SoftBank Vision Fund to Invest $450 Million in Compass

Funding to accelerate US expansion and development of world’s largest real estate tech platform

Palo Alto – December 8, 2017 – 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.

The investment will bring Compass’s total capital raised to $775 million. It will use the capital to expand to every major US city and increase its investment in technology to further empower the company’s agents and their clients.

“Real estate is a huge asset class, but the sector has been relatively untouched by technology and remains inefficient and fragmented,” said Justin Wilson, a senior investment professional at the SoftBank Vision Fund. “Compass is building a differentiated, end-to-end tech platform that aggregates across diverse data streams to support agents and homebuyers through the entire process, well beyond the initial home search. With disruptive technology and unique data advantages, Compass is well-positioned for future growth in a sector that represents trillions in transaction volume.”

Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. It delivers 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.

The SoftBank Vision Fund invests globally in the businesses and technologies that will enable the next stage of the information revolution, and make tomorrow’s world leading businesses possible. It invests across all technology sectors and geographies, including computational biology, data-driven healthcare and technology-enabled pharmaceutical businesses.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

Related Contacts
Matthew Bartus  Partner San Francisco, Singapore, Palo Alto
Michael Levinson  Senior Counsel San Diego
Renee Deming  Retired Partner Palo Alto
Howard Morse  Partner Washington, DC
Christopher Kimball  Partner Washington, DC
Lauren Creel  Partner Palo Alto
Emily Iannarelli  Associate Palo Alto
Allison Pang  Associate Palo Alto
Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Bryan Berman  Associate Colorado
Sharon Connaughton  Special Counsel Washington, DC
Rebecca Ross  Special Counsel Washington, DC