Just over a year after launching, New York City-based real estate brokerage and tech platform Urban Compass is worth $360 million, at least in the eyes of investors who ponied up $40 million for a Series B funding round announced today. The company plans to use the financing -- which brings the total amount raised to $73 million -- to further invest in technology, expand to other markets and continue to grow its operations in New York City. “Our potential with our technology is very scalable and will work in every city in the United States once we decide to expand," said Urban Compass founder and Chairman Ori Allon. Allon said Washington, D.C., Chicago and Boston are the current frontrunners on Urban Compass' list of potential expansion markets, and confirmed reports that the la...
Jan 23, 2014 by Inman
Jan 15, 2014 by Teke Wiggin