Urban Compass Rebrands as Compass; Acquires Lindsay Reishman Real Estate
Summary
The rebranding is considered a milestone in the company’s strategy to expand nationally beyond urban markets.The company has also launched Washington, D.C.-area operations and technology platform, marking its first foray outside of New York City, following the recent acquisition of Lindsay Reishman Real Estate, a leading residential brokerages in the D.C. area.The launch also included a new website at compass.com, which features Washington, D.C., Maryland and Virginia home listings and neighborhood guides, as well as an enhanced consumer app in both markets.Launched in 2013 by Ori Allon, Executive Chairman, Compass combines agents with technology to facilitate the process of buying, selling or renting a home.$68m in funding to date as follows: 21/07/2014: Urban Compass Raises $40M in Series B funding 25/09/2013: Urban Compass Raises $20M in Series A Funding 21/12/2012: Urban Compass Raises $8M in Funding FinSMEs 12/02/2015