Investments · Real estate brokerage (technology)
SoftBank Vision Fund invests $450 million in real estate brokerage Compass
- Investor
- SoftBank Vision Fund (SoftBank Group) (Tokyo)
- In
- Compass, New York, New York
- Value
- $450M
- Status
- Announced on December 7, 2017; the investment has closed.
- Date
- 2017-12-07
SoftBank Vision Fund invested $450 million in Compass, a New York real estate brokerage that uses its own software for agents. The Vision Fund was the sole investor. TechCrunch reported that the deal valued Compass at $2.2 billion.
Why it matters
The investment brought Vision Fund money into US home sales, adding to its real estate holdings alongside WeWork.
Sources
Kakehashi M&A News home
