SoftBank Vision Fund’s $450 Million Investment in Compass

Cooley advised SoftBank Vision Fund on its agreement to invest $450 million in Compass, making it the largest real estate tech investment in US history. Partner Matthew Bartus led the Cooley team advising the fund.

Compass, a real estate technology company, today announced that the SoftBank Vision Fund has agreed to invest $450 million, making it the largest real estate technology investment in U.S. history. This investment will bring the total capital raised to $775 million. Compass will use the capital to expand to every major U.S. city and increase its investment in technology to further empower Compass agents and their clients.

Compass is building the first modern real estate platform, which reduces the friction and frustration associated with selling, buying, or renting a property by providing real estate agents with a set of powerful tools to increase efficiency and sales volume.

Over the last 24 months, Compass grew its agent population by 500 percent. Top agents are attracted to Compass because of their agent-centric technology, which helps drive a 25 percent increase in commissions income in an agent’s first year with the company. The clients of Compass agents benefit from the technology by selling their homes more quickly and at higher prices. Buyers benefit from a more efficient process. With this capital infusion, Compass will bring these benefits to more top agents and their clients in cities across the U.S.

Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in 11 regions across the United States: New York City, Los Angeles, Chicago, San Francisco, Boston, Washington, D.C., Miami, Orange County, The Hamptons, Santa Barbara and Montecito, and Aspen.

Cooley advised with a team led by Matthew Bartus (Picture).

Involved fees earner: Matthew Bartus – Cooley LLP; Jared Verzello – Cooley LLP; Emily Iannarelli – Cooley LLP; Allison Pang – Cooley LLP; Anthony Friedman – Cooley LLP; Bryan Berman – Cooley LLP; Michael Levinson – Cooley LLP; Adit Khorana – Cooley LLP; Renee Deming – Cooley LLP; Ross Eberly – Cooley LLP; Alyssa Ohanian – Cooley LLP; Howard Morse – Cooley LLP; Sharon Connaughton – Cooley LLP; Christopher Kimball – Cooley LLP; Amy Josselyn – Cooley LLP; Rebecca Ross – Cooley LLP; Michael Bleicher – Cooley LLP;

Law Firms: Cooley LLP;

Clients: SoftBank Vision Fund;


Author: Ambrogio Visconti