Compass, Inc.
Compass, Inc. operates a residential real estate brokerage in the United States. It has approximately 28,000 agents, who are generally independent contractors, on its platform. In 2022, the company closed 211,538 transactions for a gross dollar value of $230.3 billion. It had a market share in the U.S. of 4.5%. SoftBank Vision Fund owns 30.1% of the company. For its customers who sell their homes, in addition to regular brokerage services, the company provides access to loans to make home improvements and access to bridge loans to fund down payments on new homes before the customers' previous home is sold. History Compass was founded by Ori Allon, Robert Reffkin, and Avi Dorfman as Urban Compass, Inc. in New York City in October 2012. Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google. Reffkin had previously served as the chief of staff to the president of Goldman Sachs and worked in the White House. Avi Dorfman had previously worked at McKinsey & Company and Lehman Brothers, and founded a startup. The company raised $8 million of seed funding. The initial business model employed full-time, salaried brokers and was focused only on rentals. The