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Compass Said to Be Valued at $800 Million After Funding

  • Real estate startup raises $50 million to expand to new cities
  • Institutional Venture Partners led the round to help scale
Updated on

Compass Inc. raised $50 million in its latest funding round, as the online real estate marketplace seeks to expand its operations to multiple cities in the next year and further develop its data analytics.

The round, led by Institutional Venture Partners, values the New York-based startup at $800 million, according to a person with knowledge of the matter. That’s more than double the company’s value from a little more than a year ago. Its revenue grew 10 times in the last year, said the person, who asked not to be identified because the information isn’t public.