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Compass raises $100M on $1.8B valuation, IPO ‘possible’

The high-tech real estate company announced the funding one day after publicizing its expansion plans

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Compass raised $100 million in a Series E investment round, putting the rapidly growing real estate technology company one step closer to a potential initial public offering, officials announced Wednesday. The latest round of financing from Fidelity Investments, IVP and Wellington Management brings the total capital raised by Compass to $325 million, which will be deployed to fund an aggressive expansion plan into 10 new markets and an array of cutting-edge technology, including a recently announced customized Customer Relationship Management (CRM) platform and targeted digital marketing tools. “We’re excited about the makeup of that capital raise in the sense that it’s both bringing on board a new extremely credible institutional investor in Fidelity but also we’re seeing reinvestment from venture capitalists that led our former rounds,” said Compass Chief Revenue Officer Rob Lehman, who confirmed that the company is now valued at $1.8 billion. Lehman acknowledged t...