Compass Real Estate announced today that it has closed a new round of funding.

The latest funds total $75 million and come nearly a year after the company’s $60 million Series C financing in September 2015. To date, Compass has raised $210 million in capital.

The round included new investments from existing key investors including IVP (which led Compass’ last round), Thrive Capital, Founders Fund and 406 Ventures.

“This funding will provide us with additional resources to accelerate our growth into new markets and inject transformative technology to improve the experience for consumers and agents,” Ori Allon, founder and executive chairman at Compass, said in a statement. “When it comes to technology, the real estate industry is fragmented and regional systems don’t talk to each other. There is no reason the real estate process shouldn’t be transparent, convenient, expedient and intuitive. Compass is aiming to change that.”

Launched in New York in 2013, Compass has expanded to Washington D.C.; Miami; Boston; the Hamptons, New York; Cambridge; Beverly Hills; Malibu; Pasadena; Santa Barbara; and Aspen in the last 18 months. A San Francisco office opening is planned for the fall.

Compass now operates 24 offices nationwide and represents approximately $7 billion in annual sales. The Cambridge office is No. 2 in sales by volume in that city.

Compass Raises $75 Million In New Investment Round

by Banker & Tradesman time to read: 1 min
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