The fast-growing broker Compass announced that they have raised additional investment capital to fund its rapid expansion across the U.S. With a market cap of $6.4B, Compass plans to build out its tech capabilities to assist its legion of real estate agents, instead of allocating those funds towards the consumer.
Robert Reffkin, co-founder and CEO of Compass stated, “We have an obsession with our agents the way Amazon has an obsession with the consumer.”