ^ KALFUS, MARILYN (February 5, 2017). "Luxury real estate startup Compass expands to Newport Beach, scores top agent Rob Giem". Orange County Register.
  22. ^ Podder, Sohini (April 1, 2021). "SoftBank-backed Compass valued at $8.22 bln in NYSE debut". Reuters.
  23. ^ "EX-99.1". U.S. Securities and Exchange Commission.
  24. ^ Turner, Matt; Geiger, Daniel; Parker Erb, Jordan; Bullock, Hallam (December 18, 2022). "Compass is reeling from a horrible year, from financial losses to tech troubles to mass layoffs". Business Insider.
  25. ^ C, Priyamvada (January 5, 2023). "Real estate broker Compass to cut more jobs to deal with housing downturn". Reuters.
  26. ^ Haynes, Dion (November 13, 2014). "New York realty firm to open office in D.C." The Washington Post.
  27. ^ "Urban Compass Takes First Milestone Step in National Expansion by Acquiring Lindsay Reishman Real Estate in Washington, D.C. Market" (Press release). PR Newswire. November 13, 2014.
  28. ^ Glendenning, Lauren (April 1, 2016). "Tech company Compass acquires Shane Aspen Real Estate". The Aspen Times.
  29. ^ Sims, Stephanie; Terchek, Natalie (January 19, 2018). "Compass acquires Bushari Real Estate". Boston Agent Magazine.
  30. ^ Rodkin, Dennis (April 25, 2018). "Compass acquires Chicago brokerage Conlon Christie's". Crain's Chicago Business.
  31. ^ SOUTH, GILL (April 25, 2018). "Compass acquires Chicago's Conlon Real Estate". Bradley Inman.
  32. ^ Solomont, E.B.; Blake, Matthew (March 2, 2020). "Compass faces a reckoning". The Real Deal.
  33. ^ Stiles, Marc (April 25, 2018). "$2.2 billion real estate tech company enters the Puget Sound region market". American City Business Journals.
  34. ^ Lynch, Dennis (June 25, 2018). "Compass buys Hudson Company, continuing Chicago expansion effort". The Real Deal.
  35. ^ Kearns, Patrick (June 25, 2018). "Compass acquires Chicago indie brokerage The Hudson Company". Bradley Inman.
  36. ^ "Paragon Real Estate of SF acquired by Compass to form city's largest brokerage". San Francisco Chronicle. July 10, 2018.
  37. ^ Kearns, Patrick (July 9, 2018). "Compass acquires Paragon, seeks San Francisco market supremacy". Bradley Inman.
  38. ^ Stiles, Marc (August 14, 2018). "Avenue Properties joins real estate tech company Compass". American City Business Journals.
  39. ^ Kearns, Patrick (August 14, 2018). "Compass takes over Avenue Properties' Seattle offices". Bradley Inman.
  40. ^ "Compass buying Pacific Union – its second SF real estate acquisition in two months". San Francisco Chronicle. August 22, 2018.
  41. ^ Norman, Hannah (August 29, 2018). "Compass acquires Pacific Union". American City Business Journals.
  42. ^ "Compass acquires DC indie brokerage". The Real Deal. November 13, 2018.
  43. ^ Kearns, Patrick (November 12, 2018). "Compass Acquires D.C. Indie Wydler Brothers Real Estate". Bradley Inman.
  44. ^ Lunden, Ingrid (February 27, 2019). "Compass acquires Contactually, a CRM provider to the real estate industry". TechCrunch.
  45. ^ Pender, Kathleen (March 5, 2019). "Compass buys Alain Pinel to create Bay Area real estate behemoth". San Francisco Chronicle.
  46. ^ Kelliher, Fiona (March 4, 2019). "Alain Pinel turned down Compass' acquisition offer last year. Now, it's changed its mind". American City Business Journals.
  47. ^ Solomont, E.B. (April 3, 2019). "Compass strikes deal to buy Stribling". The Real Deal.
  48. ^ Kearns, Patrick (April 3, 2019). "Compass to acquire Stribling & Associates". Bradley Inman.
  49. ^ Council, Jared (November 19, 2019). "Real-Estate Brokerage Compass Buys AI Startup Detectica". The Wall Street Journal. ISSN 0099-9660.
  50. ^ "Compass Acquires Detectica, Deepening Artificial Intelligence and Machine Learning Capabilities Across The Compass Real Estate Platform" (Press release). PR Newswire. November 19, 2019.
  51. ^ Rosacia, Pam (November 19, 2019). "Home trading platform Compass buys AI company Detectica". S&P Global.
  52. ^ SOPER, TAYLOR (October 5, 2020). "Real estate brokerage Compass to acquire Seattle-based home closing startup Modus". GeekWire.
  53. ^ SOPER, TAYLOR (June 16, 2022). "Real estate giant Compass shuts down Modus, the Seattle-based title business it acquired in 2020". GeekWire.
  54. ^ "Compass Acquires KVS Title" (Press release). PR Newswire. February 25, 2021.
  55. ^ Kearns, Patrick (February 25, 2021). "Compass moves deeper into closing services with KVS Title acquisition". Bradley Inman.
  56. ^ James, Cordilia (April 26, 2021). "Compass buys Glide, RE transaction management platform". The Real Deal.
  57. ^ "Compass Agrees to Acquire Real Estate Transaction-Management Platform Glide" (Press release). PR Newswire. April 26, 2021.
  58. ^ "Compass Agrees to Acquire First Alliance Title" (Press release). PR Newswire. September 22, 2021.
  59. ^ DALRYMPLE II, JIM (September 22, 2021). "Compass scoops up yet another title company". Bradley Inman.
  60. ^ "Compass Agrees to Acquire CommonGround Abstract" (Press release). PR Newswire. September 28, 2021.
  61. ^ DALRYMPLE II, JIM (September 28, 2021). "Compass acquiring third title company in less than a month". Bradley Inman.
  62. ^ "Compass Agrees to Acquire Consumer's Title Company of California" (Press release). PR Newswire. May 3, 2022.
  63. ^ VERDE, BEN (May 3, 2022). "Compass acquires Consumer's Title Company of California". Bradley Inman.
  64. ^ Gonzales, Angela (April 6, 2023). "Scottsdale's Launch Real Estate joins national giant, introducing it to metro Phoenix". American City Business Journals.
  65. ^ DALRYMPLE II, JIM (April 6, 2023). "Compass scoops up 300-agent indie brokerage in Arizona". Bradley Inman.
  66. ^ Asch, Andrew (September 19, 2023). "Compass acquires Pasadena firm DPP". The Real Deal.
  67. ^ Baird, Cody (September 27, 2023). "Compass buys Realty Austin, Realty San Antonio". American City Business Journals.
  68. ^ MCPHERSON, MARIAN (September 27, 2023). "Compass acquires No. 1 indie brokerage in Central Texas". Bradley Inman.
  69. ^ Lovinger, Joe (September 27, 2023). "Compass Acquires Realty Austin, Realty San Antonio". The Real Deal.
  70. ^ Hinsche, Kate (January 16, 2024). "Compass to acquire Fort Lauderdale-based Attorneys Key Title". The Real Deal.
  71. ^ RIEGEL, STEPHANIE; DAIGLE, ADAM (April 3, 2024). "Louisiana's dominating Latter & Blum sells to country's largest brokerage". The Times-Picayune/The New Orleans Advocate.
  72. ^ DALRYMPLE II, JIM (April 3, 2024). "Compass acquires 3,100-agent Gulf Coast giant Latter & Blum". Bradley Inman.
  73. ^ "Compass Strengthens Footprint in Southeastern U.S., Welcoming the Top Brokerage in Tennessee". PR Newswire (Press release). May 13, 2024.
  74. ^ ANUTA, JOE (October 14, 2018). "Compass". Crain Communications.
  75. ^ Renzulli, Kerri Anne (January 8, 2019). "WORK: The 15 best tech companies to work for in 2019, according to Glassdoor". CNBC.
  76. ^ Liao, Shannon (April 23, 2019). "Here are all the winners of the 2019 Webby Awards". The Verge.
  77. ^ "The 50 best workplaces for innovators". Fast Company. August 5, 2019.
  78. ^ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards". The Verge.
[edit]
  • Official website
  • Business data for Compass, Inc.:
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