New York-based real estate startup Compass Inc. raised new financing that values the company at more than $1 billion,Watch Female Disciple Who Teaches the Taste of a Voluptuous Woman Online 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.
During this quarter last year, 25 venture-backed unicorns were created. This year in the third quarter, Compass is the sixth, according to CB Insights, which tracks financing events for startups.
It's an even more unusual phenomenon in New York, where ZocDoc Inc. was the last to become a unicorn a year ago.
Compass plans to use the money to expand into new locations and improve its technology for analyzing the real estate market.
The company, which aims to make real estate transactions more transparent and convenient through an online service, has 24 offices across the U.S. and plans to open soon in San Francisco and other cities.
While other startups struggle to access new funding, Compass was able to raise money because its revenue is growing quickly, thanks in part to a strong U.S. housing market.
Compass has passed $100 million in revenue so far this year, and plans to end the year with triple the revenue it generated in 2015, according to the person familiar with the matter.
SEE ALSO: Ryanair CEO ‘Very Cautious’ on Profit Forecast as Fares FallAs people buy, sell and rent properties on the site, Compass takes a small percentage of the proceeds. About $7 billion in sales run through the site annually, the company said.
``The fundraising market right now is not great, but I think our performance has been very consistent,'' Ori Allon, Compass co-founder and executive chairman, said in an interview. ``We've been growing very quickly.''
The funding round brings the total raised by Compass to $210 million. Ashley Murphy, a spokeswoman, declined to comment on the valuation or the revenue.
(Editor: {typename type="name"/})
Best portable power station deal: Save $179.01 on the EcoFlow River 2 Max
MLB Opening Day: Can TikTok save baseball?
The Kindle Scribe just dropped to its lowest price ever, but is it worth it?
Duke vs. Arizona 2025 livestream: How to watch March Madness for free
SpaceX's Starlink will provide free satellite internet to families in Texas school district
NYT Strands hints, answers for March 27
Amazon Spring Sale 2025: Save $100 on Amazon Fire TV 4
Amazon Big Spring Sale 2025: Shop the best home deals
Outdoor speaker deal: Save $20 on the Soundcore Boom 2
Best robot vacuum deal: Get 44% off the Eufy Robot Vacuum C10
Best robot vacuum deal: Get the Roborock Q5 Max for 53% off at Amazon
NYT Connections hints and answers for March 27: Tips to solve 'Connections' #655.
接受PR>=1、BR>=1,流量相当,内容相关类链接。