Compass gets $1 billion-plus valuation in latest funding round

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Compass, a high-tech brokerage, has raised an additional $75 million in a funding round that values the company at more than $1 billion, according to a person familiar with the deal. Compass will use the truckload of cash to “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 of Compass, said in a statement.