Compass
Provides engineering and technical services to US defense agencies.
Company facts
- Founded
- 2003
- Employees
- 59
- Headquarters
- United States
- CEO
- Robert Reffkin
- Type
- Private
- Funding
- Secondary Market · 2023
About
Through groundbreaking technology, we are revolutionizing real estate at Compass, Inc. Since our inception in 2012, our mission has been to help everyone find their place in the world by building the first modern real estate platform. We pair the industry's top talent with innovative technology to make the search and sell experience intelligent and seamless. Compass is dedicated to empowering real estate agents, who are at the core of our strategy. Our proprietary platform provides an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services, and other critical functionalities, all custom-built for the real estate industry. This allows our agents to grow their business, save time, and manage their operations more effectively. We believe that empowering the country's top agents with the industry's most advanced technology platform is the best way to deliver an exceptional experience to every home buyer and seller. Our journey began in New York City, initially as Urban Compass, with a focus on leveraging technology to address inefficiencies in the real estate market, such as scam advertisements and lengthy transaction processes. Founded by Ori Allon, Robert Reffkin, and Avi Dorfman, Compass quickly evolved from a model employing full-time, salaried brokers focused on rentals to contracting independent real estate agents and expanding into sales. This solutions-driven mindset of a startup, combined with the sophistication of a luxury brand, defines Compass as the future of real estate. We have invested significantly in our technology, spending approximately $900 million to develop tools that we believe will lead to profitability and attract top agent talent. These tools include features like 'Collections' for sharing property lists with buyers and a 'likely to sell' tool that predicts which contacts are serious about selling with a high success rate. By integrating mortgage, escrow, and title businesses into our CRM, we aim to streamline the closing process and capture associated fees. Our commitment to innovation has been recognized with awards such as the Webby Award for Best Real Estate Website. Today, Compass is the largest residential real estate brokerage in the United States by sales volume, a testament to the hard work of our agents and our dedication to reinventing the real estate space.