Compass Earns $1 Billion Valuation As New Unicorns Become Rarer
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New York-based real estate startup Compass Inc. raised new financing that values the company at more than $1 billion, according to a person familiar with the matter.
The $75 million round was led by mutual fund operator Wellington Management Co. and included venture capital firms Institutional Venture Partners and Thrive Capital, according to the company. It marks the creation of a new unicorn -- a startup valued at $1 billion or more -- as that becomes rarer.